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Lifecycle of a Democracy : Swingers Discussion 2118891031
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TOPIC: Lifecycle of a Democracy
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And all of this can be traced to two facts.

First is why was there a need for any social welfare programs in the first place? Answer: the wealthy didn't pay their workers enough so to stay off the social safety nets.

Second; why are there social safety nets to begin with? Answer: to prevent instability as seen in nations where there are no nets. Often times no growth, but a few with all the money.

Cyprus has built its economy on banking, on fake money. All systems built solely on banking are systems which are a hair breath away from collapse and destined to fail.

As manufacturing jobs become fewer with the advancement of technology, we will be left with fewer jobs that the majority can preform. Short of genocide based upon income levels, you are faced with a major problem... How to employ no skilled workers.

Why are they no skilled workers? Because a machine took their job. It isn't coming back, and to use the few individuals who claim to keep reinventing themselves ahead of everyone else as an example of what millions must do, is not practical.

This isn't a new problem. This virus called humanity simply has out grown its peetrydish. We might not have the tech to leave the earth, but we have no other alternative but to start colonizing the moon and stable asteroids.

This is the patteren we have followed sense time immortal. An area becomes over populated, we moved on, conquored the locals or exterminated them and reduced the burden else where.

Hazle Township PA
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Another European socialist model of economics is going down. BRUSSELS (Reuters) - The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion), but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider run on savings. The eastern Mediterranean island becomes the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help during the region's debt crisis. In a radical departure from previous aid packages - and one that gave rise to incredulity and anger across the country - euro zone finance ministers forced Cyprus' savers to pay up to 10 percent of their deposits to raise almost 6 billion euros. Almost half of its depositors are believed to be non-resident Russians, but most of those queuing on Saturday at automatic teller machines to pull out cash appeared to be Cypriots. "I wish I was not the minister to do this," Cypriot Finance Minister Michael Sarris said after 10 hours of late-night talks in Brussels where the package was hammered out. "Much more money could have been lost in a bankruptcy of the banking system or indeed of the country," he said, adding that he hoped a levy and bailout would mark a new start for Cyprus. Without a rescue, Cyprus would default and undermine the investor confidence in the euro zone that has been built up by the European Central Bank's promise last year to do whatever it takes to shore up the currency bloc. The bailout was smaller than initially expected and is mainly needed to recapitalize Cypriot banks that were hit by a sovereign debt restructuring in Greece. The deposit levy - set at 9.9 percent on bank deposits exceeding 100,000 euros and at 6.7 percent on anything below that - will take place on Tuesday after a bank holiday on Monday. 'THEFT, PURE AND SIMPLE' To guard against capital flight, Cyprus will take immediate steps to prevent electronic money transfers over the weekend. In the coastal town of Larnaca, where irate depositors queued early to withdraw money from cash machines, co-op credit societies that are normally open on Saturdays stayed closed. "I'm extremely angry. I worked years and years to get it together and now I am losing it on the say-so of the Dutch and the Germans," said British-Cypriot Andy Georgiou, 54, who returned to Cyprus in mid-2012 with his savings. "They call Sicily the island of the mafia. It's not Sicily, it's Cyprus. This is theft, pure and simple," said a pensioner. The levy breaks a euro zone taboo by hitting bank depositors with losses. It prompted Spain, considered the next most likely state to seek a sovereign rescue though supported in recent months by the ECB's debt promise, to deny savers in other countries risked being similarly penalized. The bailout was specific to Cyprus and its bloated banking sector and "could not be extrapolated to any other country," an economy ministry source said. In Brussels, Dutch Finance Minister Jeroen Dijsselbloem said it would not otherwise have been possible to save Cyprus's financial sector which, compared with national economic output, is more than twice as big as the EU average. "As it is a contribution to the financial stability of Cyprus, it seems just to ask for a contribution of all deposit holders," Dijsselbloem, who chaired the ministerial meeting, told reporters. The island's bailout had repeatedly been delayed amid concerns from other EU states that its close business relations with Russia, and a banking system flush with Russian cash, made it a conduit for money-laundering. In return for emergency loans, Cyprus agreed to increase its corporate tax rate by 2.5 percentage points to 12.5 percent. This should boost revenues, limiting the size of the loan needed from the euro zone and keep down public debt. Cypriot President Nicos Anastasiades called a meeting of party leaders for Saturday night to brief them on the bailout.

Tulare CA
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"In order to answer that question,would we not first have to define poor?"

IMO. people who through fault of no fault of their own are not self sufficient.

Cape Coral FL
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'why are people poor,one they don't have mental know how not to be poor,they are lazy ,or they belive your stupid bullshit that somebody else is at fault.you don't want to be poor than get off your dead ass and do something about it'

Big, I actually agree with you, in theory that is, but human nature being what it is and in a country of hundreds of millions, what do you propose we do with such individuals? I am all ears.

Cape Coral FL
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Sounds good, Storm. Come down on February 29 and I'll buy you a steak dinner.

Belle Chasse LA
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Big:

As always the ignorance of the right is amusing, thank you for thr free entertament for which I would otherwise have to waste electricity watching fox noise to obtain.

Hazle Township PA
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fun;as long as it didn't go to waste,its good,enjoy one on me and I'll pay you back on the second tuesday of next week.get the pricey stuff because I an;t cheap.......BS

Kingston TN
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Storm, good to see you back, my friend. I bought you that beer I promised you, but when you didn't show up I drank it myself.

Belle Chasse LA
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"... people I know resent the rich because they feel it wasn't earned, but inherited, stolen or a combination of both. "

I'll go so far as to say there are very broad definitions of "earned". The Somalian pirate may feel he's "earned" what he got by many hours of servitude to his masters, life-threatening conditions, long uncomfortable sessions at sea, etc.

Our forefathers came to this continent and found nobody claiming ownership of the land. So they took the land, killed almost all of the residents, and "earned" their fortunes. You may now buy a piece of it, if you're fortunate.

Our rich also have the habit of destroying the natural resources in order to turn them into money. This isn't especially good for future generations, including their own progeny.

Such shortsightedness is often called "greed".

Flat Rock NC
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Coud not have said it any better

Delta PA
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TOPIC: Lifecycle of a Democracy