Originally Posted by Winstonbiggs
That's exactly what the article suggest. Here's the problem all those pensions that go to all those workers who are not in the top 1% are invested in the cash those companies are holding. If you start confiscating their cash to pay off Federal debt those stock prices will fall and the 110 million US citizens that are invested will end up as wards of the Federal government.
The attack on business is an attack on local and State governments who need accelerated appreciation of corporate earning in order to pay off the pensions for public employees all over this country. If you tax it those pension which are invested in that corporate cash, State and local governments will fail. All those people will go on Federal assistance. You will not solve the debt problem you will create a debt problem.
The Stock market going up along with home prices going up is the only reason people are spending enough to create any demand right now. Wreck those 2 engines of demand and we will fall off the cliff and hit the bottom of the ocean.
A government that fosters a good business environment will get businesses to use cash for investment. A government that fosters a bad business environment will do the opposite. Lagging demand coupled with a government that has given business a mixed message on investing is not going to lossen the grip on cash.
The Obama Administration has been fighting risk since the markets crashed and nobody was willing to take on risk. Risk is what we need right now. Government debt being purchased at below real inflation rates shows that nobody is willing to risk money in the current environment fostered by our government or most any government across the globe.
Yeah but it isn't fair!!! They have more then us and they won't share!!! <Stomps foot like pouting 12 year old girl/>