tag:blogger.com,1999:blog-5956838.post8414697751014204631..comments2023-11-22T01:14:54.298-08:00Comments on amor mundi: Free Marketeers Flip Flop From Agin'-Gu'ment Looting Sprees to Big Gu'ment Bailouts in No Time FlatDale Carricohttp://www.blogger.com/profile/02811055279887722298noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5956838.post-25060145075566074292008-01-20T06:06:00.000-08:002008-01-20T06:06:00.000-08:00The problem with nationalisation/privatisation is ...The problem with nationalisation/privatisation is that it somehow tends to either leave all those who bungled the thing in charge, just changing their job title or replacing them with inexpirienced appointees. Not to mention what with loans sold and re-sold those in need of bailout _aren't_ those who set that little scheme up. <BR/><BR/>So. althogh idea of Wall Street facing the music for a change is very appealing it may be even worse for everybody than letting them get away. Something like nationalising the real estate itself might work... But they won't do it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5956838.post-52709597640563807642008-01-19T06:34:00.000-08:002008-01-19T06:34:00.000-08:00Did you ever read and review Wealth and Democracy:...Did you ever read and review Wealth and Democracy: A Political History of the American Rich by Kevin Phillips<BR/><BR/>http://www.amazon.com/gp/product/product-description/0767905334/ref=dp_proddesc_0/102-1479864-6697746?ie=UTF8&n=283155&s=booksVDThttps://www.blogger.com/profile/01496647346219341625noreply@blogger.comtag:blogger.com,1999:blog-5956838.post-31831889525468298162008-01-19T00:00:00.000-08:002008-01-19T00:00:00.000-08:00Your comment on the basic income guarantee during ...Your comment on the basic income guarantee during this whole debacle reminded me of something I've been pondering over ever since I began working with a lot of teachers and state employees: STRS and PERS. <BR/><BR/>This may not be exactly what you meant by guaranteed income (pensions these days are anything but that); but the success of PERS and STRS is something to be noted. And as I've helped edit the wiki for the articles on them, I've noticed a bit of vandalism from people who say they need to include the 'common man' into these types of pension funds. <BR/><BR/>Now, I guess my question here is two-fold: 1. Do you think that these types of public pension funds would be a viable form of income guarantees for other non-school/state employees? And if so, 2. What keeps these people from establishing their own public funds?<BR/><BR/>I realize that PERS and STRS have quite a bit of clout about them, and that people generally attack the largest targets, but if non-strs/pers workers put away 8-10% of their paycheck into their IRA invested in a low-cost mutual fund account, they could achieve, at the very least, something over and above the social security net, and perhaps even comparable to a pension retirement.<BR/><BR/>Anyway, I'll think more on it.Geoffhttps://www.blogger.com/profile/14285149134436808766noreply@blogger.com