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We must find new lands from which we can easily obtain raw materials and at the same time exploit the cheap slave labor that is available from the natives of the colonies. The colonies would also provide a dumping ground for the surplus goods produced in our factories.
A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.
I want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.
Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.
Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.
This, then, is held to be the duty of the man of wealth: To set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent on him; and, after doing so, to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgement, is best calculated to produce the most beneficial results for the community--the man of wealth thus becoming the mere trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer, doing for them better than they would or could do for themselves.
Institutionalized rejection of difference is an absolute necessity in a profit economy which needs outsiders as surplus people.
A successful society is characterized by a rising living standard for its population increasing investment in factories and basic infrastructure and the generation of additional surplus which is invested in generating new discoveries in science and technology.
I want to reform the tax code so that it's simple fair and asks the wealthiest households to pay higher taxes on incomes over $250 000 - the same rate we had when Bill Clinton was president the same rate we had when our economy created nearly 23 million new jobs the biggest surplus in history and a lot of millionaires to boot.
Freedom is the by-product of economic surplus.
Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.
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