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What's Your Opinion on these 5 points?

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it!

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

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  • Anonymous
    10 years ago
    Favorite Answer

    This a good summation of what's wrong with current administration's treatment of US economy. They don't believe these concepts are valid. Can you say"common sense?" Good Question!

  • 10 years ago

    When you take into consideration these 5 ideas, the bottom line is we would do better if more people had jobs, aye?

    To a businessman running a company in a free market economy the key to profitability is to lay off as many workers as you can.

    e.g. if you have a factory and you change from 100 workers making a product by hand, to 50 workers and automated machinery making the same product, your payroll will be cut in half. The percentage of revenue that becomes profit will increase.

    So with the free market economy, lazy people who get fired will find that getting another job is becoming more difficult. If this trend continues there will be such a shortage of jobs that ambitious people who get laid off won't be able to get another job either.

    After a long time there will be more people on the dole than are off it.

  • 10 years ago

    I'd say you're full of it.

    I'm not saying there aren't issues to deal with such as people who are intentionally abusing the system, but overall they make up a small percentage of the recipients who are using this assistance in a positive and responsible manner.

    1. BS. Case in point - federal financial aid programs for college students. Without these programs, many people I know - including myself - would not have been able to finish our degrees, let alone even go to college in the first place. The federal loans and grants I received allowed me to graduate with a degree that has gotten me high paying jobs. I paid my outstanding loans off within 5 years after graduating and am now considered one of the "rich" your points addresses.

    2. Again, BS. Do you have insurance? Why? The vast majority of people who have insurance never use it. Say you have home insurance and your house burns down. Well, then you get a new house that costs way more than whatever you've paid into for insurance. That doesn't seem fair, now does it?

    3. Ok, I agree with you here. But this has always been the case. Do you want driveable roads and safe bridges? Do you want police and fire protection? Yeah, well, guess what? That costs money.

    4. Wrong, and wrong. If I invest some money, I'm dividing my wealth am I not? Furthermore, "Wealth" - that is, "money at rest" - is BAD for an economy. An economy only works if money is moving around. Just sitting on a pile of wealth does nothing for your community or the economy at large. And just how exactly is helping the rich hold more money going to encourage spending? I don't care if you're Homeless Joe or Tom Cruise, there's a limit as to how much money someone can physically spend. Furthermore, most rich people didn't become rich by spending money...so by giving them MORE money they aren't going to spend, what exactly are you accomplishing here?

    5. As I mentioned, there are certainly issues with entitlement programs with fraud or those who really never intend to try and become independent. I'm sure we're all familiar with the so-called Social Security Mothers, who just keep having kid after kid just to increase that monthly check while dooming the offspring to a dead end life of poverty and leeching off the system. However, don't you think it would make more sense to address these issues rather than cut off the programs altogether?

    And it's no where near "half the people"...although thanks to extremely greedy and short-sightedness on behalf of the Republicans, it's certainly heading that way with the destruction of the middle class, creating an ever widening gap between the rich and the poor. I mean, seriously, do we really have to repeat the same mistakes we've seen other countries and empires make in the past?

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    4 years ago

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