It Takes A Village to Create a Business

How can anyone share the wealth in a society where the government spends $10 million more per minute than it takes in, and the banks are all fundamentally and technically bankrupt (and would be factually bankrupt if forced to mark their assets to market), and the debt exceeds GDP, and a huge percentage of homeowners are under water or actively in foreclosure?

There is no overall surplus of wealth available to be shared at the point of a government gun (equally or otherwise). There is only overall massive and exponentially accelerating debt. The entire nations overall debt (government, unfunded government [like Social Security and Medicare], corporate, and private) is roughly $200 trillion per Boston University economist Laurence Kotlikoff. This vs. a GDP of roughly $14 trillion. The banks and Wall Street are sitting on $800 trillion of derivatives time-bombs which per Warren Buffett are "financial weapons of mass destruction". Lets all share and share alike.

Every body has somebody that has helped them along the way, normally parents but also a teacher, clergyman or even friends, you got an education unless it's a one person business then you had helpful employees. You use the infrastructure, post office or phone, your lucky enough to be in a country that allows you your freedoms, even my small businesses of past I didn't do alone, sure I had the idea, invested & worked at it but there was always help even if it was a grateful customer that recommended me. Thank you Mrs. Johnson, my 5th grade teacher, made a big impression on me.

Isayre, I didn't know all that ,just when did all that happen? What do you suggest just give up on America & Jonestown Coolaid for everyone?

samhill wrote:Isayre, I didn't know all that ,just when did all that happen? What do you suggest just give up on America & Jonestown Coolaid for everyone?

I've always been for honest money and the elimination of fractional reserve banking and the idea that fiat currency regulated by a central bank is the solution (when in fact it is the problem). We can assuredly rise above the predicament we are in, but it will call for permitting those with the biggest debt (banks and Wall Street) to fail, instead of attempting to forever prop them up as being "too big to fail". It will require ending the Federal Reserve and returning all of the confiscated gold in Fort Knox to the people. It will also require rising above the combined fascism and socialism paths we are currently taking.

You would still end up with paper money but instead of being backed by good faith it would be backed by gold & silver once again. A safe guard would have to be put in place to protect the small banks first so they don't get drug down by the big boys.

Politicians would never give up such a valuable tool for their preservation. It's what they buy votes with.

The best you could hope for would be more transparency at the Fed.

samhill wrote:Isayre, I didn't know all that ,just when did all that happen? What do you suggest just give up on America & Jonestown Coolaid for everyone?

You didn't know any of that yet you sit here and argue as if you did?

What have you been doing for the last 4 to 6 years?

Ronald McDonald and friends keep referring to Prez. Obama and liberals as the dirty word, "Communists", but what is more communist? millions of voters donating $5 ea. for a president of the people,, or a few dozen billionaires, Koch brothers, Shelly Adelson and a handful of other "I want to rule the world rich old farts" spending tens of millions ea. to brain wash voters with massive tv ad campaigns, and stump speeches spouting total lies? facts do not lie, and liars do not speak of facts. Ryan only wants to release 2 years tax returns like his possible boss, it takes at least 2 years tax returns to obtain a mortgage, this is the Presidency we are considering them for.

homecomfort wrote: it takes at least 2 years tax returns to obtain a mortgage, this is the Presidency we are considering them for.

You need a special license to be a plumber or electrician but any fool can be President and Obama is the proof.

homecomfort wrote:Ronald McDonald and friends keep referring to Prez. Obama and liberals as the dirty word, "Communists", but what is more communist? millions of voters donating $5 ea. for a president of the people,, or a few dozen billionaires, Koch brothers, Shelly Adelson and a handful of other "I want to rule the world rich old farts" spending tens of millions ea. to brain wash voters with massive tv ad campaigns, and stump speeches spouting total lies? facts do not lie, and liars do not speak of facts. Ryan only wants to release 2 years tax returns like his possible boss, it takes at least 2 years tax returns to obtain a mortgage, this is the Presidency we are considering them for.

You realize you're describing both sides, right?

lsayre wrote:Did a village perceive of and create your business? Does a village share equally with you in the revenues it generates (positive or negative)?

The, "village," punishes you for your success by taking a large part of the wealth you created by the creativity of your mind, the sweat off of your back and the faith you had when you started. They claim it by force, however; they don't ever claim anything if you fail in your endeavor. You get to lose everything on your own and take all of the risk on your own. If you fail then you get to own your failure 100%.

wsherrick wrote:The, "village," punishes you for your success by taking a large part of the wealth you created by the creativity of your mind, the sweat off of your back and the faith you had when you started. They claim it by force, however; they don't ever claim anything if you fail in your endeavor. You get to lose everything on your own and take all of the risk on your own. If you fail then you get to own your failure 100%.

That doesn't sound like sharing to me! I wonder what President Obama means when he demands that we all share?

wsherrick wrote:

lsayre wrote:Did a village perceive of and create your business? Does a village share equally with you in the revenues it generates (positive or negative)?

The, "village," punishes you for your success by taking a large part of the wealth you created by the creativity of your mind, the sweat off of your back and the faith you had when you started. They claim it by force, however; they don't ever claim anything if you fail in your endeavor. You get to lose everything on your own and take all of the risk on your own. If you fail then you get to own your failure 100%.

Unless of course, you are "too big to fail" and that group is getting bigger all the time, then "the village" will cover all your losses no matter how many bad business decisions you make.

You mean that if your business fails & you go bankrupt you get no write offs & tax breaks?

samhill wrote:Thank you Mrs. Johnson, my 5th grade teacher, made a big impression on me.

Well of course we all remember the teacher from the last grade we completed.

homecomfort wrote:but what is more communist? millions of voters donating $5 ea. for a president of the people,, or a few dozen billionaires, Koch brothers, Shelly Adelson and a handful of other "I want to rule the world rich old farts" spending tens of millions ea. to brain wash voters with massive tv ad campaigns, and stump speeches spouting total lies?

Neither, commies don't vote at all. The central government has complete power over the populace; you know, like what Obama wants.