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Virtually Everyone Has Missed What's Wrong With Romney's 47% Comment
Forbes ^ | 09/21/2012 | Harry Binswanger, Contributor

Posted on 09/21/2012 6:51:52 AM PDT by SeekAndFind

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To: SeekAndFind
Instead we must recognize that each man is an end in himself not a means to the ends of others. Only then will the entitlement state be replaced the original American conception of the right to life, liberty, and the pursuit of happiness.

also:

1) man exists for his own sake and not as a sacrificial animal that exists for the sake of others
2) a man is the proper beneficiary of his own action.

41 posted on 09/21/2012 9:00:12 AM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: SeekAndFind
the absurd notion that men’s ideas count for nothing and that their actions are determinstically governed by their economic class.

Indeed, absurd.

However, the reverse is true: ideas have pervasive consequences, and economic class is near unto a deterministic outcome of their actions.
And THAT is what Romney was getting at.

42 posted on 09/21/2012 9:06:18 AM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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To: RFEngineer

Exactly, “I’m gonna get me some of that obama stash. He gonna gib it to me.”

As for this: “In presidential elections, the majority vote according to what they think is right.”

Horseshit.

On the other hand, he did paint some probably god people with a very broad and probably undeserved black brush. The application to the label of dependent to 47% as all being in the entitlement class is wrong. There are some good people in the lower tax brackets who are just following the foolish tax law allowances and exclusions given by Bush II. Having so many people tax exempt was a bad idea then and a terrible idea now.

There are also people Romney branded as part of the entitlement class who are collecting SS benefits they did contribute to. It is not their responsibility that the program was managed terribly. It is our fault if we allow this foolishness to continue.

Maybe once upon a time people voted for those who uphold the principles of the Constitution but those days are long gone. Nearly half vote for the person who gives them the most of what the other half have worked for. They out breed the working class and they will out number the working class soon. Game over unless the “right” to raid the treasury of the working class is somehow ended.


43 posted on 09/21/2012 9:16:13 AM PDT by Sequoyah101 (Half the people are below average, they voted for oblabla.s)
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To: sportutegrl

The moochers are not ashamed, they think you should give
them even more. Ever seen that EBT Card rap? They are
proud that they get stuff working people have to pay for.
That class think you are stupid for working.


44 posted on 09/21/2012 9:32:12 AM PDT by jusduat (on the mercy of the Lord alone.)
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To: SeekAndFind

Whoever Harry Binswanger is, he is also a fool and a liar.

He must be a Democrat.


45 posted on 09/21/2012 9:35:53 AM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: BizBroker

I hope your mother is factoring in some rate of return into her calculation and isn’t just going to stop when the amount of money received is equal to the total amount paid in. Historically, a broad-based portfolio of stocks is expected to return around 8% (and, yes this is factoring in stock market declines. It even holds true for periods that include the stock market crash preceding the Great Depression).

To be more concrete, suppose your father paid a constant amount into SS for 40 years. Using an 8% rate of return, your mother is entitled to claim just over 258 times that amout before she’s exhausted what your father paid into the system. So, if he paid say $2000 per year in for 40 years, rather than $80000, your mother would actually be entitled to claim $516,000. Quite a bit of difference!


46 posted on 09/21/2012 9:59:24 AM PDT by stremba
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To: BizBroker

BTW, that gives you a better idea of just how much the FICA tax REALLY costs!


47 posted on 09/21/2012 10:02:04 AM PDT by stremba
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To: MrB
But, it still doesn't change the underlying truth. Obana sez he will expand those programs Romney sez he will reform them (which means less money even though its aimed toward cutting waste).

Bottom line the majority of those people are going to vote for the guy who promises to keep the checks coming without cuts to the program.

This is a reality and Romney at least recognizes it.

48 posted on 09/21/2012 11:14:42 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: SeekAndFind

49 posted on 09/21/2012 1:32:46 PM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Lee'sGhost

Romney’s was a materialist’s argument—that people are always going to vote by their pocketbook, so those receiving money for the government will not vote for someone like him, who would like to at least slow down the gravy train.

His underlying assumption about human motivation is Marxian, even though he was advocating a free economy.


50 posted on 09/21/2012 1:51:18 PM PDT by 9YearLurker
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