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Keyword: wealthredistribution

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  • 'We will be toasted, roasted and grilled': IMF chief sounds climate change warning

    10/25/2017 7:11:00 AM PDT · by Oldeconomybuyer · 43 replies
    The Guardian ^ | October 25, 2017 | Agence France-Presse
    The world will be in deep trouble if it fails to tackle climate change and inequality, IMF managing director Christine Lagarde has warned. “If we don’t address these issues... we will be moving to a dark future” in 50 years, she told a major economic conference in the Saudi capital Riyadh on Tuesday. Lagarde said that “we will be toasted, roasted and grilled” if the world fails to take “critical decisions” on climate change. Lagarde also called for tackling inequality between men and women and countries that are “haves” and those that are “have nots”. If the world wants a...
  • Donald Trump: The 'Fascist' Who Cuts Taxes And Deregulates (Whose policies are closer to Nazis?)

    08/23/2017 1:59:39 PM PDT · by SeekAndFind · 5 replies
    IBD ^ | 08/23/2017 | Kerry Jackson
    Evverybody knows by now that President Trump is a fascist. He's a Nazi just like the white supremacists who marched in Charlottesville, Va., on Aug. 12. We know this because the mainstream media, a host of dimwit celebrities, various Democratic politicians and the highly reputable antifa tell us he is. What we really know, though, is these groups don't know anything except how to shriek louder and longer than everyone else. A few also well know how to break other people's property and set things that don't belong to them on fire. But they don't know their history, and therefore...
  • As U.S. retreats, EU and China seek climate leadership at summit

    05/31/2017 5:40:02 PM PDT · by mdittmar · 38 replies
    reuters ^ | May 31, 2017 | Robin Emmott and Robert-Jan Bartunek | BRUSSELS
    China and the European Union will seek on Friday to save an international pact against climate change that U.S. President Donald Trump appears to be set to pull out of.As China emerges as Europe's unlikely global partner on areas from free trade to security, Premier Li Keqiang will meet top EU officials at a summit in Brussels that will also discuss North Korea's missile tests.In a statement backed by all 28 EU states, the European Union and China will commit to full implementation of the Paris Climate Agreement, EU and Chinese officials said.The joint statement, the first between the China...
  • Zimbabwe 2.0: South Africa's President Vows To Redistribute White-Owned Land And Businesses

    02/12/2017 4:22:56 PM PST · by SeekAndFind · 26 replies
    Zero Hedge ^ | 02/12/2017
    In a stark flashback to the events that led to Zimbabwe's terminal collapse into banana republic status, as well as unleashing hyperinflation and economic devastation, on Thursday South African President Jacob Zuma pledged to break up white ownership of business and land to reduce inequality, in a State of the Nation address which as the WSJ reports was disrupted by a fistfight, walkouts and a release of pepper spray in the parliamentary chamber. It appears South Africa is not fond of implementing "Rule 19." Scenes of verbal and physical clashes inside the parliament, some 27 years to the day...
  • Goldman’s Blankfein: Poor wealth redistribution behind social unrest in U.S.

    09/20/2012 7:55:10 PM PDT · by Tailgunner Joe · 27 replies
    financialpost.com ^ | September 19, 2012 | John Greenwood
    Lloyd Blankfein may be top dog at one of the world’s most powerful banks, but that doesn’t mean he’s unaware of the everyday trials and tribulations of the so-called 99%. The two goals of the economy should be to “expand the wealth of the world and to distribute [it] fairly,” the chief executive of Goldman Sachs Group Inc. told business leaders in Toronto. “And I think in the United States over the last generation or two we’ve been much better at generating wealth and much less good at distributing it.” In a question and answer session with Royal Bank of...
  • Wealth Redistribution: the original "American Dream"

    08/02/2016 3:32:41 PM PDT · by ProgressingAmerica · 8 replies
    When James Truslow Adams invented the phrase "American Dream" in 1931, did he have in mind some nebulous tabula rasa that you or I could put anything you or I wanted to put onto it? Or did Adams have something specific in mind? What was James Truslow Adams' dream? When Adams invented the phrase, here is what he wrote: (the most widely quoted paragraph, seen everywhere around the internet) If, as I have said, the things already listed were all we had had to contribute, America would have made no distinctive and unique gift to mankind. But there has been...
  • Progressivism and the scam of "The American Dream"

