Wait, so poor people can't hide their privately hard earned yard sale or baby sitting money from Uncle Sam by hiding it in mattress or by getting paid under the table but it's perfectly fine for billionaires to hide $23 Trillion in earnings in offshore accounts from the IRS instead of investing it in building more US factories and hiring more US workers?<quoted text>
No need to continue the rhetorical fencing over this "point." We both recognize investors and businesses are protecting their financial assets in low-risk/low-return INVESTMENTS (e.g., cash deposits, treasuries) because the expected returns on riskier investments in the flaccid Obama economy remain unattractive.
Bogus rationalization for confiscating individuals' private savings.
To the INDIVIDUAL who has scrimped, saved, and sacrificed for lifetime to build up those savings - yes. They don't have another lifetime to recoup after you and your statist heroes in Washington confiscate, "redistribute," and squander them to get themselves thru the next election, like political crack hos.
To anyone who cares about what happens beyond the next election, your point is patently false, on two counts:
1) Yes, long-term savings confiscated from the private economy and spent by the federal government on short-term consumption (or handed out to politically favored recipients who will, in turn, spend it on short-term consumption) DOES wreak PERMANENT HARM to the economy over the long-term, by depleting capital stocks and worsening the capital-labor ratio, resulting in lower productivity.
2) Cutting food stamps to reduce spending will have an immediate POSITIVE impact on the grocery business - food stamps are INFLATIONARY. Cutting food stamps will help REDUCE INFLATION of food prices.
If Food Stamps are cut back and more people will buy less food or be forced to shop at discount grocery stores and buy cheaper non brand food items. Won't main stream Grocery stores increase their already inflated prices to maintain a profits or will they lay off employees too?
You know what. Let's do away with the middlemen stuck outside of realty all together, cut food stamps and buy milk, produce, meats other items from local stores or nearby farmers. Buy buying local we keep the money in our towns, our states. This will cut back on paying for national transportation costs, national adverting costs all stuck on a the same can of beans I can get at a lower price at a discount grocer. If businessmen built up their empires it all by themselves they won't miss consumers at all. I mean seriously, why should I keep paying for extras like adverting for the stores or the brands or some over valued idiot's salary so he can sit on his behind and do nothing but cut back the wages, benefits and hours of those who actually do the real heavy lifting?
In the conservatives alternative reality they are terrified a crack ho stealing a penny when in fact corporations have redistributed (robbed) the wealth of global workers/consumers of TRILLIONS of dollars that sit unused off shore. Pirated away so some con artists can build themselves castles and make others believe he made all that money by himself when others did the actual work. To hear conservative Republicans talk they laid that egg you are about to buy in your local grocer. To give credit to the hen in the cage would be too communistic.