But not a good effect. Take banking regulations for example. Our government forced banks into loans that they knew wouldn't be repaid. So the banks hid those loans in tons of paperwork and sold them as the next great thing. It is a perfect example of how regulation creates the problems instead of solving them.
Regulations must be limited to preventing and punishing deceitful and damaging practices. Anything above and beyond that limits the economy.
The Productivity of American workers between the mid 70's and 2000 has gone up more than any other worker in the world, while his salary has stagnated, this is data that's not in dispute. The relative productivity increase to salary in the EU is far more in line.
That is a flat out lie. The only percentile that has stagnated is the bottom 20%. Gee...now...what is the bottom 20% eligible for? Could it be social programs? Why, yes it is. The remaining 80% has seen a minimum of 25% increase in household income since 1970. So, let's see...if the only group that is stagnating is the group getting financial assistance and the groups that don't get assistance are growing along with the economy...what can we conclude? The government programs are the problem...not the solution.
http://upload.wikimedia.org/wikiped..._States_Income_Distribution_1947-2007.svg.png
The US has a market that is regulated in favor of the firm and not the worker. The EU, is the opposite, which is to say the worker and not the firm... So if the two have to compete (The EU and US worker), the US worker will always produce more output, which benefits mainly the firms in the US... but does this really "morally" benefit the life of the worker if his salary is stalled at the same level or below the EU worker (and even after taxes and benefits, he's got less to spend?)..
No, the person that produces more, earns more. But your class warfare rhetoric is noted.
Look....no matter how you cut it, the consumer pays for everything. If you charge corporate taxes...the consumer pays. If you charge personal taxes....the consumer pays. The fact is, whether you have a socialistic system or a free market system, the end consumer is the payer.
Government is historically the most wasteful and least efficient supplier of any goods or service. Even if they don't do it for a profit, they are generally underbid by entrepreneurs. Ask Russians, Chinese or Mexicans. All of their governments failed to provide services. It wasn't until China began to deregulate that they began the growth they are seeing today. Russia was in the same boat. Mexico just needs to follow suite.
We've got far more credit card debt than the EU workers for a reason... you think our taxes are low, but low taxes don't do you any good if you have to pay for everything like we do, and at the same time save for your retirement.. It's not in dispute that our debt/savings rate is far out of line with the rest of the developed world, why do you that is? Truth is, the only person who wins in the US Economic model is the CEO.. This isn't free markets, this is a market that's stacked in favor of the boss... And this is why I'd like to see a bit more "Regulation".. I'd love to start with more airline regulation first!
That is the most convoluted argument. We have less money because we pay less in taxes? That is absolutely retarded! Show me the poor Europeans that have 2 cars with upgraded rims and speakers and a 52" HD tv? Because our "poor" have all of that, on average.
You ask what give me any moral right? Nobody.. I don't have this right, I'm not the Dictator of the US, I'm just a voter.
Dictating through voting is still dictating.
Lets not bring China into this, because it would seriously complicate my argument being that they're the closest thing to what you argue for, which is a pure free market economy in favor of the firm.. 6 day work weeks, 12 hour work days, no minimum wage, no employer benefits laws, etc..
You just can't stay away from the class envy/warfare, can you?
