by Garrison Gibson

Created on: March 02, 2007   Last Updated: December 26, 2009

If my writing quality improves enough qualitatively and quantitatively that the public decides to redistribute wealth my way-go ahead, make my day.

In 1980 before Carter left offices the national debt of the U.S.A. was less than one trillion dollars. During the next twelve years of a Republican administration the public debt increased to 4.5 trillion. Clinton added one trillion over eight years, then the next Republican administration ran the debt up to ten trillion and change. The Republican policy of adding public debt to substitute for taxation works until the interest is added on. The opportunity cost to society is high as well. Redistribution of wealth to global corporate contractors through public debt increases is the same as taxing the poor and middle class to enrich the rich. That's  why wealth is concentrating in America-the middle class and poor are trained to believe they are better off with wealthy people and corporations paying historically low taxes so their assets can be reinvested overseas.

President Obama plans to see the Republicans debt of ten trillion and raise them ten trillion of new debt over the next ten years-seems like a Republican policy of enriching the rich to me.

Von Mises and Hayak disagreed on what capital actually is, for potential product manufactures, physical infrastructure, cash backed by government authority and other variables have less solidity than gold-itself with a variable social value, and indicates a present social value. To redistribute social value is something like redistributing ocean currents-perhaps the better course would be to redistribute the opportunities to sail upon those currents through better education and analysis of the periodic flows of mass capital tendencies over trans-national borders increasingly.

The U.S. Government has coordinated the greatest redistribution of wealth in modern times. The United States has transferred trillions and trillions of dollars of American wealth to the OPEC Nations, China, India and Japan through a variety of means generally involving importation of cheaply made goods, exporting of cash and credit and reallocation of manufacturing and other production infrastructure abroad. The incredible redistribution of wealth is leaving Americans in huge bet both personally and publicly, rotting the core infrastructure in energy, education, security, industry and transportation when it is left with anything at all.

The redistribution of wealth from the United States to

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