From: Michael Luscombe [EMAIL PROTECTED] > > On 20-Oct-08, at 1:44 PM, [EMAIL PROTECTED] wrote: > > > The extremely low-class Mr. 10 mm wrote: > >> > >> On Oct 20, 2008, at 12:00 PM, [EMAIL PROTECTED] wrote: > >> > >>> Folks aren't so much afraid of Obama as they are the thugs that > >>> support him. There's a few of those on this list, and a whole bunch > >>> of them in ACORN and the Nation of Islam. > >> > >> If ACORN is so evil, and the subject of the same fraud crap in '04 > >> and > >> '06 by Republicans (both times disproved), why did John McCain speak > >> at an ACORN event in February 2006, lavishing them with praise? > >> Seems > >> a bit hypocritical. Oh yeah, McCain is just a puppet, with the Bush > >> campaign team elbow-deep in his puckered starfish working the > >> controls. Sad to see McCain sell out his name, honor, and reputation > >> to become a neo-con puppet. > >> -W > > > > Speaking of Obama thugs, look who piped up. > > > > This thread is about the similarities between Obama's tax plan and > > a negative income tax proposed by Milton Friedman in the '80's. It > > sure doesn't sound like you know anything about either one of them. > > > > John McCain's campaign doesn't mind talking about the specifics of > > his tax plan. Why do you nasty Obama supporters get all uppity when > > folks want details of his tax plan? Got something to hide? > > > > You probably do. > -- > > > Trickle down economics hasn't worked for 90% of the country, I'd say > a trickle up policy is long overdue. It's a government of the people > for the people that has been rewarding the rich because they rich > reward them directly.
We tried that during Johnson's Great Society and the Carter administration. Wealth doesn't trickle up under socialist policies, particularly when there is a huge bureaucracy associated with those policies. > > Mr.Friedman is one of the architects of the "laissez-faire" school of > economics: free markets, no regulation. > Actually, he was a monetarist (target money supply) instead of a Keynesian (target interest rates) that believed many government policies at the time took away too much freedom of choice. He promoted a freedom-to-choose policy. > What's the problem, then? Do you simply disagree with that one > suggestion of his, or do you have some specific problem with > Friedman? Or are you accusing Obama of being unoriginal? Again, I > can't tell if you're for or against here. Mr.Friedman has informed a > lot of economic policy for a few decades now, including conservative > economic policy. Can you comment on a topic without first knowing where I stand on the issue? Google "Milton Friedman negative income tax" and you'll find lots of references to his negative income tax plan. I thought it was a good idea then because it would eliminate the huge welfare bureaucracy we had at the time. Recall, 20 to 25 years ago, the cost of the bureaucracy exceeded the cost of benefits being handed out. Welfare distributed as a negative income tax was proposed to eliminate that huge bureaucracy. If Obama is proposing something similar he would be wise to promote it as such. He might be on to something. But, I'd still be interested to know who is going to pay more in income, corporate and capital gains taxes and who is going to get the negative income tax checks. > > Or is it just paranoid anti-socialism that puts your defenses up > whenever anyone discusses doing something for the middle class? May I please abhor socialism without being accused of paranoia? > I encourage you to see reversing the tax structure as a very capitalist > idea. When you discuss the health and propulsion of the economy, you > can't ignore the idea that giving 90% of the population more spending > power might help more than letting some CEO buy his 13th house. If > the system is set up to funnel all the money to a small group of > people, eventually the money will all end up there and the economy > will come to a halt. What's the end game? Class warfare. Yuch. Can't let that other guy make lot's of money, even if you have to stifle everyone else. The choices aren't between the current economic crisis and socialism or communism. There's much more that can be done to improve the economy without growing the size of government, imposing more regulations and limiting one's freedom to choose. Francis Drouillard, PE Novato, CA 94945 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/StrataList-OT?hl=en -~----------~----~----~----~------~----~------~--~---
