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304065 304065 is offline
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Join Date: Dec 2001
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No, they don't get grants. They get tax breaks. Same thing.
Wrong AGAIN! A tax break merely allows you to keep more of what you have earned through your own use of Capital and Labor! A grant is a redistribution of your conscripted income to somebody else! Are you that dedicated to the idea that individuals "owe" the government that you can't see the difference?

But since you can't cite an example I'll assume you concede the point.

WRT "trickle-down" economics, I was unaware that the theory had been repudiated. From my perspective, I see a couple hundred billion dollars of investment capital pouring into growth companies from Venture Capitalists, Private Equity Firms, Pension Plans and Mutual Funds. In fact, we are fortunate to have the largest accumulation of risk capital in the scope of human financial history, just waiting to chase new good ideas.

Where do you think that comes from? The Government? Have you ever wondered why there is no culture of small business in Japan or Germany? No climate of entrepreneurship in Old Europe? It's because, in addition to their socialist economic policies and comparatively high tax rates, they have no tradition of individual investment.

Next time you're down at the Coffee shop wearing a brown turtleneck and reading Le Monde, ask an European what stocks they own. While you're sipping a hazelnut latte and reading about how horrible Bush is in The New Republic, inquire as to how their equity portfolios are doing.

But don't be surprised if you get thrown out of the love-in, because there IS no culture of personal wealth. The barriers of "Class" that Marx so eloquently described are standing tall in those economies, because of PUNITIVE TAXES and the fundamental premise that anyone who accumulates wealth is EVIL.

In short, the concept of allowing people to retain their wealth, and limiting the role of government, is absolutely fundamental to the American way of life. And it applies equally to everyone, whether high or low born. Not bad for 200 or so years.
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Old 10-29-2004, 02:25 PM
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