GnauzBookOfRhymes
Superstar
Firstly you can be against BOTH
Secondly regulation is a sham....
Liberals are very pro-regulations but they never talk about cronyism.
Look who Obama appointed as the head of regulatory bodies, it's the execs of the same people who were the architects of the bubble.
From Execs of Chase Bank to Monsanto do yo homework!
You're talking about several different issues. Your original post only talked about people sitting on their asses and redistribution of wealth - hence my comment that this is basically an urban legend that is used by the right wing to demonize poor people who rely on social security, medicaid, disability, food stamps etc - when in the grand scheme of things those are monies that people have paid into (social security for instance), or are dwarfed when compared to the real welfare system currently in place (corporate welfare, tax credits/tax deductions that are generally only available if you have high priced tax attorneys/accountants managing your money). It's all smoke and mirrors.
Just look at the recent revelations regarding Trump being able to deduct almost $1 BILLION dollars of future income solely based on the fact that he was able to run all of his companies into the ground. Look at the carried interest provisions that allow hedge fund managers to pay a tax rate at the capital gains rate rather than the standard rate. The point of taxing capital gains at a lower rate is that you want to give people an added incentive to actually risk their own money by investing it elsewhere (the stock market or buying/selling properties etc). But hedge fund managers are not risking any of their own money. They are simply pooling together other people's money. How is that fair that someone who has ZERO skin in the game can pay a lower tax rate then someone who uses their own hard earned money to buy/sell securities?
I agree with you about Obama - but he is not a progressive and I don't think he ever really claimed to be one. People read that into him because that's what they wished he would be. Not sure what regulations you're talking about but again you're sort of missing the point. The lack of REAL regulations is largely to blame for why it is that people who were responsible for the bubbles are back in government. People from both parties have weakened what are called revolving door rules. That is why the SEC and all of these financial "regulators" never actually go after the criminals.