America Adopting French Socialism

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	America Adopting French Socialism

baydawg

12-9-2008 11:18 AM

117 views

tags:

socialism, definition, taxes, income inequality, redistribution of weath, france, humor

baydawg says:

Funny take on the bailout efforts--along with acknowledgment that the tax code either shares or concentrates wealth.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/aabe1ed3-6b54-4654-8e42-0c574f5a81fe/B740C4CE-24B1-4A86-824A-C8011EB26115/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between" href="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between" style="font-size: 11px;">www.newgeography.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between">In contrast to the 19th Century, the US already operates on a much-diluted form of capitalism. Our markets are not free; they are highly regulated</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between">exchange rates and values of our currency do not float freely</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between">Investment decisions are not driven purely by return expectations or classic risk/reward analyses; rather they are incentivized or discouraged by a byzantine system of rewards and penalties affectionately known as the Internal Revenue Code. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between">the federal tax code is fundamentally a mechanism for wealth redistribution</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between"> moves by the federal government are undertaken in the name of saving our capitalistic economy and staving off a severe economic depression does not  change the fact that we are experiencing – first under Bush and soon under Obama – a powerful drift towards extended state control of the economy.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between">we may see greater similarities with another centrally planned economy – the one run from Paris.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.newgeography.com/content/00457-is-us-capitalist-socialist-or-something-in-between">France's centrally controlled dirigiste system</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B740C4CE-24B1-4A86-824A-C8011EB26115/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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