Duffy wrote:
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You mean you agree with me? I may have to reevaluate my position!Yes.
Here's where..
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What we have now, crony capitalism, where we privatize wealth and socialize debt is actually the worst of all worlds. A "purer" version of either laissez faire capitalism...would be a big improvement over what we have now. Our system of high nominal business tax rates with extensive loopholes is basically a way for politicians on both sides of the isle to shake down corporations for campaign contributions.I have never said anything here that contradicts what you wrote above.
The Pubs and the Dems are now partnering in an economic destruction two step:
1.) Step #1: regulate critical elements of the economy so awfully that the costs skyrocket in relation to either inflation, population, or GDP growth.
2.) Step #2: once we realize that we've created the out-of-control cost monster in #1 we then socialize all those costs and make it FREE!