Tuesday, September 24, 2013

Harry Binswanger — Give Back? Yes, It's Time For The 99% To Give Back To The 1%


Never say we don't present both sides. And no, this is not the Onion. It's Forbes.
It is “the community” that should give back to the wealth-creators. It turns out that the 99% get far more benefit from the 1% than vice-versa.
Then he quotes from John Galt in Any Rand's Atlas Shrugged to prove it.

Forbes
Give Back? Yes, It's Time For The 99% To Give Back To The 1%
Harry Binswanger, Contributor
"I defend laissez-faire capitalism, using Ayn Rand's Objectivism"
(h/t dan Lynch)

Another narcissist that never grew up.


13 comments:

JK said...

Tom, it's interesting to me that you commented "Another narccissist that never grew up"

I recently made this comment to a friend:

"Maybe Ayn Rand's philosophy is indicative of adults who didn't properly move on past that childish stage in development [ME! ME! ME!]...? Is Ayn Rand, and sociopaths/psychopaths/narccissits, are they just maladjusted adults who are grown up little children?"

Unknown said...

I read this yesterday:

http://littlegreenfootballs.com/article/39171_Growing_up-_Leaving_behind_naive_glibertarianism

Matt Franko said...

y,

LGF is a conservative blog... I've never read anything from Rand (thank God!).

JK,

They're psychos. rsp,

Unknown said...

Matt, the article is by someone who was originally a Randian but then dropped the ideology.

http://www.youtube.com/watch?v=gbU4VRs2rro

Matt Franko said...

y,

right I was amazed and think it good that somebody over there would post that up for that crowd to consider... hopefully it wont just fall on deaf ears... some might actually get it...

rsp,

Unknown said...

You have to have a particularly warped mind to look out at the world, study its history, and then conclude that the greatest injustice is that rich people don't have enough stuff, and everyone else has more stuff than they really deserve.

What motivates these people? Are they mentally ill?

Vincent said...

Forbes Calls Goldman CEO Holier Than Mother Teresa

By Matt Taibbi, The RollingStone, and the originator of "a great vampire squid wrapped around the face of humanity. . ." does a wonderful job of exposing the gross hypocrisy.

Read more:
http://www.rollingstone.com/politics/blogs/taibblog/forbes-calls-goldman-ceo-holier-than-mother-teresa-20130920

Unknown said...

Looks to me like it was written to piss people off and get page-views.

Anonymous said...

I think the plutocrats do this kind of think to try to lay down a new marker fro the definition of "moderate". Suppose I'm a bankster, and I want to argue for some pro-bankster legislation. I can first pay somebody to publish a ridiculously extremist "let them eat cake" article. Then I can write my article, and begin by taking shots at the extremist, before then introducing my own proposal which suddenly looks more "moderate". The plutocrats are extremely crafty.

Anonymous said...

I'm all for giving back to the 1% in kind for what we've received. We should start by giving back the red hot pokers they shoved up our asses in 2008.

Unknown said...
This comment has been removed by the author.
hairybinswanger said...

How much shall we give the CEOs and innovators so that they will become creative again and revive the US economy?

According to a 2010 UCSC study, the top 1% in the US own 35.4% of the total net worth, and 50.4% of the total investment assets.

Let's agree that CEOs and innovators deserve more wealth. Is it possible to be in agreement as to how much that will be rather than aribitrarily designate tax freedom for them? Let's not waste time trying to figure out which of the top 1% are creative and simply give all of them a boost in hopes that their added wealth will revive their creativity and jump start the economy.

Is a 10% increase in total net worth sufficient? Probably not, because that can be achieved by a very good year in the stock market. Perhaps doubling their net worth is enough? That's only 70.8 % of the total net worth in the US. If CEOs and innovators owned 90% of the total investment assets, certainly they would be interested in maintaining that wealth by hiring more people once their creative ideas start flowing.

Can anyone suggest how we may begin this transfer of wealth as soon as possible?

Tom Hickey said...

Can anyone suggest how we may begin this transfer of wealth as soon as possible?

That's an easy one. Just ask the CEO's. The are the smartest and most creative people and in all likelihood already have a plan ready and waiting.