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Author: ItGoesToEleven Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35468  
Subject: Re: SAFEHAVEN: Bondmarket Implosion! Date: 4/14/2004 8:25 AM
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Lokicious said, "There are some serious structual economic flaws in this country that will need fixing the old-fashioned way (redistributing wealth from the undeserving rich to the true achievers) and a general lowering of wasteful spending, personal and government."

While I agree with the need for a decrease in "wasteful spending", I'm curious about "redistributing wealth from the undeserving to the true achievers".
How does one determine who is "undeserving" versus the "deserving rich"? Taken to an extreme, isn't this what Hitler said and did in regard to the Jews? And how do we get the new-found funds to the "true achievers"?

I do agree that the economy would be more effective if the capital is in the hands of the "achievers" rather than the "undeserving", I'm uncertain as to how that can happen while maintaining justice and incentives for production. Thx.
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