Dictatorship is a small number of population using means of money, muscle, to control, run, and influence the government where it benefits them. No one is against people making money and keeping it. It is Islamic republic, it is Ghadafi, it is every fascist and dictatorship that does that.
Here, I dont think anyone is against the wealthy but rather about them using their power to influence policies that have seen people loosing their homes, savings, retirements, middle class shrinking, more becoming poor so that the top 1% can become wealthier.
Here, I dont think anyone is against the wealthy but rather about them using their power to influence policies that have seen people loosing their homes, savings, retirements, middle class shrinking, more becoming poor so that the top 1% can become wealthier.
With all due respect, this is the inherent problem IMO with people who can't see the issue for what it is. I can agree with taking down crony-capitalists and those who have abused government to fix the game in their way; but not all people are that way - some made their way by good old capitalism. That "pie" is theirs and it is not that they are getting rights by getting more rights but they are losing rights by giving it up. This is a philosophical and historical discussion that those on the left have forgotten about. It is so alien to them these days that if you talk about individual freedom and liberty they have a radically different interpretation of it. That was the whole point of America - in an economic context - for people to keep what they've made/earned.
The problem with graduates that can't get jobs and are in debt is because government is in power, but what does it directly have to do with Wall Street? The govt. school loans schemes which have backed increasing tuition fees is the problem. Stop backing the loans and that'll force the schools to lower tuition if they want any students to be able to go. They rely on students for their survival - that is their purpose as institutions - so they HAVE to get it to levels of affordability. The fact that tuition liability is almost 1 trillion and more than the whole of credit card debt is a huge indictment on government regulations.
Once you stop the government from having the power to regulate, there is no power for the lobbyists to come and influence (to get abuse). If people want jobs, make it cheaper to do business in the US and let business take more profit. Give them the incentive to want to do business in America and create/better industries. To whittle it down to it's core: in a truly capitalist society, they can only get richer by having to make more and they can only do so by employing more people. Don't be afraid of corporate taxes being dropped to even 0%. It may seem counter-intuitive to you, but it's actually better.
I know, the standard response from those on the left is not that there were regulations but there were wrong regulations. To allude to what Friedman once said; a system that relies on there being the "right person to implement the right regulations" is a useless and dangerous system. Such a person doesn't exist - and by person, I refer to groups of people as well.
The problem with graduates that can't get jobs and are in debt is because government is in power, but what does it directly have to do with Wall Street? The govt. school loans schemes which have backed increasing tuition fees is the problem. Stop backing the loans and that'll force the schools to lower tuition if they want any students to be able to go. They rely on students for their survival - that is their purpose as institutions - so they HAVE to get it to levels of affordability. The fact that tuition liability is almost 1 trillion and more than the whole of credit card debt is a huge indictment on government regulations.
Once you stop the government from having the power to regulate, there is no power for the lobbyists to come and influence (to get abuse). If people want jobs, make it cheaper to do business in the US and let business take more profit. Give them the incentive to want to do business in America and create/better industries. To whittle it down to it's core: in a truly capitalist society, they can only get richer by having to make more and they can only do so by employing more people. Don't be afraid of corporate taxes being dropped to even 0%. It may seem counter-intuitive to you, but it's actually better.
I know, the standard response from those on the left is not that there were regulations but there were wrong regulations. To allude to what Friedman once said; a system that relies on there being the "right person to implement the right regulations" is a useless and dangerous system. Such a person doesn't exist - and by person, I refer to groups of people as well.