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Author: XMFBreakerTinker Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 73134  
Subject: OT: Why Populism no longer Popular Date: 11/30/2010 9:33 AM
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http://www.latimes.com/news/opinion/commentary/la-oe-voegeli...

Interesting article as to why economic populism is no longer popular. In the end, the gist is that we are not a banana republic of just rich and destitute poor, instead our issue is not that the poor don't have resources, it is instead the old story of the Jones's. We measure our happiness against what others have, and not against what we have.

It also happens to be that the "poor" also recognize that those jets being purchased by the rich, and used by the rich, create their jobs (e.g., not just the manufacturing and sale of the jets, but the upkeep and use of the jet as well).

Elite Liberals cannot get over that x has more than y, and don't really seem to get that x may have more than y, but y has quite a lot in the United States.

Tinker
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Author: captainccs Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 51781 of 73134
Subject: Re: OT: Why Populism no longer Popular Date: 11/30/2010 10:06 AM
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How many man-hours go into building a luxury yacht for the rich and famous? Whatever else it might be, it's a lot of jobs, jobs, jobs. Kill the rich with taxes and you destroy jobs, jobs, jobs!

Been there. Done that. Remember the yacht tax that almost killed the industry in the USA a few years back? The French loved it. Beneteau became a world power in yachts. How's that for exporting jobs?

http://www.beneteau.com/en/

Denny Schlesinger

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Author: CaptainHaiku One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 51841 of 73134
Subject: Re: OT: Why Populism no longer Popular Date: 12/2/2010 9:49 PM
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Elite Liberals cannot get over that x has more than y, and don't really seem to get that x may have more than y, but y has quite a lot in the United States.

This is an old trick,
Initial caps reflect bias
And lack of insight.

Captain Haiku

who recalls when people thought "elite" was a good thing, as in "elite runner," and is saddened by the rejection of quality by modern polemicists, who prefer instead to embrace the more familiar quality of mediocrity . . . .

and who thinks Mr. Tinker has handled "x" and "y" pretty well, but has left out 24 other letters, including Haiku's favorite: "A" (an "elite" letter) . . . .

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