quote: By the first law of capitalism, I am the owner of my money as long as I have not given it to Microsoft or Apple (i.e. bought their products), and it will remain so until they produce a product at the right price which makes it worth buying.
quote: The age of shrinking returns has started for the few that have fixed the market for so long.
quote: The socialist solution is to erect a wall at $500.00 and enforce it with through legislation, legal action and numbing propaganda.
quote: By the way your line on what Gates and Balmer took next to their struggle to pay their employees is hilarious.
quote: distorted proclamations being made about socialism in the American media
quote: for example Obama is a socialist president or taxing the middle class more than the rich is capitalism and taxing the middle and lower classes less than the ultra rich is socialism.
quote: Also, contrary to your assertion, private ownership is not banned in socialist systems. Your version of capitalism and socialism, and what is socialism is so twisted and out of place that the discussion is always better left for another time.
quote: However, I will give you two clues. The best version of capitalism is and has always been what I offered. Socialism is about social justice.
quote: Socialism on the other hand tries to keep a grip on basic ideas that it starts off with. How much successful it will be is always up for debate, but it will never come to such deficit that capitalism will inevitably come to, and in fact has by now, either.
quote: Redistribution of wealth is in fact a tenet of communism, and socialism is typically the management model adopted by communist governments. There are exceptions, like Hong Kong, which is a communist government with a capitalist management scheme.
quote: Income is already taxed progressively in america, which means the more you make the more you pay. A percentage of your income is paid in taxes and there is no legitimate reason for this percentage to INCREASE as your income increases, especially when the government is so inept when it comes to managing the money it's taking in.
quote: Socialism in action:- Try to start your own business in broadcast radio or television. Good luck getting a license from the FCC to do so "legally". The fed owns the airwaves.- Try to start your own brand of gasoline like Exxon or Chevron...if the EPA lets you. The fed lays claim to natural resources.- Try starting your own bank...if the SEC and Federal Reserve decide to allow you. The fed manipulates our currency and banking system, ensuring that certain entities never have to face any consequences for their actions...too big to fail.The USA started down the road toward socialism sometime during the industrial revolution. Since then it has been a slow and steady erosion of capitalistic roots that inspired individual prosperity.
quote: The very idea that every individual has an OPPORTUNITY to succeed and has inalienable rights is American. No other country has the types of liberties that Americans do. The problem is the influx of parasitic losers who decided that "opportunity = entitlement". You see, everyone in America has a chance to be great but nobody is entitled to be great. America is the best country in the world by far and capitalism is what allowed it to grow into that. Our constitution provides limitations and rights to ensure that people do not get chewed up by the system...your suggestion that giving full control to the government is somehow better shows the endlessness of your ignorance. History has proven time and time again that the more powerful a government becomes the worse things get for its citizens.
quote: Redistribution of wealth happens with any system, and realistically it happens in the same direction (towards the very wealthy) regardless. Look at the stats in 'communist' China, the old USSR, or the glorious U.S. and A. The elite with influence inevitably will draw more money towards themselves. Not advocating Communism or anything, just saying look at the actual big picture. If you think that bankers, media owners, etc. don't get a better deal because they can influence policies in their favor, think again.
quote: As someone earning enough to be at the peak of taxes, let me assure you that it's NOT taxed progressively. In defining investment income differently from 'normal' (i.e. working a job) income, the tax rates are HEAVILY skewed against the highest earning workers.
quote: Hell, you currently pay less on long term capital gains than just the business+personal side of FICA. Oh, and no Social Security getting yanked out either - and THEN getting the money taxed. It's progressive right up until you are rich enough to get the laws to favor you.
quote: The masses have the sheer voting numbers to prevent having to pay taxes since politicians will pander to them (Romney's 47 percent), and the ultra-wealthy have the influence not to pay the taxes either (Romney himself as a lovely example - almost 14 percent of 20 million? Wow, I'm really impressed!).
quote: Kind of cases in point. The fact that the airwaves (or gas rights) are 'commonly owned' but essentially sold only to huge corporations is full-on capitalism, not socialism. Under socialism, we'd only have state-run radio/tv (NPR? PBS?) and some state-run gas/oil company. You can be sure that the system is currently skewed towards the media (and energy) giants who can exclude all others through government policies.
quote: "Too big to fail" is protection of private companies using public funds. That's NOT socialism, that's capitalism with influence peddling between the wealthy in the private sector and the revolving door + legal bribery to the political side.
quote: Corrupt capitalism != socialism.
quote: Really? And Sweden is worse for citizens rights because...? Australia? Do their governments monitor ALL electronic communications or something?
quote: I love nationalism and all, but don't let it blind you to the flaws of any nation.