Way too much power

[Guest]

And this is one reason why I will never discuss politics amongst most Mormons. I'd get shouted down, told I'm following the devil and that I'm not a real Mormon. So far, I haven't been told that here, but I'm sure it will come soon enough.

This is interesting to me. I'd like to know what "most Mormons" do in political discussions. I realized not too long ago that not all Mormons are anti-gay-marriage or anti-abortion or anti-anything-you-would-think-mormons-would-be-against. So, I have learned to be careful not to assume and be more sensitive in my manner of speech.

Personally, my parents ingrained in me that I should not talk politics nor religion outside a political or religious arena, unless all parties agree to talking about it without rancour. This includes family, neighbors, friends, etc.

I took this forum to be a place to present political ideas. So, I don't know why you would be personally attacked for your political views. I mean, attacking your political views is one thing. Attacking you personally is another.

[Moksha]

And this is one reason why I will never discuss politics amongst most Mormons. I'd get shouted down, told I'm following the devil and that I'm not a real Mormon. So far, I haven't been told that here, but I'm sure it will come soon enough.

A variety of opinions is always a good thing. Relax and enjoy.

[Moksha]

... you are following the devil and you're not a real Mormon.

Nearly had a flashback to the MAD forum.

[Just_A_Guy]

Nearly had a flashback to the MAD forum.

MAD forum?

[jadams_4040]

????? NO LW, I would rather that our government NOT have the authority to determine who sits in a position of management and who sits on the Board of Directors. Are you comfortable with this? You shouldn't be.

And excatly whom has been able to use the law in favor of the average american who is losing everything to these bank excects making litteraly billions in free gifts? is that the american way? is that the way the lord would have us be?

[bytor2112]

And excatly whom has been able to use the law in favor of the average american who is losing everything to these bank excects making litteraly billions in free gifts? is that the american way? is that the way the lord would have us be?

Americans aren't losing everything to bank execs.....your comments are ??????:huh: comments are????? not based in reality? or rational thought? Saying they are just stupid comments would be rude.....and I don't want to be rude, but seriously, your comments are just, just.......SIGH:confused:

[Moksha]

MAD forum?

Another forum from this. It is an acronym for something or other. It is not really insane, just capricious. :)

[a-train]

What, would you rather the banks fail under bank runs?

YES. It is immoral, unethical, and destructive of wealth to take assets from productive entities and give them to entities that destroy value. Such a process is bad for the economy as a whole and is rooted only in cronyism.

If there were a house fire, would the rational man seek to prevent its spread, or would he forcibly take the furniture from other houses in the neighborhood and cast it into the blaze?

Burning financial institutions should be put out. Those who stand to lose deposits have insurance to protect them. It is reasonable and ethical to simply award the insured their claims and allow what assets remaining under the control of the failed bank to be sold at market value. The stock holders in the bank should get no guarantee from the uninvested taxpayers.

The same goes for auto companies, insurance companies, lenders of every sort, all businesses. The so-called "to big to fail" bit is completely ridiculous. AIG HAS failed, GM HAS failed.

Government's proper role is not to transfer losses on business investments from the investors to productive entities not invested in the failed institution. Rather, government's proper role is to PROTECT property rights and PREVENT those who stand to lose on investments from casting their losses on innocent third parties.

What is most tragic about all of this is that, like the house fire wherein the neighbor's furniture is cast into the blaze, the overall effect is a greater destruction of wealth in the economy as a whole than what would otherwise be realized. By giving more wealth to the wealth destroyers, we simply take more wealth out of the overall stock of wealth in the economy. Everyone suffers as a result.

The appropriate action of government is to protect private property rights and allow the free-market to divert assets from wealth destroyers and towards wealth producers.

-a-train

Edited April 10, 2009 by a-train