The US Economy is the “Envy of the World.” -Cheney

[patientlywaiting]

As U.S. Outsources Legal Work, India’s Law Grads Prosper
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/10/AR2008051001517.html

By Rama Lakshmi
Washington Post Foreign Service
Sunday, May 11, 2008; Page A01

GURGAON, India — When Aashish Sharma graduated from law school two years ago, his father had visions of seeing him argue in an Indian court and eventually become an honorable judge.

Instead, Sharma, 25, now sits all day in front of a computer in a plush, air-conditioned suburban office doing litigation research and drafting legal contracts for U.S. companies and law firms. He is part of a booming, new outsourcing industry in India that employs thousands of English-speaking lawyers such as him to do legal work at a small fraction of the cost of hiring American lawyers.

[CA renter]

The best thing we can do to help our economy is get more money into the hands of those that are going to spend it the fastest.
———————–
Exactly. Money that goes to the government — especially if it is used for payroll — ends up back in the economy much more quickly than if a “rich” person is allowed to hoard it. Poor people spend money in ways that make other people better-off because they buy all the little things that are used in daily life and employ the majority of the population. This spending gets money to others **without any strings or further obligations (interest, etc.) attached.**

Investors use money to get more money (returns on investments), and the goal of every investor is to take money out of someone else’s pocket and put it into their own. This myth (capital is more valuable than labor) was spread by the very people who brought us to where we are today — the top of a credit bubble with a tremendous portion of population carrying debt that they can never hope to repay — and no real assests of their own.

Banks (and the corporations/politicians that feed and enable them) want us to believe that we could not survive without them — and especially that we could not survive without thier “kind and generous” offers of ever-increasing credit. It is a lie meant to enslave the working class by forcing them into ever-rising debt loads that make bankers, etc. very, very wealthy at the expense of the working classes.

Bankrupt, greedy gamblers, all. When capital is more highly valued than labor, IMHO, it is the sign of a collapsing society.
****************

In full disclosure, all of my personal income comes from investing, so what I’m saying is not in my own best interests. However, I can certainly tell the difference between right and wrong / constructive and destructive.

[CA renter]

The best thing we can do to help our economy is get more money into the hands of those that are going to spend it the fastest.
———————–
Exactly. Money that goes to the government — especially if it is used for payroll — ends up back in the economy much more quickly than if a “rich” person is allowed to hoard it. Poor people spend money in ways that make other people better-off because they buy all the little things that are used in daily life and employ the majority of the population. This spending gets money to others **without any strings or further obligations (interest, etc.) attached.**

Investors use money to get more money (returns on investments), and the goal of every investor is to take money out of someone else’s pocket and put it into their own. This myth (capital is more valuable than labor) was spread by the very people who brought us to where we are today — the top of a credit bubble with a tremendous portion of population carrying debt that they can never hope to repay — and no real assests of their own.

Banks (and the corporations/politicians that feed and enable them) want us to believe that we could not survive without them — and especially that we could not survive without thier “kind and generous” offers of ever-increasing credit. It is a lie meant to enslave the working class by forcing them into ever-rising debt loads that make bankers, etc. very, very wealthy at the expense of the working classes.

Bankrupt, greedy gamblers, all. When capital is more highly valued than labor, IMHO, it is the sign of a collapsing society.
****************

In full disclosure, all of my personal income comes from investing, so what I’m saying is not in my own best interests. However, I can certainly tell the difference between right and wrong / constructive and destructive.

[CA renter]

The best thing we can do to help our economy is get more money into the hands of those that are going to spend it the fastest.
———————–
Exactly. Money that goes to the government — especially if it is used for payroll — ends up back in the economy much more quickly than if a “rich” person is allowed to hoard it. Poor people spend money in ways that make other people better-off because they buy all the little things that are used in daily life and employ the majority of the population. This spending gets money to others **without any strings or further obligations (interest, etc.) attached.**

Investors use money to get more money (returns on investments), and the goal of every investor is to take money out of someone else’s pocket and put it into their own. This myth (capital is more valuable than labor) was spread by the very people who brought us to where we are today — the top of a credit bubble with a tremendous portion of population carrying debt that they can never hope to repay — and no real assests of their own.

Banks (and the corporations/politicians that feed and enable them) want us to believe that we could not survive without them — and especially that we could not survive without thier “kind and generous” offers of ever-increasing credit. It is a lie meant to enslave the working class by forcing them into ever-rising debt loads that make bankers, etc. very, very wealthy at the expense of the working classes.

