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Forum Post: these banks and wall street firms create NOTHING

Posted 12 years ago on Nov. 26, 2011, 4:41 p.m. EST by zati321 (169)
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...they just move money around. its not marxism to suggest they pony up, say, $500 bilion of their huge profits to provide college scholarships and a better education system, so america will be able to reap the rewards of all the incredible new advances in technology: genetics, rototics, nano-tech...instead, better qualified foreign applicants are pouring into our world-best universiites, getting their education, then RETURNING to their home countries, to benefit those other countries.



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[-] 0 points by Edgewaters (912) 12 years ago

You're right it has absolutely nothing to do with Marxism. The idea of taxing business interests was around long, long before Marx. So were public libraries and roads.

Heck, even Adam Smith that these so-called "conservatives" worship - well guess who was the first person to propose a graduated income tax? Yep, Adam Smith:

The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

These guys are basically just full of bullshit, they'll pervert history and truth, twist anything anyone says to suit their radical agenda, which is to eliminate every rule and law that pertains to the most powerful and let them run amok as they please.