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My point was really not if Clinton made his money while in office or after in office. My point was if he is a believer in these types of policies and class ware fare why does he put his money where his mouth is and give most of his fortune to the government.
You can't relabel re-distribution as nation building. Do you really believe giving the government more money will equal a larger middle class and better standard of living for all? The US government is one of the most inefficient money wasters of all time. The middle class was not built by the government and it is not the governments job to redistribute money.
So you are saying what Hugo Chavez is doing in Venezuela is justified? That we can't blame him for trying?
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Can you help answer these questions from other members on NexusFi?
@monpere I have no problem with the way Clinton spends his money. But I 100% stand by my statement. You may not like my statement but calling it useless is not productive.
These guys talk like they want to help the poor but live like kings. I have no problem with someone living like a king. But if going to live like a king don't act like you really care for the poor. At least give your daughter a 1 million wedding and give the other 4 million to help someone. If you really care for the poor and believe government is the answer then make a massive investment with your own money into the government treasury. Show me that you believe what you are saying. Don't just use the poor to get votes while driving around in your Maserati. What I hate is the double speak and double standard which is the point of what I said..
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
You should the report that the Washington Examiner ran recently on Obama - while I don't think it's the best instance of investigative journalism (a number of the issues they highlight are fairly irrelevant), there is a great section on the millions that are made by politically connected insiders who become involved in community revitalization projects, at least here in Chicago.
Is Clinton running? Is giving an extra point or two on your taxes giving most of your fortune to the government?
The rich got bailed out on a scale the world has never seen, 'THE LAREGEST WEALTH REDISTRIBUTION IN HISTORY'. These uncapitalist and non-free market policies that run counter to everything the free market stands for. This is extreme right wing socialism on the Chavez scale. S
ome degree of rebalancing is needed, even the Goldmans recognize that. It's time to give back a bit of what was taken and to be a team player and to face up to the tax debt. An extra point or two is really going to change the life of the elites while they get inflated to the moon by the actions of their congress's coffers and the Fed?
America is in crisis, I think people need to start thinking a bit more like team players to get through it.
Hugo Chavez is an extreme example.. raising taxes some on the wealthy to alleviate some of the deficit does not make us Hugo Chavez.. Nobody is arguing with the inefficiencies of governments but cutting social services in lieu of raising taxes on the rich during recessionary times don't make sense and it also don't make sense during economic boom times.. THOUGH during boom times is the right time to aggressively cut back on those programs and you'll more likely hit the lazy for not working and gaming the system..
Its stupid for Clinton to give his $$ to government but it would also be stupid for government to cut social programs in lieu of taxing the rich unless they have a good reason to.. They say it helps the economy but I don't buy it because demand is what enhance the economy.. The demand from the wealthy will always be stable, while the demand of the mass is what drives the economy.. Baby boomers spending in the economy as well as exporting our goods is what drove the US economy into the world's richest and hence most powerful nation.. It was the perfect storm after ww2 for the US to ascend but we're dealing with a different landscape now.. We have to somehow find a way to rebuild out middle class and it will be much harder this time.. If not, the US as we know it will recede from its past..
Syxforex, do you really believe that if JP Morgan, Citigroup and Washington Mutual were allowed to collapse, that the RICH would be the only people who would suffer? Really?
Also, the last time I checked, the vast majority of money lent to the big banks has been paid back .... so, ummm, in terms of it being the "biggest wealth redistribution in history", I think you need to check your facts.
sysforex it is not the just the elites that are going to be taxed heavier it is the small business owner. But even that will not put a dent in the problem so next it will be the the rest of the middle class. There is a mathematical problem. Then add in that every dollar that goes into the US government a very large amount is wasted and you accomplish nothing.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Just some off the wall thought. Right around when Obama announced TARP 2 (with Nancy Pelosi beaming next to him) and making those who took a chance and voted for him feel like dupes again, I thought it would be funny if the fed. government instead of Bush's TARP1 and Obama's TARP2 payoff to the banksters, instead wrote 1 million dollar checks to each and every household/or ss# in the U.S. It would probably be still majorly screwed up in the end, but I kept thinking now that would be some real stimulus! An injection of real party time to Americans on a crazy high the world has never seen! But nope, the globalists wouldn't even let the masses have fun while the lights go out.
Well, I know, the US government makes us Canadian look like Libertarians... But's it's one heck of a big machine... I'm all for savings, but the rich have got to pay up for what they've taken from the system at the expense of the taxpayers, and that debt has to be grappled with now, not next year, now... going to hurt... And nobody that understands the new world order really believes that giving the 1% a tax break so they can invest in the next great emerging market and make themselves ever richer is the right way forward.
@Jedi I don't think all social services have to be cut. But we have a spending problem largely do to waste and programs that don't work. The system is broken and throwing more money at it will not fix it. I agree Hugo Chavez is an extreme example.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."