Value Microcaps Free-For-All

[lentinman]

KIK:

Nothing you say will matter UNTIL you answer how to solve the disparity of income crisis. IT WILL kill our society. Unfortunately, largely due to incredible, unbridled, unparalleled greed, the disparity has continued to widen. That's the only thing I care about. I couldn't care less who is elected or what philosophical crap anyone spouts about it. Means nothing. The problem is disparity of income and CLEARLY the existing "system" (which is incredibly BROKE) is not the answer. It's inconceivable to me that any rational (non politically biased) person would see it any differently!

Also, you argued my point. Nobody cares about the $250K person who may actually SPEND the money they make. It's the gluttony at the top that needs to be siphoned (yes, I said "siphoned") because those people are not going to spend it. Doi. Even Buffet and Gates both have said it is ridiculous. And, besides that, if we are talking earnings today, the vast majority of those people have made that money based upon a flawed system. If they are required to balance the scales, so be it!

But, like I say, I consider it a futile issue either way. I'm hardly a socialist - been conservative my whole life> I live in Kansas for crying out loud. But, I'm smart enough to recognize a catastrophic failed system - one that is certain to bring everyone down to dirt level at the present rate.

You need to be concerned with only one thing. WHO IS GOING TO SPEND THE MONEY?!?!?! The argument that if you tax the rich more, that they won't invest in the future economy is ludicrous - and has been proven so and is being proven so every single day. They are hording!!! However, the other side of the coin is who MIGHT (and almost certainly will) actually spend money if they have it. Any economy that is racing into depression should be concerned with that issue infinitely more than whether or not some rich people have a few more CDs or not.

Len


Warren Buffet (2003) "Derivatives...
are financial weapons of mass destruction... represent mega-catastrophic risk... can trigger serious systemic problems... are the result of huge-scale fraud... are like hell, easy to enter and impossible to exit"