On Jun 3, 2011, at 8:35 AM, Bruce Johnson wrote: > > On Jun 3, 2011, at 7:02 AM, Francis Drouillard wrote: > >> It's time to try the tried and true methods of less government spending and >> a smaller public sector, lower taxes and fewer regulations to stimulate >> growth in the private sector. > > When was this ever actually tried and proven true?
And to elaborate: Personal Income taxes are at their lowest levels since the 20's. Corporate taxes, while high *on paper* are so riddled through with loopholes that we're paying enormous sums of money to giant corporations: <http://www.reuters.com/article/2008/08/12/us-usa-taxes-corporations-idUSN1249465620080812> Public sector employment has steadily decreased since the beginning of this recession, and continutes to decline. By your thesis, private sector employment should be rising. <http://www.econbrowser.com/archives/2010/09/the_everexpandi.html> Yep that 20% of total nonfarm payroll is just choking the life out of us! Fewer regulations == "we need to be able to kill our workers and pollute the air and water with impunity' Ayn sez so! Currently corporations are sitting on almost $2 TRILLION in cash reserves...waiting for...what? Mergers and acquisitions, accompanied by layoffs. Our economy has become so lopsided in favor of the 1%'ers, they're now considered the only important market. Madison avenue no longer cares about you and I...we're done for. <http://www.adagewhitepapers.com/adage/affluence2011#pg2> "Income inequality may be a political talking point in Washington D.C., but it's also a reality that marketers need to consider when they are positioning products aimed at upscale consumers. In the wake of the Great Recession, it's time to rethink how to market to the segment that drives nearly 50% of consumer spending. But just who is affluent today? And which group is on the path to the rich life? This Ad Age Insights white paper, based on studies and data from strategic partners Digitas and Ipsos Mendelsohn, identifies five tiers of affluent households and explains why true affluence isn't achieved until the $200,000 household income level. Two distinct groups are found at the $100,000-$199,999 household income level, one on the path to riches, and one that has fallen back into the middle class. " For the innumerate among us, $200,000 is above the upper 5% of US households. 95% of us no longer count. Written off. A subhead in the report says: "The era of mass affluence is over." We've been trying the 'trickle-down' theory since Saint Raygun was elected (with the help of treasonous side deals with the Ayatollahs) and the only thing that;'s trickled down on us is the piss from the laughing wealthy. Yes, there is class warfare going on in the US, very successful class warfare, and they have most definitely been winning the war. Upward mobility is the lowest in the US in over a century; unless your parent's are wealthy, there's very little chance you will become so. <http://www.economicmobility.org/assets/pdfs/PEW_EMP_1984_TO_2004.pdf> and finally: Somalia, which by all rights should be a Galtian paradise: utterly ineffective government, no taxes to speak of, no reguklations to speak of, anyone can own any weapon they want. Why libertarians and paulites from across America should be, by all rights, flocking there by the millions to make in their government-free paradise. -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- 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.
