(urth) Gene Wolfe's Politics
jordonflato at gmail.com
Fri Mar 27 19:29:34 PDT 2009
I'm hardly worried about being charged more for my credit default swaps,
thank you very much. I think they can raise the prices on those as much as
the fricken want.
Have fun with all the potholes, Mrs. Raynd.
On Fri, Mar 27, 2009 at 6:45 PM, <brunians at brunians.org> wrote:
> This is why 'raising taxes on the rich' doesn't work, for those of you who
> have been paying attention.
> > On Mar 26, 2009, at 4:32 PM, Dan'l Danehy-Oakes wrote:
> >> I'm talking about the gummint going bankrupt, silly boy.
> > Gummints don't go bankrupt, having produced nothing in the first
> > place. They may print money, which will devalue all the goods and
> > services of the society and bring about its ruination, of course.
> > They have that power, but they don't have the power to create money
> > in the original sense of the word, as a store of value. You may or
> > may not be aware that businesses don't pay taxes either, individuals
> > do. Businesses pass them along to their customers to pay.
> > Steven Bowen
> > http://bowenfinearts.com/
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