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The evils of socialism
Boner Oiler wrote
at 6:39 PM, Tuesday July 5, 2011 EDT

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wishbone wrote
at 8:18 AM, Thursday July 7, 2011 EDT
sorry didn't read all the arguments, but I did have one thing from page one, GB what is the federal sales tax level?
Thraxle wrote
at 8:36 AM, Thursday July 7, 2011 EDT
Most investments gain, over time. Simple inflation alone gains steadily over time.
Boner Oiler wrote
at 1:07 PM, Thursday July 7, 2011 EDT
We're obviously referring to speculation on commodities like gold, silver and oil. The prices of these things, especially oil would be far more reasonable were it not for speculators artificially driving up their price. Oil should be less than a dollar a gallon. Ultimately the point is any money made or lost on speculation is money that someone worked for. In the case of financial instututions like bank of America, if they lose it's your money. If they win it's some other sucker who had to pay an artificially high price with money that ultimately was made actually working/producing something.

I see no difference between scalping and speculation on goods like food, oil and gold. Did you not read about that UN study that concluded the world shortage of food is a function of speculation? They're scalping food now and selling it at artificially high prices to third world countries. That's deplorable, and middlemen making money off food because they have the capital to buy it up isn't the "free market" it's bullshit. Well maybe it is the free market in which case maybe we can finally recognize how unjust and morally deplorable our current system really is. I imagine that in 100 years humanity will look back on us as heartless for such financial institutions, much the same way we view factory owners from 100 years ago who hired children.
Boner Oiler wrote
at 1:08 PM, Thursday July 7, 2011 EDT
Sent from my phone so I didn't proof read shit
MadHat_Sam wrote
at 1:18 PM, Thursday July 7, 2011 EDT
Capitalism is inherently amoral and I don't have a problem with it being that way. People and consumers can drive the morality of the economy if they want, the current Dodgers fan boycott because of a deplorable owner is a current example.

The problem is when the risks of doing business is removed and speculators can drive markets without fear of losing.
deadcode wrote
at 2:17 PM, Thursday July 7, 2011 EDT
Obama proposes a change to how inflation is calculated to avoid it from showing that prices are rising to fast!

http://www.bloomberg.com/news/2011-07-07/social-security-cuts-weighed-by-lawmakers-under-change-in-inflation-gauge.html

Anyone watching the REAL game being played will recognize this as very very important and telling news.
Boner Oiler wrote
at 3:41 PM, Thursday July 7, 2011 EDT
I love how dead just dodges the issue at hand and tries to change the subject when he can't think of any response. Happens more times than you can count.
gfg_Jigglypuff wrote
at 5:58 PM, Thursday July 7, 2011 EDT

"When President Bill Clinton raised taxes in 1993, the unemployment rate dropped, from 6.9 to 6.1 percent, and kept falling each of the next seven years. When President Bush cut taxes in 2001, the unemployment rate rose, from 4.7 to 5.8 percent, then drifted to 6 percent last year when taxes were cut again. "


Boner Oiler wrote
at 3:58 AM, Friday July 8, 2011 EDT
Don't worry my pokemon friend, people like deadcode are impervious to hard facts. You need not even try.
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