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To: NorCoGOP

Ben Stein is correct in his article about the media trying to bash Bush into low approval ratings. The media Bush bashing played a large part in the last elections, sending many Republicans out of office as a consequence.

However, Mr. Stein sounds like a liberal democrat with his class warfare rhetoric. In fact, he even sounds like Senator Webb on that point. There is no inequality in our economy (That is a bunch of Leftist B.S. straight from their old Marxist rhetoric.). Our free market economy should be the only distributor of income and wealth, and our government should not interfere or try to reallocate what our free market economy has allocated. Mr. Stein calls himself an economist, but he is not much of one if he does not understand that point.


63 posted on 01/25/2007 10:47:18 AM PST by Hendrix
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To: Hendrix

"However, Mr. Stein sounds like a liberal democrat with his class warfare rhetoric. In fact, he even sounds like Senator Webb on that point. There is no inequality in our economy (That is a bunch of Leftist B.S. straight from their old Marxist rhetoric.). Our free market economy should be the only distributor of income and wealth, and our government should not interfere or try to reallocate what our free market economy has allocated."

It's not class warfare rhetoric. His father worked for Nixon, and Stein himself has a great conservative resume.

It is well to remember that even von Hayek said that there is a role for government in maintaining a level playing field so that the free market works properly.

I'm not sure what exactly is going on in America today, but I am increasingly convinced that there is a major trend underway.

In the 50s, any man who was a high-school graduate and veteran could support his wife and kids on his salary alone. Since arriving in Boise (and I admit that one city is not a scientifically valid sample) I have observed that the huge majority of jobs available pay from $7 to $10 per hour. That includes major employers such as Micron and Hewlett Packard.

$10 per hour is $20,800 per year before taxes, which is only $800 above the poverty level for a married couple with two children. For our family, the poverty line is $33,600, which is $16.15 per hour. Since April, I have seen very few jobs open anywhere that pay so much.

At the same time, executives are pulling down seven, eight, even nine figures, all for doing nothing more than running companies into the ground with bad decisions and corruption.

I don't know what macro factors are producing this situation, but it's beginning to look to me as though the free market is not functioning properly. If it were, surely failure would not be rewarded so handsomely.

It also seems to me that there are thousands of men who could do a better job than these nine-figure executives, and would be glad to do it for $100k. If the free market were working properly, wouldn't that be happening?

One thing that always happens in human society is that the cream rises to the top, then scum forms on top of that. I suspect that we have a budding aristocracy, the scum on top of the cream, more interested in preserving its own privilege than anything else, and that this is bringing more severe stratification.

Of course, the solution to this is not to redistribute wealth through taxation. That never works. However, I would like to see wiser men than I find a way to set the free market free again.


69 posted on 01/25/2007 11:18:06 AM PST by dsc
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