Reply To: Boron availability

[Breakable]

Aeronaut wrote: kieran, I don’t get the part about the rich getting that way by hoarding. My understanding is that they get that way by reinvesting otherwise idle capital to (hopefully) make more to invest. A lack of leadership could make it look like hoarding, which would also be dumb because it makes the hoarded money even more taxable.

The scenario you described above sure looks like it’s straight out of Obama’s playbook,imo, designed to socialize America.

Thats the question:Invest in what? The biggest ROI might not be most beneficial for society. Actually if we believe in former world bank president, usually the crappiest projects get green light.
I think the government thinks it is easier to transfer wealth in large quantities, so instead of millions of transactions a few thousand each (supporting the entrepreneurs) it likes to do a few transactions in thousands of millions (support the banks) and the banks that receive this low interest government guaranteed loans just re-loan it at much-higher rates to stupid projects that they don’t care about pocketing the difference. So it is a very lucrative middle man position. I think in this age of technology we should have the means to eliminate it, but the question is how hard it is. My computer should explode any second now….