Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

The wealthy believe in socializing debt, not wealth

Discussions about the economic and financial ramifications of PEAK OIL

The wealthy believe in socializing debt, not wealth

Unread postby seahorse » Thu 25 Sep 2008, 08:56:39

Isn't it funny how capitalism, meaning, one can fail, only applies to the little guy. In fact, the big boys passed bankruptcy reform a few years ago to make it harder for an individual to discharge their debts.

But, when it comes to the big boys in life, socializing their debt is somehow in the best interest of capitalism. Its obvious with this soon to be government bailout of the world's wealthiest, that the rules of capitalism don't apply to them. The Warren Buffets, Bill Gross', and Jack Welch's in life will never have to worry about failing, the gov't won't allow it because somehow, its better for the little guy if the few wealthies maintain their position at the top of "capitalism." How can any of the rest of us ever hope to rise to the top and share in the wealth, if the Buffets refuse to move out of the way?

So, why not socialize wealth? Any hint at socializing wealth is attacked harshly. Look at how Paulson fought so hard against penalizing worthless CEOs who bankrupted their companies and need tax dollars to bail them out.

The Indians recently clubbed a CEO to death. It seems to be the only answer. Self-defense is always justified.
User avatar
seahorse
Expert
Expert
 
Posts: 2275
Joined: Fri 15 Oct 2004, 03:00:00
Location: Arkansas

Re: The wealthy believe in socializing debt, not wealth

Unread postby yesplease » Thu 25 Sep 2008, 09:24:09

Old news, nothing to see here, move along. ;)

But part of the problem here is that the capitalist companies have figured out that the best way to do their job is to privatize profit, but socialize risk.
Professor Membrane wrote: Not now son, I'm making ... TOAST!
User avatar
yesplease
Intermediate Crude
Intermediate Crude
 
Posts: 3765
Joined: Tue 03 Oct 2006, 03:00:00

Re: The wealthy believe in socializing debt, not wealth

Unread postby vision-master » Thu 25 Sep 2008, 09:45:27

But they create jobs for all us schmucks. :razz:
vision-master
 

Re: The wealthy believe in socializing debt, not wealth

Unread postby Byron100 » Thu 25 Sep 2008, 10:03:46

vision-master wrote:But they create jobs for all us schmucks. :razz:


Yeah, and then they fire us...LOL.

I've said it for ages, and I'll keep saying it until the cows come home: WE DO NOT NEED THE RICH.

There's nothing more I'd like to see is to see a vast, inescapable pit filled with 5000 very hungry crocodiles, with a plank extending over the edge of it. Feeding times would be two times a day, broadcast on nationwide TV. The crocs, as hungry as they are, will be getting the "richest" meat first, working down from there.

:twisted: :razz: :o :twisted:
Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth!
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA

Re: The wealthy believe in socializing debt, not wealth

Unread postby AlexdeLarge » Thu 25 Sep 2008, 10:27:04

Byron100 wrote: WE DO NOT NEED THE RICH.


Your right ! What we need is more poor!! And then all we need is the party bosses to tell us what to do and everything will be perfect.

Long live the proletariat........
Viddy well, little brother. Viddy well.
User avatar
AlexdeLarge
Heavy Crude
Heavy Crude
 
Posts: 1806
Joined: Tue 20 May 2008, 03:00:00
Location: I have a whole ward

Re: The wealthy believe in socializing debt, not wealth

Unread postby Byron100 » Thu 25 Sep 2008, 10:49:29

AlexdeLarge wrote:
Byron100 wrote: WE DO NOT NEED THE RICH.


Your right ! What we need is more poor!! And then all we need is the party bosses to tell us what to do and everything will be perfect.

Long live the proletariat........


You've heard what happened in India, right? In times of severe depression, being a richie just isn't going to be fun. And with America being like it is, any so-called "bosses" that might come about will be led to that vast crocodile pit as well...can't let those buggers starve, can we?

Although it's just starting, the backlash against the rich and powerful will eventually grow into an unstoppable tsunami which will crush the elite class into oblivion. Envy, anger and hatred will be the dominant emotions of the day, and it'll spread across the entire population. The resultant horror unleashed by the disenfranchised middle class will be something to behold, indeed.

Those who have the "goods" had better start running, and quickly, too. Time is running short...
Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth!
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA

Re: The wealthy believe in socializing debt, not wealth

Unread postby allenwrench » Thu 25 Sep 2008, 10:53:49

seahorse wrote:Isn't it funny how capitalism, meaning, one can fail, only applies to the little guy. In fact, the big boys passed bankruptcy reform a few years ago to make it harder for an individual to discharge their debts.

But, when it comes to the big boys in life, socializing their debt is somehow in the best interest of capitalism. Its obvious with this soon to be government bailout of the world's wealthiest, that the rules of capitalism don't apply to them. The Warren Buffets, Bill Gross', and Jack Welch's in life will never have to worry about failing, the gov't won't allow it because somehow, its better for the little guy if the few wealthies maintain their position at the top of "capitalism." How can any of the rest of us ever hope to rise to the top and share in the wealth, if the Buffets refuse to move out of the way?

