Sunday, October 16, 2011 12:37:34 AM
@QueenZira- "Rich knock it off with all the think tank garbage. Cato exists to pay the salaries of idea men in the Rep. party. It doesn't even have a casual relation to facts or evidence."
Don`t like Cato eh? Well i have to admit, sky dancing blog is...entertaining. Ok, no problem do you accept Economy textbooks?
Cato exists to pay the salaries of idea men in the Rep. party. It doesn't even have a casual relation to facts or evidence. I have to chuckle everytime a Rep. rube really thinks they can pull the wool over other`s eyes.
Saturday, October 15, 2011 8:09:07 AM
So, they create wealth and become sucessful--and they're called "fat cats"? They`re being damned for being good? Actually, considering that the only time REAL wealth is created from trading stocks is when the company first sells them, they`re being damned for creating inflation and various problems with our economy because all they`re doing is making money... By having money.
Wall Street traders don`t create a product. Only the first person to buy stocks from the company contributes to the company`s ability to create a product and create REAL wealth for the entire economy in the process.
After that, it`s just like gambling: I`m going to take this $1,000, throw a few dice, and turn it into $10,000,000.
The only difference is that it`s less about luck.
In the end, the only thing they`ve "created" is artificial money, with contributes to damn near every problem that the lower classes suffer from.