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Don't confuse money with wealth. True wealth has tangible value even when economies crumble (as ours soon will). A lot of money has concentrated in the hands of the (very) rich, precisely because they've not been generating wealth. It'll eventually evaporate, much as the housing bubble burst. We need to make sure those who took the risks and reaped the rewards are the ones who feel the sting of the coming correction. My biggest beef with the bailout is that the honest taxpayers were the ones who paid for the mistakes of the speculators. It's bad policy. I do not begrudge an entrepreneur who creates wealth his money.My wife and kids are descended from indigenous people, but because of tribal racism, can't be recognized as tribe members because their blood isn't pure enough. Many natives simply assimilated into a better way of life...but that doesn't really find it's way into the history books. A white woman married a Cherokee man in 1800s Georgia and they WEREN'T ostracized! How did that happen?Being new, I don't know if you support a woman's right to choose, but there are many who do. I make a similar argument w.r.t. abortion. But sticking with economic systems, pure capitalism doesn't work. Socialism doesn't work. Communism doesn't work. The only thing that seems to work is well regulated capitalism. The question is how much regulation is enough, and how much is too much?
Don't confuse money with wealth. True wealth has tangible value even when economies crumble (as ours soon will). A lot of money has concentrated in the hands of the (very) rich, precisely because they've not been generating wealth. It'll eventually evaporate, much as the housing bubble burst. We need to make sure those who took the risks and reaped the rewards are the ones who feel the sting of the coming correction. My biggest beef with the bailout is that the honest taxpayers were the ones who paid for the mistakes of the speculators. It's bad policy. I do not begrudge an entrepreneur who creates wealth his money.
My wife and kids are descended from indigenous people, but because of tribal racism, can't be recognized as tribe members because their blood isn't pure enough. Many natives simply assimilated into a better way of life...but that doesn't really find it's way into the history books. A white woman married a Cherokee man in 1800s Georgia and they WEREN'T ostracized! How did that happen?
Being new, I don't know if you support a woman's right to choose, but there are many who do. I make a similar argument w.r.t. abortion.
But sticking with economic systems, pure capitalism doesn't work. Socialism doesn't work. Communism doesn't work. The only thing that seems to work is well regulated capitalism. The question is how much regulation is enough, and how much is too much?