    07/25/2016 9:38:04 AM PDT · by ProgressingAmerica · 10 replies
    If you only read the title of the blog entry, you're wasting your time and missing the important details. I know I just jammed a big huge red button, but this really needs to be written. It's very important for understanding progressive ideology. First, who invented the phrase "American Dream"? It was James Truslow Adams. What, exactly, did he write? See, what the progressives don't want you and I to do is to actually go and pick up some of these books and commit the heinous act of actually reading them. In The Epic of America, Page 404, he writes:...
  • S. Africa bill to redistribute whites’ land to blacks risks leaving people homeless

    05/28/2016 3:26:36 PM PDT · by dontreadthis · 138 replies
    rt.com ^ | 27 May, 2016
    South Africa’s parliament has approved a bill that would see the government make compulsory land purchases from rich whites and redistribute it more fairly to address racial disparities, two decades after the fall of apartheid. The ruling African National Congress (ANC) has the August elections to consider, and the party has promised to ramp up the series of measures with its Expropriation Bill, South Africa’s Mail & Guardian reports. Having passed the National Assembly, which added changes on Thursday, the bill will now head to President Jacob Zuma’s desk for signing. The bill combines a series of measures that would...
  • Another Climate Alarmist Admits Real Motive Behind Warming Scare

    04/03/2016 7:21:53 PM PDT · by EveningStar · 15 replies
    Investor's Business Daily ^ | March 29, 2016 | Editorial
    Fraud: While the global warming alarmists have done a good job of spreading fright, they haven’t been so good at hiding their real motivation. Yet another one has slipped up and revealed the catalyst driving the climate scare. We have been told now for almost three decades that man has to change his ways or his fossil-fuel emissions will scorch Earth with catastrophic warming. Scientists, politicians and activists have maintained the narrative that their concern is only about caring for our planet and its inhabitants. But this is simply not true. The narrative is a ruse. They are after something...
  • Summer 2015 Was The Hottest In Recorded History, NOAA Finds

    09/17/2015 2:23:58 PM PDT · by PROCON · 56 replies
    HUFFPO ^ | Sep. 17, 2015 | Laura Barron-Lopez
    WASHINGTON -- The summer of 2015 was the warmest on record in 135 years, federal scientists said on Thursday. The period from June through August this year registered “the highest” average temperature across land and ocean surfaces on the planet, according to data released by the National Oceanic and Atmospheric Administration. During the three-month time span, global land and ocean temperatures jumped up 1.53 degrees Fahrenheit above the 20th century average, beating the record set in 2014 by .20 degrees Fahrenheit. The graph below, from the National Oceanic And Atmospheric Administration, illustrates how much higher temperatures are than in...
  • Donald Trump: Tax the Rich More

    08/28/2015 12:18:58 PM PDT · by z taxman · 170 replies
    CNN ^ | Aug. 28, 2015 | Heather Long
    Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat. America has now learned: -- He wants to tax the rich more and the middle class less. -- He wants to lower corporate taxes. -- He wants to cut government spending and stop raising the debt ceiling. "The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class." In short, Trump is willing to raise taxes on...
  • EPA’s Clean Power Plan Contains Antipoverty Transfer Programs

    08/15/2015 5:44:43 AM PDT · by markomalley · 9 replies
    Washington Free Beacon ^ | 8/14/15 | Ali Meyer
    The Environmental Protection Agency’s (EPA) Clean Power Plan, which aims to reduce carbon pollution, contains an antipoverty transfer program to help offset the harm it does to the poor, a Wall Street Journal editorial explained.According to WSJ, the EPA has stated that they are concerned about low-income communities and wants to ensure that they benefit from the implementation of their regulations.“At the federal level, the EPA is creating a program that gives twice as large a subsidy for renewable and efficiency projects that are built in inner-city neighborhoods and disadvantaged rural areas,” states the article. “There will be job retraining...
  • The Pope's new world order: Francis calls for the 'goods of the Earth' to be shared [Truncated]

    07/08/2015 12:05:10 PM PDT · by Up Yours Marxists · 82 replies
    The Daily Mail UK ^ | July 7, 2015 17:38 UTC | Simon Tomlinson
    Pope ends first leg of his three-nation South American tour with impassioned plea to safeguard the environmentDelivered message in Ecuador, which has one of the world's most diverse ecosystems but is also reliant on oil He said: 'As stewards of these riches, we have an obligation toward society and toward future generations' (...) 'As stewards of these riches which we have received, we have an obligation toward society as a whole and toward future generations,' Francis said. 'We cannot bequeath this heritage to them without proper care for the environment, without a sense of gratuitousness born of our contemplation...
  • Barack Obama's 'Lottery Winners'

