Survival of the fittest billionaires (Politics)

by George Jelliss ⌂ @, Crewe, Tuesday, December 07, 2010, 11:40 (4222 days ago)

I just thought this video might stir up a few comments:- Bernie Sanders' Amazing Speech.-80% of all new income goes to the top 1%-Whatever happened to trickle-down economics?


Survival of the fittest billionaires

by David Turell @, Tuesday, December 07, 2010, 14:19 (4222 days ago) @ George Jelliss

I just thought this video might stir up a few comments:
> Senator Bernie Sanders' Amazing Speech.
> 80% of all new income goes to the top 1%
> Whatever happened to trickle-down economics?-Sanders is an avowed socialist. His speech was covered here. The major reason for the USA current difficulties was a governmetal program that 'everyone' should be able to have their own house, whether they could afford it or not. The sub-prime mortgage mess is still not solved. It started in the Carter administration and was continued from then on, by all administrations. Bush II issued warnings to the Congress in 2007, but the Dems controlled both Houses, and wouldn't listen. The Wall Street gang invented derivative bonds to cover the unsecured mortgage loans. That covered their butts, but lost the normal attributal trail of 'who owned what' in a society that holds property and has recorded deeds to that real property.-Trickle-down economic policy is the opposite of Keynesian policy. In the US less taxation has always produced economic growth, while high tax accompanied by high government spending approaches have not. The historical statistics are there to see. The US was crawling out of the 1929 depression until 1937. Roosevelt raised taxes, and the economy stagnated, until WWII bailed it out.

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