Paulson: What would we do if Ayn Rand's novel were real?

Ventura County Star ^ | 3/16/2009 | Terry Paulson

[andy58-in-nh]

Yep. Some words with which to familiarize yourself for the “Obama Economy”: Payments-in-kind. Barter. Cash Only.

[Billthedrill]

Even the Obameister cannot redistribute that which has never been created.

Yes, he can, which is why this is so very dangerous. All he has to do is pretend that the wealth exists and print money sufficient to cover his redistribution of it. Inflation will inevitably result, for which he will have ready a public relations campaign that will utilize his media resources to point the blame at the Republicans. That isn't what he's going to do, it's what he is already doing.

[Mad Dawgg]

" What would we do if Ayn Rand's novel were real?"

EDIT: What would we do if should we do now that Ayn Rand's novel were real is our reality?

[Paladin2]

Those flies are hard to catch without killing them.

[GonzoGOP]

A lot of people are playing this game with the banks in the Caribbean. Mostly its just laundering drug money, but the same methods could be used to hide legitimate income from Obama. I brought up Switzerland because last week it was in the news for doing exactly what I was talking about. The big Swiss banks are hiding large amounts of money from international customers in accounts. The US is trying to make them turn over the names to the IRS and the banks are trying to fight it.

There is a price to be paid to play this game. Up to now the difference in the tax rates has not been high enough to take the risk / pay the opportunity cost to relocate.

Remember how back in the 1960s all the British movie stars and musicians, including The Beetles became US citizens to dodge the 95% taxes in Britain for income over 1 million pounds per year. When the rates moved closer, ours went up and theirs came down, they all went home again.

Also America's dominance of banking has made this game hard to play up until now. But with our banks in collapse it will be much easier to get away with hiding the money.

[Paladin2]

Some Summers I also went to Camp Literal, other Summers to Camp Metaphorical. It’s convenient (and some times humorous)
to be able to paddle from one to the other.

[Pessimist]

You mean it isn’t?

I better send back my “Who is John Galt?” license plate frame then...

[skully]

It's not just the top tax payers who should go Galt; It's the middle and lower payers too. Once the looters aren't getting enough from the high end; they'll turn their attention on the lower ranks to supplement falling revenues.

Which leads to my tag line:

[stockpirate]

I know, but the strange thing is I’m involved with a startup materials company that produces Mg that is up to 20% stronger than Al 6061 T6, it can be extruded, while being about 33% lighter and has a lot of other great properties.

Now if we could just color it green.

[andy58-in-nh]

It's going to be hard to blame the Republicans for a Democrat-controlled Treasury Department running the printing presses day and night to pay for Obama's tax-and-spending programs, especially since almost none of them voted for it. I do not believe he could possibly get away with it, even with the dumbing-down of America so far advanced.

In any case, early next year Obama's tax hikes will become fully effective, depressing any revived economic growth just as a tsunami of dollars floods the market. It will not be pretty.

[andy58-in-nh]

Those flies are hard to catch without killing them.

You must use very tiny nets.

[andy58-in-nh]

Better than those poor souls forced to go to Camp Zen. They had to build campfires by rubbing one stick together.

[Paladin2]

That’s somewhat funny in that we went between steel weldments and Mg castings for Clutch and Brake Pedal Brackets multiple times over ten years. Cost vs. weight. (I was always in favor of Mg - it makes a better fire).

[stockpirate]

Our Mg does not support combustion up to the liquidous state.

11% elongation.

Strength to weight ratio greater than Ti.

[Paladin2]

LOL, My parents would never send me to Camp Zen. Too radical.

I even tried to go to Berkeley in the 60's but was sent to a great Eastern Technological Institution paralyzed around Science instead.

[Redleg Duke]

Love that bumper sticker!

[Paladin2]

"Our Mg does not support combustion"

I find that disappointing. ;-)

[GonzoGOP]

As backup here are some links to stories from Friday
http://www.freerepublic.com/focus/f-news/2205307/posts
http://www.freerepublic.com/focus/f-news/2205005/posts
Now the Swiss may roll on this due to pressure Obama is putting on them due to AIG's financial issues, but I think that qualifies as getting a hint that it is being done.

[shezza]

My thoughts exactly. I'm reading through it again for the fourth time (it had been years), and I am astounded repeatedly with the uncanny similarities between the asinine declarations and directives handed down by the gubmint in the book and the "plans" of our own real-life buffoons who are just trying to create a utopia for the greater good (or is it for the children? I forget). It seems as though the Obama administration goons are using the fictional James Taggart-Boyle-Mouch trifecta as a how-to guide (not realizing, perhaps, that those are the BAD GUYS in the novel...at least to the rest of us they are).

I swear -- by my life and my love of it -- that I will never live for the sake of another man, nor ask another man to live for mine.

[stockpirate]

As a former F/F I agree in that respect. It’s why we no longer have real Mag wheels. But soon we will, hopefully.