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Re: SSI under Obama= Welfare?
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Originally Posted by goober
Maybe a course in economics, and a little "Free Market Theory" would help too.
Concentrated wealth is considered an indication of a distorted market, an undistorted market is supposed to produce the widest distribution of wealth, and the least inequality of distribution. A grossly unequal result is an indication of a distorted market, with underlying inefficiencies that produce less net wealth for the society as a whole.
An efficient market will produce unequal results, but on the order of some people making twice as much as others, even ten times as much as others, but when some people are making a million times as much as others, that is an indication that there are distortions that are leading to inefficiencies in the market.
This was something that FDR saw, and he knew that a grossly unequal market system didn't lead to prosperity, it lead to communism.
By implementing market reforms and regulations that addressed the structural defects of the market, a relatively efficient market was put in place that delivered growth, increasing prosperity and an equitable distribution of wealth.
FDR saved capitalism from itself, and unlocked it's power to deliver wealth to the broadest numbers of people.
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and this has screw all to do with raising the payroll dedcution limits does it?
sooo you are in favor or removing the cap?
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No individual can plan his own existence in their view.
So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.
Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.
The Road to Serfdom
FA Hayek (interpretation)
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