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Friday, August 10, 2012 - 6:23amSanction this postReply
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Paul Krugman, at least, must think this is great.

Like when he cherry picked the top marginal income rates from JFK's America, and blew right by the fact that JFK was only spending $100B in a nation more than half our present size (180 million vs. 330 million), over half of which was for defense at the peal of the Cold War.

I meant it when I wrote it; Krugman had a lot of balls bringing up JFK's America and its vibrant Interstate building/SS funding/Moon going economies. It's true, that America was before Medicare/Medicaid, and it's also true that America was not characterized by Americans stepping over dead bodies in the streets outside of hospitals, like the current political Soviet era street theater would have us believe.

With more than a little irony, in the actual USSR, maybe, but not in JFK's America.

I wonder, what laws has France put in place to -try- and nail its victims to the floor and keep them from leaving? Will much of our press actually report any of that while they are fawning over this great progressive idea?

regards,
Fred

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Friday, August 10, 2012 - 7:27amSanction this postReply
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From NYTimes:

“We’re getting a lot of calls from high earners who are asking whether they should get out of France,” said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy. “Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.”

This is when either the fangs come out, and socialism shows us what it is really made of...while in the background, reality asserts itself.

When the UK went through this in the 60s, the response was ... the Caymans. As in, have your cake and eat it, too.

The Caymans permitted the UK to put on a boob-bait show at home for the Vanguard of a new Red Dawn boobs, and still ride laissaiz-faire capitalism far from prying eyes... for 50 years and counting.

regards,
Fred


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Friday, August 10, 2012 - 10:13amSanction this postReply
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The good news is that the move is likely to send a lot of human and financial capital to the US. It would also put downward pressure on the Euro - tentative good news if you buy their exports, bad if you're outside the zone and trying to sell to them.

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Friday, August 10, 2012 - 12:33pmSanction this postReply
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Can you imagine what America would be like if our national economic policy wasn't totally built on the slogan "It sucks worse in Europe, so get over it?"


"Flight to quality" is like the guy standing up to his waist in shit grateful that at least he isn't doing a hand stand.

Yet.





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Friday, August 10, 2012 - 12:54pmSanction this postReply
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"The Caymans permitted the UK to put on a boob-bait show at home for the Vanguard of a new Red Dawn boobs, and still ride laissaiz-faire capitalism far from prying eyes... for 50 years and counting."

It occurs to me-- that is exactly modern politics in 2012: are our current floundering economies due to the fact that we've let 'our' capitalists escape overseas and into the cracks(hiding in plain sight, employing none or few), or are our current failing economies due to the fact that we've for decades actively driven our capitalists overseas and into the cracks, etc.?

While America figures this one out(take all the time necessary)it's clear that it isn't the capitalists overseas and hiding in plain sight having the rough ride; if this is a class war, then it isn't hard to tell who is winning and who is wearing the fruits of their perseveration on virtuous Labor.

So -this- is what social justice looks like? Whoda ever thunk it? Plenty of opportunity in what's left of America for politicos to sell a story. Just like in Bangladesh.

We can look to past presidents for caring, feeling words on this topic; "Better put some ice on that."

The Middle Class in America gets what it not only tolerates, but actively courts. And the results have been exactly social justice, for those actively courting it.

For the rest of us, it is just the unfortunate consequences of being tied in a lifeboat to a tribe of madmen, driven by their existential fear to be existential terrorists.



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