    05/20/2015 12:06:19 PM PDT · by Kaslin · 23 replies
    Townhall.com ^ | May 20, 2015 | Ben Shapiro
    Last week, President Obama held a summit on poverty at Georgetown University. There, he explained that unrest in major American cities could be traced not to lack of values, but to simple lack of cash -- and that lack of cash, he suggested, could be attributed to simple lack of luck. "The top 25 hedge fund managers made more than all of the kindergarten teachers in the country," Obama stated. "You pretty much have more than you'll ever be able to use or anyone in your family will ever be able to use. There's a fairness issue involved here." He...
  • Walter E. Williams on Government-Induced, Economic Slavery

    05/14/2015 1:38:07 PM PDT · by impetrio1 · 3 replies
    Black & Blonde Media ^ | 5/14/15 | Bob Parks and Laura Erickson
    In the second part of an exclusive interview with B&B Media, Professor Walter E. Williams explains how the government’s ability to force one individual into giving his or her property (taxes) to another is, in essence, slavery.
  • Income Transfer, Not Income Tax

    04/16/2015 3:58:48 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 16, 2015 | Jackie Gingrich Cushman
    Campaigning for reelection, President Barack Obama often talked about the importance of everyone paying their "fair share" of taxes. The assumption was that there was general agreement about what fair share means. The underlying message is that those who earn more should pay more than they already are; that what the top 10 percent are paying is just not enough. This week, a Wall Street Journal article titled "Top 20 Percent of Earners Pay 84 Percent of Income Tax" by Laura Saunders provides a different perspective than we are used to hearing regarding who pays what income taxes. Nearly "half...
  • Redistributing wealth may be all that staves off collapse

    03/22/2015 9:12:40 AM PDT · by artichokegrower · 128 replies
    San Francisco Chronicle ^ | March 20, 2015 | Robert Reich
    It’s now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it. At its prime in 1988, Eastman Kodak, the iconic American photography company, had more than 145,000 employees. In 2012, Kodak filed for bankruptcy. The same year Kodak went under, Instagram, the world’s newest photo company, had 13 employees serving 30 million customers.
  • Where Are You, Country?

    02/14/2015 7:49:11 PM PST · by 2ndDivisionVet · 9 replies
    American Thinker ^ | February 14, 2015 | Gary Horne
    Where are you, country? Why can’t I find you? Why have you gone away? Adapting Cindy Lou’s song about the loss of Christmas spirit in Whoville expresses the sadness for what as been lost in my country. When I was a young boy in the small town of Piedmont, Missouri, the local physician, Doc Jones, would come to your house if you were sick. People paid him in cash, or perhaps some other goods. No one imagined they had a “right” to have someone else pay Doc Jones. It was their solemn duty, part of leading a responsible and moral...
  • The Wisdom of Bastiat, as Revealed by Great Moments in Federal, State, and Local Government

    01/31/2015 11:10:54 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | January 31, 2015 | Daniel J. Mitchell
    >I’ve periodically cited the great 19th-century French economist, Frederic Bastiat, forhis very wise words about the importance of looking at both the seen and the unseen when analyzing public policy.Those that fail to consider secondary or indirect effects of government, such as Paul Krugman, are guilty of the “broken window” fallacy.There are several examples we can cite.A sloppy person, for instance, will think a higher minimum wage is good because workers will have more income. But a thoughtful analyst will think of the unintended consequence of lost jobs for low-skilled workers.An unthinking person will conclude that government spending is good...
  • Republicans outfox Democrats on climate votes

    01/22/2015 7:15:14 AM PST · by 2ndDivisionVet · 17 replies
    The Politico ^ | January 21, 2015 | Elana Schor and Darren Goode
    The GOP accepts the notion of climate change - but not the way Democrats wanted them to.Senate Republicans head-faked Democrats on climate change Wednesday, agreeing in a floor vote that the planet’s climate was changing, but blocking language that would have blamed human activity. In a complicated maneuver that was the first politically perilous test for Senate Republicans, the new majority party split up the votes that Democrats had hoped would force the GOP into an awkward roll call on whether they believed in the science behind climate change — just hours after President Barack Obama slammed Republicans in his...