Liberal Financiers of the World - Unite!

http://online.wsj.com/article/SB122385651698727257.html

Haha MDR, good article. What I really don't understand in all this is why nobody ever looks at other countries in the world before coming up with such non-sense crap ideas. I mean you only have to look to Europe to see that all this welfare stuff is a really, really bad idea. The article actually points out EXACTLY some of the problems that Europe is having as a result of their out-of-control welfare system. I seriously hope that the US will never become like Europe...but with Obama likely winning the election, it certainly looks that things are heading that way. Sad times ahead...
Sorry yesman...I am not an Obama fan as you can tell...but I just couldn't resist replying.

My mom and dad (not I) make over $250,000 and will pay more in taxes. When I asked my dad how he could support Obama, he said, "I will gladly do so if it means that children could get health care"
Hate to say it, but he has a point.

If all you liberal financiers believe we should spread the wealth and give more to those less fortunate than us, WHAT THE FUCK IS STOPPING YOU???

You have access to all your personal wealth. GIVE IT THE FUCK AWAY! Make a difference in this world, you'll feel better about yourself and you'll do some good for someone who needs a break. Just keep your filthy dick-beaters off of MY wallet.

It's the same problem I have with all these drug warriors. Sure, I hate drug dealers as much as the next guy. If you want to spend your life and your money chasing them down and putting them in jail, my hat's off to you. Just don't steal MY money for your pet project.

You don't have to look any further than that lowlife Biden to see the true colors of all these Do-As-I-Say-Not-As-I-Do limousine liberals. He made over $2.5 million in personal income over the past ten years a gave a whopping $3,700 of it to charity. But he'll be the first motherfucker to tell you that paying more taxes is your patriotic duty.

If the Founding Fathers were alive today, D.C. would be in ashes. It's all a moot point though. We've already fallen too far. The socialists have won and it is only a matter of time until the U.S. is another 3rd World banana republic.

The progressive income tax is a relic of the past that is grossly unfair in modern america. today, those who earn the most on average work the most- this definitely wasn't the case 20-30 years ago, and I'll be damned if im going to bust my ass week in week out so the government can take half my paycheck and use it to keep soy bean farmers' heads above water or to give some 9-5 motherfucker a handout. the government does need to get serious about fiscal policy but raising taxes on people who already pay too much isn't the answer.

between this country's weak economic outlook, cowardly and ineffectual congress, and swing towards protectionism and leftism, i can't imagine sticking around too much longer. once nancy pelosi revives smoot-hawley i'll start packing my bags.

If Obama wins, most of us won't be "financiers" for long.

I'm a lefty and have absolutely no problem with a progressive income tax. I see nothing wrong with taxing Paris Hilton more to help pay the salaries of school teachers.

I believe -

-poor people should be taxed more and if they do not pay then beat the shit out of them.
-Corporations that take "social responsibility" should be taxed heavily.
-Corporations should be allowed to fire any employee anytime without giving any reason whatsoever.
-Workers who go on strike should be taxed more.
-Farmers should be made to pay more interest on the loans they borrow.
-No citizen, in a given fiscal year, should pay an income tax that is more than 10000 times the lowest income tax paid by any citizen in that fiscal.
-All people who are rich ... should be given heavy tax discount.
-People should be allowed to marry anyone including - elephant, do, cat, camel, person with same sex, multiple other people (polygamy) etc.

And many more.

Yesman,

It would appear you are the "lone voice crying out in the wilderness". I don't see a lot of your fellow liberal financiers answering your rallying cry. Perhaps they're all doing Peace Corps work this week.

Or perhaps they don't exist.

Don't feel bad, though. At least you got a shout out in my last post:

http://www.wallstreetoasis.com/forums/early-debate-prediction-socialists...

Looking forward to further debate.

Uncle Eddie

double post

Amen. Although I'm not sure we've completely fallen too far...I can't help but wonder what would have happened if Ron Paul had run as an independent (where he could pull tons of Democratic votes...). I think I might spend the next 4 years writing to him begging for one more go at it in 2012...although it's probably naive to think that only 4 years of Obama can convince enough people that socialism doesn't work (clearly, Europe's not proof enough).

I am shocked; I have lost the battle for the soul of wall st oasis....

....but my man will be in office in < 3 mos

Edmundo my friend - let's audition together for Crossfire "From the right, from the left...."

liberal" in terms of economic policy has a somewhat different meaning- akin to capitalistic (e.g. liberal vs. social).
This term was used in politics in the past, but in the US it has become aligned with leftwing policies such as a creation of welfare state--- the exact opposite of its original meaning (and meaning to many outside the US).

thus a financier that is anything but a liberal financier would be an oxymoron.

I'm with you yesman.

I'm pretty disheartened that many of the arguments on here pretty much boil down to the rich keeping as much of their money as possible. I think it's hard for some people to understand the disadvantages that many people begin life with. The Horatio Alger story is becoming farther and farther removed from the American reality. I was lucky to have parents who were not only wealthy, but instilled a sense of hard work in me. I am perfectly honest with myself when I say that I wouldn't have gotten to an ivy league school without their motivation and other advantages given to me.

Ideally, I think everyone wants government to play as small a role in public life as possible. But this notion of privatized philanthropy is just not capable of giving the bottom half of our country the standard of life someone living in the richest country in the world should lead, with healthcare and adequate education as a bare minimum.

To those who believe this redistribution of wealth to the poorer people discourages them from working, you probably have spent little time with true working class people. There are very few people happy to live in the bottom fifth of the nation. For every "welfare queen" there are dozens of people receiving aid who actually want to work and simply aren't able to.

Well said. Add me to the list yesman and Jay Buhner are on.

One of the main reason for this phenomenon is that democracy has become a means to exploit rich and feed poor (poor means - lazy people who think that money is bad or money has nothing to do with happiness).

Rich believe that someday Govt. will come and take their money away (under the auspices of helping the poor) and that is the risk that they are trying to mitigate here.

We need perfect and absolute property rights. Which means if I own a piece of property then no govt (not even god) should have the authority to take my property away from me.
This should be perfectly guaranteed no matter what the circumstances are.

One argument that my friend extended to me was that - if you do not share your so amassed wealth then poor people will invade you and take it away someday. I said to him - you answered your own question - why rich people store wealth.