10/29/11

Social evils wrought by capitalism, unchecked by government - by Rick Lowe

Neither the Democrats or the Republicans pass the smell test on this one and the sooner they admit to Washington's culpability in the whole mess the better. Turning it into a tax the rich campaign is just foolhardy. David Brooks of the New York Times is reported to have said that even if the US government taxes away 50% of the income of those that earn $1 to $50 million, the national debt will only be reduced by 1%.

Yet, the Democrats are pushing even more crony capitalism to fix the problem that it created in the first place. Go figure?

To suggest that capitalism is unchecked by government laws and regulations is just bunkum.

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