If by "spending money on the rich" you really mean spending money on the rich (e.g. wall street and bank bail out) I agree 110%. But if by spending you really mean "taking less from" it gets a lot more complicated, IMO.
I think the problem is not so much "rampant capitalism" but warped (by government rules) capitalism. In real capitalism, new competitors will enter excessively profitable markets. But we have so many constraints we create virtual monopolies for those now in the business. -----Original Message----- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Hendrik & Fay Sent: Wednesday, November 07, 2012 7:32 PM To: Mercedes Discussion List Subject: Re: [MBZ] OT Quotes with comment I can see that spending money on the poor is a problematic plan, insofar that it will not generate a lot of new jobs. However the idea that spending money on the rich will fix everything is also flawed insofar that they tend to ship jobs overseas to maximise profits. The core problem is that reasonably well paying, low skilled manufacturing jobs are not there to employ the poor, so they have to be supported with hand outs etc. Obviously we are all to blame, we wanna buy the cheap stuff. For instance the local car makers here are struggling to compete against imports, you can buy a new VW golf for round about 20k or a Suzuki for 12k if you really wanna cheap out. Opel (German version of GM) has just entered the Oz market http://www.opel-australia.com.au/vehicles/opel-range.html and Holden are less than happy about this, as they used to sell rebadged Opels. Basically we can blame rampant capitalism for all our problems. Shareholders want big fat dividends and don't care how they are achieved. For example what do you think would happen if the Apple board announced that they intend to move production of their iWhatever back to the States, with a resulting drop in profits due to higher manufacturing costs? More than likely they would get the sack for fiscal irresponsibility. They can bleat on long as they like about made in America and jobs for Americans but will it wash with the shareholders? Anyway enough ranting from me. Hendrik who is sending this from his cheap Asian manufactured computer On 08/11/12 01:01, Scott and Gwen Ritchey wrote: > "When the people find that they can vote themselves money, that will herald > the end of the republic." - Benjamin Franklin > > "A democracy is always temporary in nature; it simply cannot exist as a > permanent form of government. A democracy will continue to exist up until > the time that voters discover that they can vote themselves generous gifts > from the public treasury. From that moment on, the majority always votes > for the candidates who promise the most benefits from the public treasury, > with the result that every democracy will finally collapse due to loose > fiscal policy, which is always followed by a dictatorship" - Alexander > Tytler 1787 > > "The American Republic will endure, until politicians realize they can bribe > the people with their own money." - Alexis de Tocqueville (1805-1859) > > > > > _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
