philosophical discussion, though we are both (irrelevantly) atheists. I first noticed his statements because he sounded like a supply side
true believer. Oy vey!I post this as an example of the Stuart Smalley Principle,
"Even though a person is not as smart as you, you can still learn something from them."
So he turned me on to something. The important lesson is to
Google every quote. :)
Xxxx,
You never know when you are going to learn something useful. You sent me a Jefferson quote to ponder: (at least you sent the "on the one hand" part...)
To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, 'the guarantee to every one of a free exercise of his industry, and the fruits acquired by it.
And that led me to find the "on the other hand" part of that statement:
(But,)If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree; and the better, as this enforces a law of nature, while extra-taxation violates it. — NOTE IN DESTUTT TRACY'S POLITICAL ECONOMY, vi, 573. (1816.)
*The Carl Rove Award is on its way.*
Now, Jefferson lived in a pre-industrial time, so what kind of wealth was enough to be "dangerous to the State?" There was no large scale manufacturing, agribusiness, oil company, military-industrial, or mining wealth, all of which are used to influence the state, and in arguably dangerous ways. Jefferson had a wealthy merchant class, which supported the early US government, influential, but fluid. Real wealth was royal wealth in Jefferson's time. It's power rested on inheritance. Vigorous enforcement was the only side industry.
It seems to me that Jefferson (smart guy) realized that people who were sitting on immense inherited wealth were not efficient at creating jobs. Except maybe cops. They had hundreds of years of supply, without meeting demands. So that implies that Jefferson understood the need to redistribute wealth. Sounds like he favored a 100% inheritance tax on large fortunes. Better than tax, because "equal inheritance to all" is more progressive than any tax.
Here's the payoff. I know a few people who believe in "original intent" (ironically, a doctrine originated by Hugo Black in an act of judicial activism.) I'll show them Jefferson's (complete) statement when estate taxes, and redistribution of wealth, become issues of economics, or law, so they can lobby their favorite justices. You gotta love all these levels of irony.
OK, so moving on -- let's turn your talents of persuasion to this article:
A Secretive Banking Elite Rules Trading in Derivatives
http://www.nytimes.com/2010/12/12/business/12advantage.html?_r=2&partner=rss&emc=rssHow would you convince these guys that there is no such thing as a ruling class in the US?
When they get together, what plans are they making for the benefit of mankind? Should we call a *Danger to the State Alert*? What are they saying about you?
Good find, thanks.
<immoderate>
He loves the MIC, supply side, and corporations and Bush(!), and responds to my data and logic, by calling me a hater, a socialist, class warrior,:rofl: etc. I respond by listing his errors, false assumptions, and fallacies, by sending and more data. With some condescending encouragment.O8) I'm sure his BP is up. Why? :shrug: I am seeking practice responding in a civil and rational way to people who are misinformed and delusional. (No DU jokes, please.;))
--imm