Poor suffer, rich benefit Issues Beyond Palo Alto, posted by Ted Rudow III,MA, a member of the Palo Alto High School community, on Dec 10, 2010 at 10:59 am
Poor suffer, rich benefit
Congress convinced lots of poor people to voluntarily give up some of the few things they had to make them even poorer and the rich even richer, so the rich could have more and more and the poor less and less. These are called “taxes” and “profits” and “interest.”
The poor of the world really suffer from the policies of the rich. It’s more than a lack of political will; it’s plain old selfishness and greed, combined with a lack of love or even simple concern for the poor.
The rich are about to reap the cruelties and poverties they themselves have sown amongst the poor, while the meek and the poor shall inherit the earth.
Posted by ten18, a resident of Another Palo Alto neighborhood, on Dec 10, 2010 at 1:14 pm
I understand the biblical premise, but what is your point? At least in the US, what are the poor giving up? Taxes probably won't be going up for anyone, unemployment insurance will be extended, and interest rates are increasing, which helps many seniors. And profits, far from being evil, generally mean more jobs. What exactly are you talking about?
Posted by Crescent Park Dad, a resident of the Crescent Park neighborhood, on Dec 10, 2010 at 1:37 pm
He is talking about transfer of wealth.
What exactly have the poor given up via Congress? There still are Food Stamps, Social Security, Medicare and Medicaide, Welfare and now we have ObamaCare.
The poor don't pay taxes as it stands. So what did Congress take away?
Posted by Walter_E_Wallis, a resident of the Midtown neighborhood, on Dec 10, 2010 at 3:42 pm Walter_E_Wallis is a member (registered user) of Palo Alto Online
Future generations gave up plenty. When the bills come due...
Posted by anonymous, a resident of another community, on Dec 10, 2010 at 3:49 pm
"And profits, far from being evil, generally mean more jobs"
Profits don't mean jobs. That's an old canard, like republican tax cuts for the wealthy create jobs (just look at dubya's job creation record vs. slick Willy's.)
Corporations are immensely profitable at this time. And they ain't hiring. In America, at least.
"Corporate Profits Soar to Record Levels, but Little Evidence of Trickle Down Yet"
Corporate welfare and tax breaks for the Paris Hilton's are just killing America. But it's a good fundraising tool for the gop. Keep's them in business as they deny breaks for working Americans.
Posted by Connect the Dots, a resident of the Meadow Park neighborhood, on Dec 11, 2010 at 6:12 am
anonymous... who said "profits don't mean jobs".
Do you think that unprofitable businesses hire people?
Do you have any idea WHY corporations are holding onto their profits right now? Can you guess at all?
If you had no idea how much punishment you were going to have to take in taxes and rules and loose cannon business shut downs over the next couple years, would you play safe and just keep your money close to your chest, or would your risk, buy, hire and grow your company?
Get rid of the loose cannonball business destroying socialist/marxist ideology ruling this country, and you will see our economy grow again.
Until then, nobody with a brain is risking much at all.
Mr. Rudlow: Yawn. "the poor suffer from the policies of the rich" and " it is just greed" blah blah blah. Yup...clearly the world would be better off if everyone was just dirt poor. And then there would be no greed anywhere. Tell you what, I can think of a continent where virtually every person sits at the door of dirt level, starvation poverty, with a few vicious marxist tyrants in charge of the countries..I suggest anyone who believes as you do try living in a marxist or socialist country. Just for a few years. Then come back here and spout that ...stuff.
I will never forget the guy from India trying to get a visa to move here saying he wants to be in a country where the poor people are fat. I would rather be poor here than any other country in the world ( and I have been). Not as poor here as even in France, and much more opportunity to pull out of it ( as I have).
Posted by Paul, a resident of the Downtown North neighborhood, on Dec 13, 2010 at 4:44 pm
Funny thing (and I do mean funny), is that lots of them poor folks voted for the party that cut off their life support and bestowed bounteously to the richest. They voted as they were being done unto.
Funnier thing: the USA is being trounced in every quality of life measure by the socialist countries. Socialists are better educated and healthier, for starts.
Funnier yet: oour archcapitalists understand the superiority of socialism over their own professed ideology (note the use of "professed"), which is why they created TARP to rescue the silly charade that passes for capitalism in the USofA.
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