Swagman wrote on Jan 28
th, 2014 at 10:52pm:
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation
The abbreviated version is, YOU HAVE NO IDEA WHAT YOU ARE TALKING ABOUT!1) Japan - 212% Debt to GDP Ratio
2) USA - 102% Debt to GDP Ratio
3) Norway - 28% Debt to GDP Ratio
4) Australia - 21% Debt to GDP Ratio
So, the leading Capitalist countries are actually in Debt, BIG TIME, whilst both Norway & Australia actually have quite modest Debt.
But, it doesn't finish there, because Australia also has an $80 Billion Future fund, which is some 5% o its GDP, which is ok, But the big winners are the Norwegians who have a "Future Fund" now sitting around $900 Billion, which is approaching 200% of their GDP.
In broad terms, the USA & Japan are painted as Capitalist countries, whilst Norway would generally come under Socialism, as it has major Public ownership of various major business entities & it provides considerable Services to the Public, including Medical & Retirement Benefits, But it also applies quite high Taxes.
Your Capitalist system has never worked, certainly not the way you talk about it & Capitalism is now in the midst of Capitulating, which we will all see happen in the years ahead!