I guess i should say it works for those willing to work. It doesnt really benefit the lazy and useless. They are the ones who benefit from re-distribution arent they? Re-distribution relies on the work and success of the upper and upper-middle classes. It encourages the lower classes to hate the upper classes because of their success and it penalizes them for being so. It creates dependency to government and it takes away peoples ability to provide for themselves. It opperates on the premis that we cant lift up these people up, so we will instead pull these other people down. You talk about the wealthy making money like its some sort of scandal and you rationalize it by saying that making "some" money is ok, but the rich make way more than they deserve, so obviously they should give the rest to us, even though we have done nothing to earn or deserve it.
So ya, i guess it depends on your definition of "works".
Obama in 2009: If I canít fix the economy in three years, you can call me former President Obama
Conservatives believe the government is incompetent, and seek to elect people who will prove it
Ignorance is Bliss Bliss is the same as happiness US Christian conservatives are the happiest in the US according to studies Do you see a connection?
Person with debt vs GDP of 300+% .. not a problem!
Country with debt vs GDP of 100%... major problem!
Explain to me why the first is not a problem.. but the second is?
You said the fact that Japan's debt is primarily held by Japanese makes it less of a problem then if foreigners hold the debt,
I disagreed and explained why.
You disagree (what a shock).
You won't change your mind and I won't change mine (on this).
Further discussion is thus pointless.
And boring as well.
You are the one that seems slightly obsessed and refuses to let it go.
Have you nothing better to do?
I know I do.
Have a nice day.
Last edited by DA60; 09-03-12 at 11:06 AM.
Where has all the money gone? whose pockets is it in? Is somebody hiding it in a buried sock? Are the Bildenbergs getting poorer?
Are the poor hoarding it in swiss bank accounts? So many questions and no answers and no you can't audit my piggy bank.
Point is.. a person.. you, who owns a home and has a mortgage has far more in debt than he/she has in yearly income. The average for many is 500% debt vs the yearly income. And that is not a problem, despite you can loose your whole income if you loose your job.
Now take a country, who has tax income all the time.. unless the country totally falls apart like Somalia. But here when suddenly the debt ratio hits 70% or 100% or in Japan's case 200%+, then it is a massive problem and the world is falling apart and we must cut everything to the bone and let people die on the streets, because.. we cant afford it any more attitude.
There is no doubt that Japan needs structural reforms to fix their deficit and raise their tax income. There is no doubt that much of the debt is owed to its own people, so over time things like inflation will eat away at that debt, just as it does for everyone else. And there is no doubt that fixing the problems all our countries have, will take time once the politicians admit there is a problem and want to fix it. Problem is in Japan.. the politicians have not reached that point just yet. Same problem in the US and some European countries.
Now once that point has been reached, and the politicians have accepted that things need to change.. and they start doing it.. it will still take many many years to fix. My own country of Denmark was on the verge of bankruptcy in the late 1970s.. it was the Greece of its time. But the politicians accepted they had created a problem and started to fix it. It took over a decade.. hell 30 years to get rid of the external debt we had accumulated up to the late 1970s. Point is.. Denmark got time to deal with their problems, and did not gut government and send people into the poor house. Now days.. countries like Greece, Spain and so on dont get time.. and Japan only has gotten a "free pass" for now, because of its massive private sector wealth, economic and political power... but as always.. it requires that politicians accept they have a problem and stop blaming the opposition.