Reply to What the Wall Street Protesters Want

Forum Index » Political Discussion

Reply to "What the Wall Street Protesters Want"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=TheManWithAUsername][quote=Anonymous][quote=TheManWithAUsername][b]The other strong theme, though, is health care. If we had had universal healthcare and real banking regulation, we wouldn't have had either of these angry movements.[/b][/quote]

Not true.  We'd be Greece and protesting in the streets because we couldn't afford all of the regulation and handouts.[/quote]
You must be the "tax the indigent" person; I hope there are not two as dumb as you here.

We're twice as rich per capita as Greece. Twice.

And the absence of better banking regulation caused this crisis, therefore cost us money, so there's nothing to "afford." I can't believe that I actually had to state that.[/quote]

You're not making any sense.  Greece has overly generous union rules for public employees, overly generous pension requirements and a population that expects to work a short work week while being guaranteed a job for life.    If the US continues to expand the welfare and entitlement state, we'll be in the same situation as Greece -- a nation unable to "afford" the benefits it has promised its citizens because the rich, on whom the system relied too heavily to pay taxes, left the country.  Which also gets at why the US is "twice as rich per capita as Greece. Twice."  None of this (over promising entitlements) would be solved by banking regulation.  That has to do with economic lubrication through capital liquidity and reserving requirements.  Sheesh.  I can't believe I that I actually had to state that.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics