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There was an old joke about the six old men who met for coffee each morning. The bill was like $6. One guy chipped in $3, four guys chipped in $.75 and the two poorest got their coffee free. Things went well until the dinner owner cut the bill to $5 because they were 7 day a week customers. The one guy chipped in $2.40, and four guys chipped in $.65 and the other two got their coffee free.
They got in a fight because the one guy got by with $.60 savings, while the others only saved a dime, and the two guys saved nothing, and they beat up on the rich guy.
He quit coming to coffee. They could not afford to have coffee anymore. I have the numbers all wrong but the idea is the same.....
The reason that socialist-democracy (wealth re-distribution via taxes by government) will not and cannot survive "forever" is because the rich will leave (and they are the only ones who can afford to). The remaining folks, who have voted themselves "booty" from the government treasury, will not be able to pay and the system will collapse. There will always be poor countries who would love to have the jobs created by businesses, and they will do all they can with tax incentives for the businesses, in order to get the jobs. Not at all unlike tax incentives that cities give when trying to "steal" a business from the town they are currently in. (IE the move of Boeing from Seattle to Chicago), or Microsoft to Ireland and to China, or of GM to Canada and Mexico. (GM has more production employees in Canada than in the US, and soon will have more in Mexico than in the US. In the long term a GM will be an "import". Why? Not greed my friends, but TO SURVIVE!!!!
Just my opinion.
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I don't always talk to liberal arts grads, but when I do, I tell them Big Mac and small fries!
1974 911 RUF Clone ('85 3.2; '86 915)
1974 914 ('87 3.2L & 915 transaxle)
2005 Boxster (Base car) Guards Red.
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