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Patriotic Millionaires Unmasked

- Peter Schiff - Euro Pacific Capital

Sorry Vox, in your comment you’ve swung too far, now your defending the government. Governments are in no way better than corporations. They are mindless bureaucratic institutions with only one objective, to keep existing no matter what the cost. They waste that which they have been entrusted to them to be good stewards of. Yes they build a dam here and there but they also build hundreds of military bases all over the planet in a rush be become a global empire. Which are there more of, cost more, and gave the lowest return? Military bases only result in military contractors getting richer and countries where the bases are located getting a nice little honorarium. Yet we see more bases than dam’s or other public works projects that offer a real return and can ad to the common good. The only conclusion to draw here is that government can’t be trusted with money, they also can’t keep their greedy ambitions from destroying what should be a free market which would make use of tax cuts and incentives if not manipulated. The point is that the government will run deficits no matter what point of any cycle they are in.

Your comment that building the Grand Coulee Dam made it possible for the aircraft industry to exist in Washington state. You never pointed out that constant lobbying by military contractors was a major factor in getting the dam built. So who benefited? Military contractors can run their operations and funnel money into the back pockets of the crooks in government. The employees are secondary and as soon as automation can replace them they will be gone but the corporations will continue to exist and money will continue to flow into bureaucrats pockets. Government and large corporations are welded together at the hip. What I didn’t hear either candidate address was how they would work to empower small businesses. This is where tax cuts need to go, the real engine driving prosperity in the new world. So it’s not about whether there should be tax cuts or not, it’s about who should get tax cuts.

If you want to draw a conclusion between who provides more job opportunities, good luck. The government is so bloated with redundant positions that it could easily cut half its employees and still function above 80% of what it accomplishes today. Companies, when you think strictly of large corporations, aren’t going to spend a dime hiring people if they don’t see a return no matter what tax cuts exist.

You state “The alternative is that we allow amoral market forces to dictate to us when it is that we should be forced from our homes”. Really? Who is it that empowers these amoral market forces and allows them to run amuck? Are you waiting for government to step in and stop these forces? Neither corporations nor government, regardless of which party is in power, have any human values. If not for the fact that elected officials face regular elections and understand that they need to at least do a minimum to appease the public there would be far less in the way of federal services than there are today.

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Beginning of the headline :Despite the breathless post-election "think pieces" that have drawn sweeping and deeply considered conclusions about the political drift of the country, at its core President Obama's re-election is easy to understand. He essentially promised millions of middle and working class voters that if he were to be re-elected, they would receive benefits paid for by the rich... Read More

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