So, why not socialize wealth? Any hint at socializing wealth is attacked harshly. Look at how Paulson fought so hard against penalizing worthless CEOs who bankrupted their companies and need tax dollars to bail them out.

The Indians recently clubbed a CEO to death. It seems to be the only answer. Self-defense is always justified.


A snip from my earlier post goes into some detail on this subject.

"...we must be careful about what we are revolting against, as what we replace it with may be worse than what we have destroyed, so keep that in mind.

If and when America is ready for a revolt over the travesty of American political system, all you have to do is to follow the lead of our politicians and DO NOTHING.

America can be shut down by the citizens - just by doing nothing and go on strike.

When it comes down to it, we are dependent on strong government to keep the invading armies at bay. But everyday life is NOT dependent on the politicians flapping their jaws and blowing hot air out their ass.

What we are dependent on is each other and our cooperation at making life livable from the lowest shit shoveler and up the ladder to the highest doctor or airline pilot.

But coming back to reality the citizens of the US of A are...IMPOTENT and COWARDS. They will do nothing but keep taking it in the rear from their beloved political deities."
User avatar
allenwrench
Tar Sands
Tar Sands
 
Posts: 862
Joined: Wed 23 Apr 2008, 03:00:00

Re: The wealthy believe in socializing debt, not wealth

Unread postby AlexdeLarge » Thu 25 Sep 2008, 10:55:05

Chavez agrees you !

Socialism the only answer

Our workers paradise awaits us !! Think of the fun we will all have down on the collective!
Viddy well, little brother. Viddy well.
User avatar
AlexdeLarge
Heavy Crude
Heavy Crude
 
Posts: 1806
Joined: Tue 20 May 2008, 03:00:00
Location: I have a whole ward

Re: The wealthy believe in socializing debt, not wealth

Unread postby Bas » Thu 25 Sep 2008, 11:02:39

it's the top 1% that I have a problem with, and that are set to profit from it, like buffet, who ofcourse had an information advantage that comes with the kind of money he has and was out of banking stocks before there even was so much a hint of a problem.

It's that top 1% multimillionairs that they need to tax much more heavily as they profit the most from our current system and infrastructure; they reap all the benefits, the cream of the crop of which we as a society have sown together, while the rest of us are left with very little to nothing to ever enable us to get that far ahead, or even enough time to really contemplate what's wrong with this system.

Surely taxing the rich much more heavily won't make the rest of us rich, but just a little more can make a huge difference to someone who has very little to begin with, especially in the lean times that are ahead of us in which a more social system may indeed mean the difference between life and death.

:)
Bas
 

Re: The wealthy believe in socializing debt, not wealth

Unread postby Bas » Thu 25 Sep 2008, 11:07:04

AlexdeLarge wrote:Chavez agrees you !

Socialism the only answer

Our workers paradise awaits us !! Think of the fun we will all have down on the collective!


if you don't have anything worthwile to post (aside from theatrics), something that contributes to the debate, an original thought even, then why do you?.....post that is.
Bas
 

Re: The wealthy believe in socializing debt, not wealth

Unread postby AlexdeLarge » Thu 25 Sep 2008, 11:15:21

Bas wrote:
AlexdeLarge wrote:Chavez agrees you !

Socialism the only answer

Our workers paradise awaits us !! Think of the fun we will all have down on the collective!


if you don't have anything worthwile to post, something that contributes to the debate, an original thought even, the why do you?.....post.


The debate is between the perils of capitalism vs. the benefits of socialism. Right? The chevez article says socialism is the answer. The class warfare debate and the evils of the rich has been used in all marxist/socialist talking points. The lingo is straight from Lenin.

The relevance is that it has been tried and has failed. You substitute one set of elite with another. If you believe in socialism, it is your right. But in my humble opinion, it is not a solution to the average Joes lot in life.
Viddy well, little brother. Viddy well.
User avatar
AlexdeLarge
Heavy Crude
Heavy Crude
 
Posts: 1806
Joined: Tue 20 May 2008, 03:00:00
Location: I have a whole ward

Re: The wealthy believe in socializing debt, not wealth

Unread postby Chuckmak » Thu 25 Sep 2008, 11:22:33

He's never posted anything that contributes to much on this site.
"if god doesn't exist, it is necessary that we invent him" - Voltaire

"they say prescott bush funded hitler" - Nas

Image
Chuckmak
Heavy Crude
Heavy Crude
 
Posts: 1000
Joined: Sat 19 Mar 2005, 04:00:00
Location: Bridge City

Re: The wealthy believe in socializing debt, not wealth

Unread postby AlexdeLarge » Thu 25 Sep 2008, 11:28:24

Chuckmak wrote:He's never posted anything that contributes to much on this site.


