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Yes, it is the utra-liberal Washington Post, but occassionally their editors make a mistake and let some REAL American in. This is time is Neel Kashakari.
For those who aren't familer with Kashakri
So Kashakri is telling it as it is to the greedy swine who steal money out of the mouths of the hard working rich in an article titled
No more 'me first' mentality on entitlements
It is very simple; greed is good. It encouraged countless generations of Americans like Carnegie, Rockefeller and JP Morgan to do the hard and thankless work to make their country the greatest on earth. Pure uninhibited selfishness has led (with some minor exceptions) to 150 years of uninterrupted prosperity. That is why it in the public interest the Rich hold 90% of the nation's wealth, not have to pay taxes and be allowed to pass those fortunes on to their children.
If greed is not rewarded why should any of them work at all?
HOWEVER, this "greed is good" it totally unacceptable went it comes to social entitlements. The poor did not EARN the right to be paid to do nothing like the son of a hard working CEO. This is just money wasted that cripples the countries potential and moral fiber. Americans need to know they can rely on themselves, not be some economic cripple like FDR and be forced to rely on some Nanny State.
There is a time for collective public action; like when we need to wage wars upon other people's. That is time for selflessness and American citizens should be willing step forward to fill the ranks of our nations military. They need to drop their selfishness and understand American business has every right to get top dollar for the equipment they supply to fight these wars too. They need to understand the rich need to focus on war production and not be distracted so their son's should be exempted from any conscription.
Americans just need to get over their selfishness.
For those who aren't familer with Kashakri
The writer, a managing director of the investment management firm PIMCO, served as an assistant Treasury secretary during the George W. Bush administration. He led the Office of Financial Stability and ran the Troubled Assets Relief Program until May 2009.
No more 'me first' mentality on entitlements
The fiscal crisis in Europe has awoken Americans to the enormous challenge we face from entitlements. The promises our country has made over the past few decades, combined with changing demographics and rising costs, have put us on a path to national insolvency. Unless we control our deficits we will face stifled economic growth and impaired standards of living, perhaps even as soon as a few years from now. Most economists agree that raising taxes cannot pay for these commitments; entitlements must be cut. Before we can embrace any reform proposals, however, we must understand the influence our culture has on our decision making.
A nation’s culture can have a profound impact on its competitiveness. Our shared beliefs in free markets, fair play and the rule of law inspire entrepreneurs to pursue their dreams and give global investors confidence to bring their money to America. These beliefs have passed from citizen to citizen, from generation to generation. They have strengthened over our history and brought an important competitive edge to the United States.
Our belief in free markets is founded on the idea that each individual acting in his or her self-interest will lead to a superior outcome for the whole. The financial crisis has reminded us that free markets are not perfect—but they do allocate capital better than any other system we know. A “me first” mentality usually makes markets more efficient.
But this “me first” mentality can also lead to shortsighted political decision making. Most Americans agree that we need more energy from clean sources, such as wind power—until someone proposes installing a transmission line near their homes. Most people are against earmarks—unless it is their representative scoring money for their district.
A nation’s culture can have a profound impact on its competitiveness. Our shared beliefs in free markets, fair play and the rule of law inspire entrepreneurs to pursue their dreams and give global investors confidence to bring their money to America. These beliefs have passed from citizen to citizen, from generation to generation. They have strengthened over our history and brought an important competitive edge to the United States.
Our belief in free markets is founded on the idea that each individual acting in his or her self-interest will lead to a superior outcome for the whole. The financial crisis has reminded us that free markets are not perfect—but they do allocate capital better than any other system we know. A “me first” mentality usually makes markets more efficient.
But this “me first” mentality can also lead to shortsighted political decision making. Most Americans agree that we need more energy from clean sources, such as wind power—until someone proposes installing a transmission line near their homes. Most people are against earmarks—unless it is their representative scoring money for their district.
If greed is not rewarded why should any of them work at all?
HOWEVER, this "greed is good" it totally unacceptable went it comes to social entitlements. The poor did not EARN the right to be paid to do nothing like the son of a hard working CEO. This is just money wasted that cripples the countries potential and moral fiber. Americans need to know they can rely on themselves, not be some economic cripple like FDR and be forced to rely on some Nanny State.
There is a time for collective public action; like when we need to wage wars upon other people's. That is time for selflessness and American citizens should be willing step forward to fill the ranks of our nations military. They need to drop their selfishness and understand American business has every right to get top dollar for the equipment they supply to fight these wars too. They need to understand the rich need to focus on war production and not be distracted so their son's should be exempted from any conscription.
Americans just need to get over their selfishness.
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