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To: Ulmius

ok. So you have some different definitions/assumptions from how I am used to seeing the terms used.


Generations of robber barons’ descendants have been able to live off of trusts without needing to contribute one cent to the economy

This needs a lot of elaboration for a coherent discussion.

There are some cases of definite note, where your point is quite well taken. Not so many as are often presented though. It is a problem, but it may not be a large enough one that it is a larger problem than the solutions. There are some very unattached wealthy, who sponsor some extraordinarily ill-conceived politics, but most of the arguments I hear on this are in the end, simple envy. Maybe there is an elegant solution, or even delineation.

Some of the common complaints in this area are also often a lack of appreciation of the function and value of investment.


Millions of dollars are stashed away in offshore banks, itself a major issue

What is the major issue you see here? This can go a number of different ways.

Crony capitalism is not capitalism, and neither is Corporatism. I think we have vigorous agreement here. The whole idea of the government selecting economic winners and losers is anathema to classical liberalism. Corporatism just moves/spreads the flaws of big government to another entity.


214 posted on 07/29/2019 4:22:06 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: lepton

We’re mostly in agreement for what you say. Offshore banks, however, are a repository for all sorts of illicit income to government and policy.

There is undoubtedly a tinge of envy for a situation which we know will not come again during the prime of our lives. It comes with a desire to improve from the flaws of before


219 posted on 07/29/2019 4:36:18 PM PDT by Ulmius
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