The government leeches are running out of blood to suckle. The Robin Hood theory of economics - take from the rich and give to the poor - is imploding. The so-called rich don't have much more for the government to take as they are watching their portfolios being drained daily.
Wednesday, October 8, 2008
Looting the Responsible
Government has no resources of its own, no elves working overtime to produce something of value, just promoters who espouse Santa Clause economics. It can only transfer wealth from one group to another (skimming a nominal transaction fee in the process). The current $700 $800 billion bailout (sorry, rescue) package is nothing more than a looting of the responsible and productive by the reckless and profligate. Call it reverse Darwinism, survival of the least fit. As the old economics saw goes, subsidize a certain behavior and you get more of it, tax a certain behavior and get less.
The government leeches are running out of blood to suckle. The Robin Hood theory of economics - take from the rich and give to the poor - is imploding. The so-called rich don't have much more for the government to take as they are watching their portfolios being drained daily.
The government leeches are running out of blood to suckle. The Robin Hood theory of economics - take from the rich and give to the poor - is imploding. The so-called rich don't have much more for the government to take as they are watching their portfolios being drained daily.
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