Bankrupt, greedy gamblers, all. When capital is more highly valued than labor, IMHO, it is the sign of a collapsing society.
****************

In full disclosure, all of my personal income comes from investing, so what I’m saying is not in my own best interests. However, I can certainly tell the difference between right and wrong / constructive and destructive.

[CA renter]

The best thing we can do to help our economy is get more money into the hands of those that are going to spend it the fastest.
———————–
Exactly. Money that goes to the government — especially if it is used for payroll — ends up back in the economy much more quickly than if a “rich” person is allowed to hoard it. Poor people spend money in ways that make other people better-off because they buy all the little things that are used in daily life and employ the majority of the population. This spending gets money to others **without any strings or further obligations (interest, etc.) attached.**

Investors use money to get more money (returns on investments), and the goal of every investor is to take money out of someone else’s pocket and put it into their own. This myth (capital is more valuable than labor) was spread by the very people who brought us to where we are today — the top of a credit bubble with a tremendous portion of population carrying debt that they can never hope to repay — and no real assests of their own.

Banks (and the corporations/politicians that feed and enable them) want us to believe that we could not survive without them — and especially that we could not survive without thier “kind and generous” offers of ever-increasing credit. It is a lie meant to enslave the working class by forcing them into ever-rising debt loads that make bankers, etc. very, very wealthy at the expense of the working classes.

Bankrupt, greedy gamblers, all. When capital is more highly valued than labor, IMHO, it is the sign of a collapsing society.
****************

In full disclosure, all of my personal income comes from investing, so what I’m saying is not in my own best interests. However, I can certainly tell the difference between right and wrong / constructive and destructive.

[CA renter]

The best thing we can do to help our economy is get more money into the hands of those that are going to spend it the fastest.
———————–
Exactly. Money that goes to the government — especially if it is used for payroll — ends up back in the economy much more quickly than if a “rich” person is allowed to hoard it. Poor people spend money in ways that make other people better-off because they buy all the little things that are used in daily life and employ the majority of the population. This spending gets money to others **without any strings or further obligations (interest, etc.) attached.**

Investors use money to get more money (returns on investments), and the goal of every investor is to take money out of someone else’s pocket and put it into their own. This myth (capital is more valuable than labor) was spread by the very people who brought us to where we are today — the top of a credit bubble with a tremendous portion of population carrying debt that they can never hope to repay — and no real assests of their own.

Banks (and the corporations/politicians that feed and enable them) want us to believe that we could not survive without them — and especially that we could not survive without thier “kind and generous” offers of ever-increasing credit. It is a lie meant to enslave the working class by forcing them into ever-rising debt loads that make bankers, etc. very, very wealthy at the expense of the working classes.

Bankrupt, greedy gamblers, all. When capital is more highly valued than labor, IMHO, it is the sign of a collapsing society.
****************

In full disclosure, all of my personal income comes from investing, so what I’m saying is not in my own best interests. However, I can certainly tell the difference between right and wrong / constructive and destructive.

[SDEngineer]

CA Renter….good post, and one I agree with wholeheartedly. A nation made up solely of investors wouldn’t last very long I’m thinking. You’re in good company though, as I understand that Warren Buffett shares pretty much the same viewpoint.

Capitalism is a wonderful force for motivating people to work hard and save money, but it has to be moderated to prevent the mass accumulation of capital in an “investor class” for just that reason, or you wind up with Feudalism by another name (with the capitalists of course as the nobility, and everyone else as their serfs).

Unfortunately, taxation and wealth redistribution on some scale are a necessity given capitalisms inherent tendencies towards this kind of concentration of wealth into an investor class. Sadly, most people are unable to look past their own pocketbook and see that this, in the end, is a benefit to all, and the only way to maintain the system. They just see the money disappearing into the government. But it is a balancing act – you have to maintain enough disparity that most people will work hard to achieve the dream, and CAN achieve the dream if they work hard enough, but not so much that people give up on it as being unattainable. Right now, I think we’re getting close to the “giving up on it” part for a LOT of what used to pass for the middle class.

[SDEngineer]

CA Renter….good post, and one I agree with wholeheartedly. A nation made up solely of investors wouldn’t last very long I’m thinking. You’re in good company though, as I understand that Warren Buffett shares pretty much the same viewpoint.

