David Stockman: Europe's QE Debt Spree Has Robin Hood Spinning in His Grave
We all know this is coming, only fools and diehards claim otherwise.
It rails against gentrification and making certain neighborhoods "less sketchy" by bringing in Whole Foods, Starbucks and Trader Joe's, etc.
So the answer is more slums?
I grew up in one and don't want to go back.
I lived in a neighborhood that was ruined by High density housing. I wish I was rich I would find a beautiful home
and count my money.
So the “upper middle class” is the problem now. The new Goldstein to rail and scream and flail against?
Like small business owners?
Like mid to upper managers?
Like just starting to become successful entrepreneurs?
Guys that are too rich to qualify for many breaks on anything, but not rich enough to be able to afford accountants that cost a lot of money to shield their assets from big taxes?
Gimme a g-damn break.
Considering the unemployment, fraud, waste and redistribution schemes govt at every damn level has, everyone is clinging onto everything as much as possible to keep it away from the giant sucking sound of govt hoovering in as much of your money as it can.
I think that anyone associated with the created “wealth” of this fictitious Stock Market is fair game to be criticized. Those profiting know it is a joke and criminal. Ronald Reagan’s own David Stockman recently said so, and predicted its collapse.
David Stockman: Europe's QE Debt Spree Has Robin Hood Spinning in His Grave
We all know this is coming, only fools and diehards claim otherwise.
Can you say covetousness? Which God puts right up there as one of the big ten. yet while the poor and the less rich spend all their time coveting that of the more rich, the Super rich are stealing it all and setting up schemes to make everyone poorer with no way to get more wealth So they can have it all! if communism is all about wealth equity then how do China and Russia have so many of the world’s billionaires?
I think some of the points he makes are valid. I think the gentrified urban “bubbles”, gated communities, and college campuses liberals inhabit insulates them from the reality of their policies. But, I too hate slums and would never want to live in one.
the article seems like sour grapes to me that is typical of have nots.