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Originally Posted by host
Doesn't work, dk....we'll "trickle down" into widespread unrest...... read the documentation in the OP. Are you really offering a proposal to remove existing impediments to the rich getting even richer, more quickly? Who is in the best position to immediately leverage gains from the changes that you're advocating? The lawyers and lobbyists the rich pay to write the language of regulatory "reform", <i> removing the constraints on trades and specialties.</i> Then they'll "front run" the reforms, positioning themselves for initial profitable opportunities.
You're gonna "grow" your way out of the trend? We're heading into a period of extremely deep recession, and during the boom just ended, the lowest income tax rates on the highest incomes since 1916 didn't disperse any wealth, it became even more concentrated, in their pockets and in the increase to our treasury debt burden.
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1) I said REMOVE impediments, not REFORM current hoops and loopholes. With less constraints on people to utilize their own skills and knowledge to work for themselves. It's long been known that owning and running your own business will make you more money than working for someone else, like the wealthy uppers.
2) recessions are the PERFECT time to have almost no constraints on people creating their own business and utilizing their own skills and knowledge without the government rules and regulations breathing down their neck.
You've got this perception that by taking money from the wealthy and redistributing it among the non-wealthy is going to 'fix' the inequality, but it will most certainly make it worse. As the wealthy start 'losing' money, they will start finding ways to cut their losses. You should know better than anyone that the first thing an employer is going to do is reduce their labor costs....in other words, people are going to lose their jobs. with lost jobs, comes lost ability to spend money, and now more people making less money starts the recession in high gear to depression again.
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Originally Posted by host
I predict that you will have an opportunity to use your guns to protect "what's yours"....
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history has shown violent upheaval an end result when the poor are prevented from improving their lot in life. Our current situation will be no different. Following your plan for wealth redistribution will only delay the inevitable as doing so will end up locking people in to a permanently frozen income category.