The New US President and New Economics

[Kevmeister]

Quote from taodr:

Bush will be remembered for leaving a terrible mess. At the end of the day the guy's a dunce who surrounds himself with people who are plundering Americans as much as possible.

You are only plundered if you choose to be. If you think you're being plundered or not, you're right.

 

[jficquette]

Quote from nutmeg:

If I made more money this year than last year, have I been plundered?

No it means you are evil and have plundered others. LOL.



John

 

[drsteph]

Quote from likeinsights:

Your aim is to destroy individual, even entrepreneurial capitalism.

No, bonehead.

That is meant to :

#1. Eliminate a culture of torts where lawsuits exist only to provide a means of wealth transfer to the legal class. Meaningful tort reform would ensure that the wronged party was fairly compensated - without a 33% haircut for a contingency fee, or a class action that nets millions for counsel but a 'coupon' for discounts on future services from a bankrupt service provider. Please. The goddess Justice has put down her scales, is peeking out of the bottom of her blindfold, and has a great big grin on her face while she smokes a blunt. The rule of law is rapidly becoming the tyrrany of the legal class, where morality is irrelevant and the only thing that matters is, 'is it legal?'.

#2. Eliminate crony capitalism where the corporations that have the greatest resources can purchase politicians.

Think back to your father's time. How many times a year did they consult someone in the legal profession. How many times a year do you?

 

[nutmeg]

"Think back to your father's time. How many times a year did they consult someone in the legal profession. How many times a year do you?"

______________________________________

Good post. The same statement is true of the insurance industry.

 

[Champion]

Quote from libertad:

The most important issues regarding US economics have to do with productivity.
...............................................................................................
In order to enhance productivity, these items have to be addressed.

The elimination of legal largesse that will promote small business.

The elimination of the IRS to be replaced with a sole consumption tax.

Energy development that does away with oil needs.

Increased usage of the Internet in education and government.

..

Quote from nutmeg:

Galt.


"The only proper purpose of government is to protect rights; a government's only proper functions are: the police; the armed forces; and the courts, to settle disputes by objective law. Government must not initiate force against people.


Productive men cannot function long-range if they are subject to the capricious edicts of rulers.


In a society of trade, there is no conflict of interests among men at different levels in the pyramid of ability. The most talented people, who make new discoveries and invent new products and technologies, contribute the most to others; while those at the bottom, who are engaged in mere physical labor, benefit the most.


Producers require freedom to act on their minds, take risks, trade with others, earn and keep their profits.


In rejecting this demand as unfair, you have created instead a society of brutality and plunder, in which gangs battle for control of the government and the power to extort wealth."

Two very sensible posts to start a thread at ET. This is really something! Libertad's package is very important.But none of the presidential candidates, if President, will be implementing it because they are all conventional, without exception, and understand only the political circus in which they all perform.

 

[Bigpipn]

Quote from Champion:

Two very sensible posts to start a thread at ET. This is really something! Libertad's package is very important.But none of the presidential candidates, if President, will be implementing it because they are all conventional, without exception, and understand only the political circus in which they all perform.

It would be in each party's best interest to purposely lose the coming election. The next president will inherit a heap of problems and will undoubtedly serve only 1 term.

 

[Westward]

Quote from libertad:

The most important issues regarding US economics have to do with productivity.
...............................................................................................
In order to enhance productivity, these items have to be addressed.

The elimination of legal largesse that will promote small business.

The elimination of the IRS to be replaced with a sole consumption tax.

Energy development that does away with oil needs.

Increased usage of the Internet in education and government.

Increased usage of stocks proceeds to fund businesses, and the further enhancement of a more efficient world wide electronic internet based stock exchange.

...................................................................................................

It does not matter if the president is male, female, black, white, red, yellow, what matters is that this happens.
.....................................................................................................

Otherwise , just expect more of the same.

The U.S. is the most productive country in the world. I agree it is important to increase productivity.

The most important issue for the next president is to level the playing field and start to manage our trade imbalances..notably China. They are the devil and the general public of this country is too stupid to see it.

I would love to see China fall into a deep, deep recession. They're dependent on these outrageous growth rates just to keep people from tearing the leadership to shreds.

I don't think Vietnam is looking to build aircraft carriers like the antfarm across the pond.

 

[drsteph]

Quote from Westward:

The U.S. is the most productive country in the world. I agree it is important to increase productivity.

The most important issue for the next president is to level the playing field and start to manage our trade imbalances..notably China. They are the devil and the general public of this country is too stupid to see it.

I would love to see China fall into a deep, deep recession. They're dependent on these outrageous growth rates just to keep people from tearing the leadership to shreds.

I don't think Vietnam is looking to build aircraft carriers like the antfarm across the pond.

Think about that statement a little... once the chinese people start tearing the leadership to shreds, who will take over?

Might not be so good for us.

Do you begin to see why the egregious offenses of the chinese via their currency are tolerated?