Capitalism is a wonderful force for motivating people to work hard and save money, but it has to be moderated to prevent the mass accumulation of capital in an “investor class” for just that reason, or you wind up with Feudalism by another name (with the capitalists of course as the nobility, and everyone else as their serfs).

Unfortunately, taxation and wealth redistribution on some scale are a necessity given capitalisms inherent tendencies towards this kind of concentration of wealth into an investor class. Sadly, most people are unable to look past their own pocketbook and see that this, in the end, is a benefit to all, and the only way to maintain the system. They just see the money disappearing into the government. But it is a balancing act – you have to maintain enough disparity that most people will work hard to achieve the dream, and CAN achieve the dream if they work hard enough, but not so much that people give up on it as being unattainable. Right now, I think we’re getting close to the “giving up on it” part for a LOT of what used to pass for the middle class.

[SDEngineer]

CA Renter….good post, and one I agree with wholeheartedly. A nation made up solely of investors wouldn’t last very long I’m thinking. You’re in good company though, as I understand that Warren Buffett shares pretty much the same viewpoint.

Capitalism is a wonderful force for motivating people to work hard and save money, but it has to be moderated to prevent the mass accumulation of capital in an “investor class” for just that reason, or you wind up with Feudalism by another name (with the capitalists of course as the nobility, and everyone else as their serfs).

Unfortunately, taxation and wealth redistribution on some scale are a necessity given capitalisms inherent tendencies towards this kind of concentration of wealth into an investor class. Sadly, most people are unable to look past their own pocketbook and see that this, in the end, is a benefit to all, and the only way to maintain the system. They just see the money disappearing into the government. But it is a balancing act – you have to maintain enough disparity that most people will work hard to achieve the dream, and CAN achieve the dream if they work hard enough, but not so much that people give up on it as being unattainable. Right now, I think we’re getting close to the “giving up on it” part for a LOT of what used to pass for the middle class.

[SDEngineer]

CA Renter….good post, and one I agree with wholeheartedly. A nation made up solely of investors wouldn’t last very long I’m thinking. You’re in good company though, as I understand that Warren Buffett shares pretty much the same viewpoint.

Capitalism is a wonderful force for motivating people to work hard and save money, but it has to be moderated to prevent the mass accumulation of capital in an “investor class” for just that reason, or you wind up with Feudalism by another name (with the capitalists of course as the nobility, and everyone else as their serfs).

Unfortunately, taxation and wealth redistribution on some scale are a necessity given capitalisms inherent tendencies towards this kind of concentration of wealth into an investor class. Sadly, most people are unable to look past their own pocketbook and see that this, in the end, is a benefit to all, and the only way to maintain the system. They just see the money disappearing into the government. But it is a balancing act – you have to maintain enough disparity that most people will work hard to achieve the dream, and CAN achieve the dream if they work hard enough, but not so much that people give up on it as being unattainable. Right now, I think we’re getting close to the “giving up on it” part for a LOT of what used to pass for the middle class.

[SDEngineer]

CA Renter….good post, and one I agree with wholeheartedly. A nation made up solely of investors wouldn’t last very long I’m thinking. You’re in good company though, as I understand that Warren Buffett shares pretty much the same viewpoint.

Capitalism is a wonderful force for motivating people to work hard and save money, but it has to be moderated to prevent the mass accumulation of capital in an “investor class” for just that reason, or you wind up with Feudalism by another name (with the capitalists of course as the nobility, and everyone else as their serfs).

Unfortunately, taxation and wealth redistribution on some scale are a necessity given capitalisms inherent tendencies towards this kind of concentration of wealth into an investor class. Sadly, most people are unable to look past their own pocketbook and see that this, in the end, is a benefit to all, and the only way to maintain the system. They just see the money disappearing into the government. But it is a balancing act – you have to maintain enough disparity that most people will work hard to achieve the dream, and CAN achieve the dream if they work hard enough, but not so much that people give up on it as being unattainable. Right now, I think we’re getting close to the “giving up on it” part for a LOT of what used to pass for the middle class.

[CA renter]

Good posts, SDEngineer. Agree 100%.

[CA renter]

Good posts, SDEngineer. Agree 100%.

[CA renter]

Good posts, SDEngineer. Agree 100%.

[CA renter]

Good posts, SDEngineer. Agree 100%.

[Author]

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