dilettantedude

The World's Revenge

for the wingnuts who are bound by ignorance to bleat about how high taxes will wreck the us economy, let me point out that the greatest flowering of entreprenurial spirit and technological genius was in the US in the 1950s and 1960s when marginal income tax rates were between 80% and 94%. you know, putting a man on the moon? xerox, polaroid, antibiotics, the first real computers, the internet? it was a period when we paid for the enormous infrastructure this country required after ww ii - hospitals, schools, water and sewage treatment plants, roads, bridges, government buildings, etc. etc. etc. it was paid for up front, using high taxes, with a constant, low level of government debt throughout the period, no borrowing from the chinese or our grandchildren to have our goodies today. it was a more moral, more responsible generation than today's wingnuts, one that understood that a citizen paid his own way up front for his own benefits with his own taxes, and paid for his children's benefits as well to leave them better off, instead of stealing from them like the republiban has done through the scam of taxes that are too low to even maintain our childrens' living standards, never mind improve them. sheesh! ignorance of history is no excuse for selfishness and greed.

Get Out of Commodities - Barron's

This article seems to deny the reality that the BRICs really are building out their infrastructure. It's an enormous build-out, and it takes huge amounts of natural resources and it will go on for decades. It's just getting started. Sure, there will be ups and downs around the trend line, but this is NOT like the dot.com or the real estate bubble. It's productive demand exceeding available resources and with a long term tail wind.