Quote:
Originally Posted by kingorpawn
I couldn't put it better myself. All people have to look at is Europe.
Some of the reasons Europe is falling apart is because of Socialism, low retirement age, government healthcare, etc.
"The problem with socialism is that eventually you run out of other people’s money" Margaret Thatcher.
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You couldn't be more wrong.
The strongest economies in the world are the mixed/socialist/capitalist economies of northern Europe including Germany, Poland, Norway, Finland, etc.
These northern European economies OUTPERFORM THE UNITED STATES BY EVERY MEASURE YEAR AFTER YEAR and do so without their governments "borrowing" [meaning the Fed creates out of thin air] most of the money they spend like the US does!
Today even Poland outperforms the US economy LOL!!!!
And they manage to do all this WITHOUT ANY ORGANIC GROWTH FROM POPULATION INCREASE like the US does.
Only the economies of southern Europe like Spain, Italy and Greece have gotten into trouble....and do you know why????
IT'S BECAUSE THEY ADOPTED THE U.S. MODEL OF SPENDING MORE THAN THEY TAKE IN TAXES BUT COULDN'T SUSTAIN IT LIKE THE AMERICANS DO BECAUSE THEY HAVE NO CENTRAL BANKS ANYMORE TO CREATE THE MONEY AND HAD TO BORROW IT FROM INTERNATIONAL MARKETS!!!
In purely economic terms it doesn't matter what benefits a government grants to it's citizens as long as they pony up the revenues to pay for it. Government spending is just as stimulative [if not more so] than any other kind, and taxes DO NOT hamper economic investment as is widely and falsely claimed.
Any economy [like our's] will have trouble if they refuse to cover their expenses with taxes.
The MAJORITY of the American people want all these benefits, corporate subsidies, wars, airport security that costs 8 billion dollars a year, etc....BUT REFUSES TO PAY FOR ANY OF IT.*
*The TSA spends over 8 billion a year on almost 50,000 employees with over 300 administrators making over $100K yearly and have never caught a single terrorist. That's the American system today.
ps...
Margaret Thatcher is today one of the most reviled and discredited hags of the European scene. She was really a nasty character, and typical of the idiots the English system contains [which is a whole lot like ours because we inherited their social philosophy].
The reason why the northern Europeans outperform everyone else is because they have a SOCIAL PHILOSOPHY and CIVIC CULTURE which is the opposite of the ENGLISH/AMERICAN system.
In northern Europe people don't cheat, steal, or exploit each other. They are very united, and when they pay taxes, employ each other for work, invest in businesses, etc....IT'S IN GOOD FAITH AND FOR A COMMON GOAL OF INCREASING THE WEALTH OF EVERYONE ELSE.
In the UK/US it's a jungle of elites and robber barrons exploiting the workers, who then get fed up and strike back with all kinds of frauds and corrupt systems of their own.
Hardly makes for progress....
I couldn't have put it better myself.
I think the things I've heard you've done are worst then anything I've ever said. There not. You can't compare the countries just by their economies, you have to look at population size and other things. For example, China might surpass the US economy in a few years, but they don't have the social programs we do like food stamps, welfare, etc. They don't spend money to protect their environment like we do. China starts doing those things and their economy will slow down.
