Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category
Good Reasons For Tariffs Nathan Lewis Status of the US Dollar as Global Reserve Currency:... Wolf Richter Foreign Exchange Nathan Lewis Monetary Economic Nationalism Nathan Lewis

carrierpigeon
Member since May 2012
24 commentaries - 2 followers

2 followers

has posted a comment on the article :

Herman Cain's Hidden Nine

- Peter Schiff - Euro Pacific Capital

A "rip off of impoverished people"??? Give me a break! It is imperative that we broaden the tax base in this country. The "impoverished" in this country are defined by a very loose standard. Every wage earning individual utilizes the infrastructure of this nation to have what they have. Paying their small part of their meager incomes is an element of the motivator to improve upon their lot through a broad variety of necessary individual behavioral and cultural amendments. When we have north of ten million immigrants who come to this country to escape GENUINE poverty by filling the positions that our 'impoverished' turn their noses up at, there is a great deal of room for restructuring the economy of this country outside the tight confines of what we consider to be our 'norm'. The engine of this economy is continuously tapped for more and more 'dis-impoverishing' resources - rather like driving so many power-robbing accessories off your automobile engine that it is too underpowered to move the vehicle down the road. The Holy Bible had it right when it said, 'the poor you will have with you always'. It is an absolute lack of comprehension of how economics works to think that you will ever elevate the impoverished to the point that want, and yes, NEED, will not always exist. But economics will prove over and over again that 'redistributing the wealth' of a nation from the producers to those who have 'need' will always cause collapses and necessitate structural overhaul that reinstitutes effective profit motive.
Chris K, your almost indecipherable post not-withstanding, you seem to be a fairly intelligent person. I don't think Herman Cain has put forth the Chilean Social Security model as being infallible. He has said that the Chilean model is much more sustainable than the failure we have in this country and said that reinventing the wheel is not necessary to find a BETTER solution.
I would like to hear your complaints about the Chilean program. I doubt they are well founded. But, that is presumptuous of me.

Commented 4742 days ago

Send

Beginning of the headline : Herman Cain has been gaining much traction with his 9-9-9 Plan, a bold proposal to replace our dysfunctional tax code with what could be a simpler, less invasive, and more economically stimulative alternative.While I don't agree with the full spectrum of Mr.Cain's policy choices, I applaud his courage on the tax front... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis