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Capital On Strike

Discussion in 'U.S. Politics' started by Depeche Toad, Mar 4, 2009.

  1. Depeche Toad

    Depeche Toad New Member

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    This is a great op ed piece. See if those of you with your heads up your asses about executive pay can follow along.

    http://www.ibdeditorials.com/IBDArticles.aspx?id=320892987513114

    In the three months since the election, the broadest measure of the stock market's value, the Wilshire 5000 Index, has plunged more than 30%, slicing over $3 trillion from Americans' wealth. Investors have walked away from investing, while businesses shut down factories and offices and slash jobs.

    This is both highly significant and dangerous. Capital, bluntly put, has gone on strike. Those who own wealth are pushing it to the sidelines, as a young and inexperienced president tries to jam through the most sweeping economic changes in over 70 years.

    The prospect of these changes becoming law has already radically altered our nation's economy. Entrepreneurs and CEOs who once created new products, new services, jobs and trillions in wealth for America's workers and retirees now find themselves vilified and punished for their success.

    ABC News reported this week that many upper-income taxpayers already are planning to cut back on work and investments to stay under $250,000 in income — the point where Obama's punitive taxes kick in. No one wins from this, yet Obama seems oblivious.

    This isn't the only warning sign. A new study asserts that some 100,000 highly educated, well-trained Indians now living in the U.S. will return home in the next few years. Ditto China.

    Immigrant entrepreneurs are highly sensitive bellwethers of economic and social conditions. They know where the opportunities are — and where they aren't. They're voting with their feet.

     
  2. Andy

    Andy Well-Known Member

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    Once again, who's going to pay for the $1 Trillion spent? Not the rich. Clearly they are already planning to hide their incomes. Which of course is obvious. Wouldn't you? Sure. We already do that.

    So who's going to pay for all this blown money? You all are! Taxes are going to go up. They have to, in order to pay for all this!
     
  3. Depeche Toad

    Depeche Toad New Member

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    The free market is shutting down now, and taking 30% of people's investments and tens of thousands of jobs every week with it.

    You redistributionsists have to be careful what you wish for.
     
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