In Reply to: You are welcome. (;-) posted by Teresa on December 15, 2012 at 21:33:43:
I have read that if all workers in the world were employed in productive jobs then every person in the world could live in abundance like only the rich do now and not one person on the face of the Earth would go hungry.
As I was reading that I was wondering if you had read Sir Thomas More's "Utopia". Then I saw your link and figured that you had. :)
In my life I have come to believe that us "have nots" are best served by big government. We need big government to protect us from a far greater evil, big business. However, I am not a believer in that the government has to provide everything for the people. I see the government regulating business to take care of the people. That is the government I remember from FDR until Reagan.
High top tax rates and regulations discouraged unbridled greed and corruption. The wealthy said "F U" to the government's taxes, and instead gave the excess money to their employees in the form of pensions, benefits (health care and others) and pay. Once the government told the wealthy that they no longer needed to pay taxes, the wealthy turned around and said "F U" to their employees and took everything away.
High taxes and regulations are needed no so much to raise government revenue, because the wealthy will never pay, but to discourage greed from running to dangerously high levels, like today. Greed levels so high that they endanger the entire economic system (see Banks too big to fail). Remember, it was the Republican party that slashed tax rates that led to the roaring 20's and it's inevitable collapse. Here we are again re-living Groundhogs Day.
So I don't want our government to handle all of the problems created by greed gone wild. I want our government to go back to harnessing unbridled greed, like in the 50's, 60's and 70's.
~Those who cannot remember the past are condemned to repeat it. ~ George Santayana
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Follow Ups
- Interesting read, though I don't know that I am in total agreement. - Justlisten2 12/16/1212:05:32 12/16/12 (0)