No... the following paragraph is not a Onion satirical piece. This 81 year old multi-billionaire actually made these statements.
While Soros, whose new book, Financial Turmoil in Europe and the United States, will be published in early February, is currently focused on Europe, he’s quick to claim that economic and social divisions in the U.S. will deepen, too. He sympathizes with the Occupy movement, which articulates a widespread disillusionment with capitalism that he shares.[/i] People “have reason to be frustrated and angry” at the cost of rescuing the banking system, a cost largely borne by taxpayers rather than shareholders or bondholders.
I wonder what happened? Did he miss out this time making some cash when our economy tanked? And he seems to be looking forward to violence on our streets.
As anger rises, riots on the streets of American cities are inevitable. “Yes, yes, yes,” he says, almost gleefully. The response to the unrest could be more damaging than the violence itself. “It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States.”
You forgot Warrent Buffett, and Bill Gates... (Oh, wait...Buffett and Gates both said that they paid too little in taxes... Yeah I can see why you would leave them out...) Sorry...Didn't mean to interrupt your Soros-Derangement-Syndrome post.
LadyJazzer wrote: You forgot Warrent Buffett, and Bill Gates... (Oh, wait...Buffett and Gates both said that they paid too little in taxes... Yeah I can see why you would leave them out...) Sorry...Didn't mean to interrupt your Soros-Derangement-Syndrome post.
And you didn't. Since you never actually addressed anything that I was pointing out about Soros. But thank you for trying.
Do you know how to tell if something posted on 285 Bound as a thread topic is true and factual? The thread gets almost no traffic from our resident liberals, progressives and socialists.
he’s quick to claim that economic and social divisions in the U.S. will deepen, too.
I'd agree. Economists measure divisions by using a statistic known as the Gini coefficient.
In 1968, the Gini coefficient was at its all-time low (meaning that inequality was relatively low). About the same time, Daniel Boorstin was penning The Decline of Radicalism ). By comparison, it's just a little shy of its all-time high (meaning that inequality is relatively high), and we have people occupying (fill in your favorite street name). It rose fairly consistently starting in the 1980s.
While the US Gini coefficient is on a general rise - it's still well below the coefficients of most of South America and Southern Africa.
He sympathizes with the Occupy movement
I don't. I'm not disillusioned with capitalism --- I'm disillusioned with people.
1968 gini coefficient was low? Wasn't that when the country had race riots and draft riots, sit-ins and the murder and crime rate was much higher than it is today?
I think income inequality has less to do with revolution than the ability to rise and fall easily. I still believe in America, anyone of sufficient wit and ambition can rise to the top. (Or be corrupted by wealth and power enough to abandon revolution.) All races and both sexes can rise without constraints. A big difference compared to many other countries where priveliged minorities like the Alawites in Syria control the money and paower.
Thomas Sowell: There are no solutions, just trade-offs.