Us neocon trolls never do!
Viddy well, little brother. Viddy well.
User avatar
AlexdeLarge
Heavy Crude
Heavy Crude
 
Posts: 1806
Joined: Tue 20 May 2008, 03:00:00
Location: I have a whole ward

Re: The wealthy believe in socializing debt, not wealth

Unread postby seahorse2 » Thu 25 Sep 2008, 11:44:53

Bas,

I agree, its the top 1% I have a problem with. I have a problem with the Hank Greenbergs and Jack Welches parading on t.v. trying to scare Americans that this is a necessary for the taxpayer to bail out their failing companies, when its not.
User avatar
seahorse2
Expert
Expert
 
Posts: 2042
Joined: Mon 18 Oct 2004, 03:00:00

Re: The wealthy believe in socializing debt, not wealth

Unread postby vision-master » Thu 25 Sep 2008, 11:53:26

AlexdeLarge wrote:
Chuckmak wrote:He's never posted anything that contributes to much on this site.


Us neocon trolls never do!


Are you a Zionist?
vision-master
 

Re: The wealthy believe in socializing debt, not wealth

Unread postby AlexdeLarge » Thu 25 Sep 2008, 13:13:55

vision-master wrote:
AlexdeLarge wrote:
Chuckmak wrote:He's never posted anything that contributes to much on this site.


Us neocon trolls never do!


Are you a Zionist?


Nope.....even worse. Methodist! LOL
Viddy well, little brother. Viddy well.
User avatar
AlexdeLarge
Heavy Crude
Heavy Crude
 
Posts: 1806
Joined: Tue 20 May 2008, 03:00:00
Location: I have a whole ward

Re: The wealthy believe in socializing debt, not wealth

Unread postby Byron100 » Thu 25 Sep 2008, 13:22:35

AlexdeLarge wrote:
Bas wrote:
AlexdeLarge wrote:Chavez agrees you !

Socialism the only answer

Our workers paradise awaits us !! Think of the fun we will all have down on the collective!


if you don't have anything worthwile to post, something that contributes to the debate, an original thought even, the why do you?.....post.


The debate is between the perils of capitalism vs. the benefits of socialism. Right? The chevez article says socialism is the answer. The class warfare debate and the evils of the rich has been used in all marxist/socialist talking points. The lingo is straight from Lenin.

The relevance is that it has been tried and has failed. You substitute one set of elite with another. If you believe in socialism, it is your right. But in my humble opinion, it is not a solution to the average Joes lot in life.


Who said we have to go back to the failed ways of Socialism? It obviously suffers from the same problem Capitalism does - namely that of a few exercising control over the rest of the population. It is my fervent hope that once this current crop of the elite is given the heave into my metaphorical croc pit, that people will be smart enough not to allow themselves to be controlled by others again, either be it a heavy-handed communist government or a cadre of rich bankers.

But that's prolly too much to ask of your average pea-brained human... :wink:
Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth!
User avatar
Byron100
Tar Sands
Tar Sands
 
Posts: 973
Joined: Thu 08 Sep 2005, 03:00:00
Location: Atlanta, GA

Re: The wealthy believe in socializing debt, not wealth

Unread postby Bas » Thu 25 Sep 2008, 13:35:19

AlexdeLarge wrote:
Nope.....even worse. Methodist! LOL



23 And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the kingdom of God! 24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God!
Bas
 

Re: The wealthy believe in socializing debt, not wealth

Unread postby nobodypanic » Thu 25 Sep 2008, 13:47:32

AlexdeLarge wrote:
Bas wrote:
AlexdeLarge wrote:Chavez agrees you !

Socialism the only answer

Our workers paradise awaits us !! Think of the fun we will all have down on the collective!


if you don't have anything worthwile to post, something that contributes to the debate, an original thought even, the why do you?.....post.


The debate is between the perils of capitalism vs. the benefits of socialism. Right? The chevez article says socialism is the answer. The class warfare debate and the evils of the rich has been used in all marxist/socialist talking points. The lingo is straight from Lenin.

The relevance is that it has been tried and has failed. You substitute one set of elite with another. If you believe in socialism, it is your right. But in my humble opinion, it is not a solution to the average Joes lot in life.

apparently so has capitalism. see: current situation. :P

why is it 'class warfare' when the little guy finally starts to see that he has been and is being exploited and used and gets pissed about it, but never is it 'class warfare' when the guys on top do that exploitation and rape of the little guys underneath?
User avatar
nobodypanic
Heavy Crude
Heavy Crude
 
Posts: 1103
Joined: Mon 02 Jun 2008, 03:00:00

Re: The wealthy believe in socializing debt, not wealth

Unread postby AlexdeLarge » Thu 25 Sep 2008, 15:05:13

nobodypanic wrote:
why is it 'class warfare' when the little guy finally starts to see that he has been and is being exploited and used and gets pissed about it, but never is it 'class warfare' when the guys on top do that exploitation and rape of the little guys underneath?


It's class warfare irregardless of which perspective you look at it from. The Have's vs. Have nots............a rivalry as old as time. The little guy always gets the short end of the stick. It's just the way it is. ....It's the way it will always be.

I prefer a system that does not lock you into a class......but allows for hard work, intellect and maybe luck to propel you to another station.
Viddy well, little brother. Viddy well.
User avatar
AlexdeLarge
Heavy Crude
Heavy Crude
 
Posts: 1806
Joined: Tue 20 May 2008, 03:00:00
Location: I have a whole ward

Next

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 14 guests