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June 2, 2011 |
In: Awesome, High-Res, Photography
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Well, at least we were still creating wealth. Having the federal government compel the shuffling around of wealth, based on whoever they deem is in need that day will drain that wealth and expand those dependent on gov't for more and more. Eventually that golden goose is going to run out of eggs.
We were shifting wealth UP. We have increased the power distance between the poor and wealthy and dismantled the middle class. The Bush Tax Cuts that we borrowed money with interest from China to pay to the Wealthy is why we are currently in such financial trouble.
Adam Smith, 'Modern Father of Economics' Author of An Inquiry into the Wealth of Nations, which our entire capitalist economy is based off: Most important tax maxim to sustain capitalism was to stress the importance of progressive taxation in order to balance the inequality and between the wealthy and the elite. Starting with 'Reaganomics', we reversed course, and during President Bush Jr. we took it to the extreme which is why we are where we were circa 1930's.
Reagan was a great speaker, but his policies set us on the path we are today.
No doubt the tax code is a huge mess! And yes, it does effect all classes. It's important to note that now, about half the people in this country pay NO federal income tax. And of those a good chunk actually get someone else's money given to them when they file.
He was a great speaker. He inspired us to believe in ourselves, and realize that we all are individually powerful and responsible for ourselves, our families, and our communities. That gov't's job was to protect our rights, not provide for our needs and wants by taking them by force from someone else. He understood that individual liberty gives us all the ability to excel. That liberty has much responsibility attached. But it's worth it.
#39 Who is this….Need to see more….
I thought you wanted to find that Sony center
the Chive promotes safe waterfall chiveing
N°1 is most precisely from Huayna Picchu…
#28 Belgium, hell yeah !!
Chive on From Lubbock, Tx
The only place you can stand knee deep in mud and the wind still blow dirt in your face.
I've lived in Lubbock for 50 years. Never happened to me…
On a different note, at least one very Chive worthy girl works at this location.
Haha, there was no dramatic economic boom. There was a corporate tax increase and increased government spending which caused a bubble of growth before the 1984 election, but it didn't last. Reagan increased the nation debt by 20.6% (before GWB that was the largest increase in debt ever.)
There was also the Roaring '20's right before the Great Depression. Artificial booms, followed by busts. Nothing new.
The gov't spending went in large part toward defense which is an enumerated power of the federal gov't. True, it was deficit spending, but at the very least, it could be considered constitutional.
Our current trend in dramatically more gov't spending and debt is not. That money should remain in the peoples' hands who earn it, and they should decide how best to spend it.
People can, but corporations are much more dangerous than governments. Read your history on what was happening in the 1920's: deregulation of markets, deregulation of banks, cutting taxes for the wealthy, etc, and you will see exactly why the great depression and great recession occurred.
"There is an evil which ought to be guarded against in the indefinite accumulation of property from the capacity of holding it in perpetuity by…corporations. The power of all corporations ought to be limited in this respect. The growing wealth acquired by them never fails to be a source of abuses."
- James Madison (Father of the Constitution)
"As we view the achievements of aggregated capital, we discover the existence of trusts, combinations, and monopolies, while the citizen is struggling far in the rear or is trampled to death beneath an iron heel. Corporations, which should be the carefully restrained creatures of the law and the servants of the people, are fast becoming the people's masters."
- Grover Cleveland
Corporation provide the jobs and everything that you use and touch all day. Deregulation can be bad, when we the people shirk our individual responsibility to watch out for ourselves a little. When you choose to buy something or not, you send a powerful message to any corporation, and the beauty is that it didn't take a gov't law to send that message. It's a much more efficient, cost effective, and healthy way to deal with problems.
Can corps be abusive? Surely. But they don't have the power to imprison you. Or take your property or wealth. Gov't does. And it is much harder and takes much longer to change a law than it does a corporate policy. We must be conscientious consumers and citizens. Apathy is our worst enemy.
#38 Rock chalk!
#5 That DirectTV blimp flew over my head saturday afternoon, thought to myself how cool it was..now i know for a fact it was cool, there was a Chiver inside!
Thanks for posting my pic #2. Be nice to your lunch lady kids!
isnt that Engarish #6
#56 we need a UK chivers meet up, I work just around the corner from there
So many awesome pictures here!!!
#2 – That looks good!
#4 – Small town? XD
#46 Chive on from the lairs of Romulus?
#12 Don't you mean Palestine?
This is definitely Israel, within internationally accepted borders, within the green line. Or do you think Israel should cease to exist completely? Don't provoke incitement when unnecessary. There is enough hatred anyway.
Whoever is from pittsburgh im just south of ya
#55 Well, Hello there. Oh, Yes, nice to read you too
Right back atcha!
Adda boy stem! #25! looks like I’m next. My gun is better
Too bad they can't spell UNIVERSITY!
#38 Really, Kansas? Really? It's graduation and you can't spell UNIVERSITY?!?!
Actually, it's Hout Bay in South Africa
#52, I would like my money back……
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