[Rhodes22-list] John Shulick - I draw a distiction

[Herb Parsons]

I don't understand the disdain for the capitalists. When the unions 
demand benefits that allow a man to work for a company for half of his 
adult life and then pay him for not working the other half, that too is 
"greed", or "screwing" the other side.

On some specifics though,

I disagree first of all that we're 3/4 of the way towards bank 
nationalization. We're probably too far, but I don't think we're that 
far. Unfortunately, I don't think the US Government would be better 
bankers than the capitalists that are "screwing" each other. It doesn't 
take much looking to see that the government is not very good at running 
businesses. Anyone that thinks nationalizing banks (or anything else for 
that matter) will "cut out" management have not paid attention to the 
way government agencies, ANY government agency, grows.

I have a different solution. Let's get them out of the things they're 
not supposed to be into. The constitution pretty clearly outlines the 
things that the federal government is supposed to be doing, and banking 
isn't on that list.


John Shulick wrote:
> Herb,
>
>  I find myself in agreement with you about the governments' misuse of the SS
> trust fund. I see no sense in wasting 1s' and 0s' on the internet on a
> discussion about who did what and when to put us as a country into this
> mess. Rather let's explore and exchange ideas about how to fix it. Here's
> one idea,
> since we're 3/4 of the way toward bank nationalization lets complete the
> process and allow the government to manage the mortgages of the entire
> country by replacing all mortgages in a restructured manner. In this way
> people who have honored their debt so far could get a break and those in
> trouble can be helped. Let the US taxpayers keep all the profits since we're
> the ones taking the risk now. Cut out the top management who were skimming
> billions let them go find real jobs. Perhaps a flat tax rate to go along so
> everybody has some "skin in the game" so to speak. Leave the investment
> banking and corporate debt to the private sector and let the capitalists
> happily screw each other instead of the common man. I thank you for the use
> of my name in your reply and I invite all to respond as they see fit.
>
> Sincerely,
>
> John Shulick
>
>
> John,
>
> Do you really think the government has done better with your retirement 
> money than you would have done in a 401k? I doubt if there's any of the 
> money left that you put in. It was spent. To pay for your retirement, 
> they're going to have to hope that the next generation has enough to 
> pay, and is willing to do so. The government has turned SS into the 
> biggest ponzi scheme ever, we're just all to stubborn to admit it.
>
>   

-- 
Herb Parsons