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Old Nov 10, 2012, 10:08 PM
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Euclid Ohio
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it's the interest, stupid!

http://www.huffingtonpost.com/ellen-...b_2080112.html
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Old Nov 11, 2012, 06:53 AM
Official Old Git!
Hampshire, UK
Joined Sep 2000
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Yeah - but it's their hard work and business that's doing it all - they have a right to make a small crumb for their efforts...

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Old Nov 11, 2012, 01:34 PM
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Euclid Ohio
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The question, as always, is how much is enough?
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Old Nov 12, 2012, 09:02 AM
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United States, OK, Moore
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Originally Posted by dll932 View Post
The question, as always, is how much is enough?

The necessary follow-on question is, who gets to make that determination? Do I have any right to tell another that he's made enough, and any further productivity on his part will not be paid for?
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Old Nov 12, 2012, 10:00 AM
Libertas in Infinitum
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Houston Ellington, Texas, United States
Joined Feb 2001
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Originally Posted by dll932 View Post
The question, as always, is how much is enough?
In principle I would agree that at some level, enough is enough. But I wonder ... who gets to make that determination for each person ... for each buisness ... for each country?

Who gets that power over everyone? Who will become the Ivy Starnes of the world?
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Old Nov 12, 2012, 10:12 AM
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If only the taxpayers hadnt been used to bailout all the slime, the slime would have failed, prices across the board would have plummeted and my lone dollar would actually have value again. Let the chips fall where they may or we're doomed to continue supporting the slime.
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Old Nov 12, 2012, 10:17 AM
Libertas in Infinitum
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Houston Ellington, Texas, United States
Joined Feb 2001
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If only the taxpayers hadnt been used to bailout all the slime, the slime would have failed, prices across the board would have plummeted and my lone dollar would actually have value again. Let the chips fall where they may or we're doomed to continue supporting the slime.
Won't happen ... the Government has already predetermined which industries and companies are "too large to fail" ... however, I do belive that that moniker needs to change to reflect what is actually happeneing ... instead of "too large to fail" it should be "donated too much money to be allowed to fail".
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Old Nov 12, 2012, 10:18 AM
AustinTatious
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Hurst, Texas, United States
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wait a second here... haven't we had times of great middle class prosperity with MUCH higher interest rates?
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Old Nov 12, 2012, 10:32 AM
Gravity is patient............
Joined Mar 2006
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The federal government is more interested in its own well being than that of the private sectors.

But as they continue to add pressure to the private sector via increased taxes, crony capitalism (aka too big to fail) and increased numbers on the federal payroll, either directly or via entitlements, they are signing their own death warrants. Can't tax blood from a stone. When the money runs out (and it will run out soon) and the rest of the world doesn't trust the dollar.... well in the words of Dr Brown, you're going to see some serious .
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Old Nov 12, 2012, 10:33 AM
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Won't happen ... the Government has already predetermined which industries and companies are "too large to fail" ... however, I do belive that that moniker needs to change to reflect what is actually happeneing ... instead of "too large to fail" it should be "donated too much money to be allowed to fail".
Yup, which is why I'm scouting for a deserted island somewhere. It's the only way to escape the lunatics at the top.
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Old Nov 12, 2012, 10:44 AM
Who, ME?
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Euclid Ohio
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Originally Posted by LVsoaring View Post
The necessary follow-on question is, who gets to make that determination? Do I have any right to tell another that he's made enough, and any further productivity on his part will not be paid for?
It's up to the person or company to decide for themselves (and also consider the long term effects of the decision on those zround them.
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Old Nov 12, 2012, 10:50 AM
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An absolutely stupid article. As a person involved in a business at a fairly high level... the cost of the product we sell is not inflated by 35 percent. We don't pay that much interest on the money we borrow, we do not charge any interest (well unless you don't pay your bill but even then we don't end up collecting interest). Service jobs are even less like this.

There is a current liberal love affair with inflation. They think that some inflation can move money from the rich to the poor by impacting savings and stored capital. Yea, good luck with that. But we are now along for the ride so we all get to see what high or hyper inflation will do for the US (and the rest of the West).

Also, please explain how capturing this "35%" in some sort of government bank is giving it to the people. If it works (and it won't), it'll just be wasted in the government bank to never be seen again by anyone other than the legion who will work at said bank.
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Old Nov 12, 2012, 11:00 AM
Libertas in Infinitum
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Houston Ellington, Texas, United States
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Originally Posted by dll932 View Post
It's up to the person or company to decide for themselves (and also consider the long term effects of the decision on those zround them.
Nothing for me to disagree with there.
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Old Nov 12, 2012, 11:09 AM
Radix malorum est cupiditas
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Originally Posted by Indiana_Geoff View Post
An absolutely stupid article. .
You are being charitable.

love the first chart - of "bankster revenues" - underlabled as financial profits... and simple inflation, when graphed as dollars...is itself exponential.
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