Ron Paul: What's happening is, there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out. So the people who get to use the money first which is created by the Federal Reserve system benefit. So the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before. Today, this country is in the middle of a recession for a lot of people... As long as we live beyond our means we are destined to live beneath our means. And we have lived beyond our means because we are financing a foreign policy that is so extravagant and beyond what we can control, as well as the spending here at home. And we're depending on the creation of money out of thin air, which is nothing more than debasement of the currency. It's counterfeit... So, if you want a healthy economy, you have to study monetary theory and figure out why it is that we're suffering. And everybody doesn't suffer equally, or this wouldn't be so bad. It's always the poor people -- those who are on retired incomes -- that suffer the most. But the politicians and those who get to use the money first, like the military industrial complex, they make a lot of money and they benefit from it.
John McCain: Everybody is paying taxes and wealth creates wealth. And the fact is that I would commend to your reading, Ron, "Wealth of Nations," because that's what this is all about. A vibrant economy creates wealth. People pay taxes. Revenues are at an all time high.
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GOP debate, Dearborn, Michigan, October 9, 2007Ron Paul
Question: You wanna gut that safety net...
Ron Paul: But the safety net doesn't work.
Question: Tell me why it doesn't work.
Ron Paul: It does work for some people, but overall it ultimately fails, because you spend more money than you have, and then you borrow to the hilt. Now we have to borrow $800 billion a year just to keep the safety net going. It's going to collapse when the dollar collapses, you can't even fight the war without this borrowing. And when the dollar collapses, you can't take care of the elderly of today. They're losing ground. Their cost of living is going up about 10%, even though the government denies it, we give them a 2% cost of living increase.
Question: So do you think the gold standard would fix that?
Ron Paul: The gold standard would keep you from printing money and destroying the middle class. Every country where you have runaway inflation, there's no middle class. Mexico, there's no middle class, you have a huge poor class, and a lot of wealthy people. Today we have a growing poor class, and we have more billionaires than ever before. So we're moving into third world status...
Question: Who is the safety net that you're speaking of, who does benefit from all those programs and all those agencies?
Ron Paul: Everybody on a short term benefits for a time. If you build a tenement house by the government, for about 15 or 20 years somebody might live there, but you don't measure who paid for it: somebody lost their job down the road, somebody had inflation, somebody else suffered. But then the tenement house falls down after about 20 years because it's not privately owned, so everybody eventually suffers. But the immediate victims aren't identifiable, because you don't know who lost the job, and who had the inflation, the victims are invisible. The few people who benefit, who get some help from government, everyone sees, "oh! look what we did!", but they never say instead of what, what did we lose. And unless you ask that question, we'll go into bankruptcy, we're in the early stages of it, the dollar is going down, our standard of living is going down, and we're hurting the very people that so many people wanna help, especially the liberals...Ron Paul
Nobody is entitled to someone else's money, that is the bottom line. People think they are entitled to it because hey think they paid into it, nobody paid into anything, it was a fraud. Every single dollar that the gov collected in social security taxes, has already been spent, there is nothing there, there is no money, so the only money the government gets to make current payment is the money it can take from people who are still working. Its a transfer from the working poor in many cases to the retired rich. We don't have the money, I feel bad for the fact people made promises we can't keep, I feel bad for the people that invested with Bernie Madoff and lost their money, but its the same principle, its the same Ponzi scheme. We have to put an end to it, we have to find real solution to these problems because if we keep on denying that they exist and keep on spending money, we're going to destroy the value of everyone's benefits.
Peter Schiff
What Senator McCain has lately been suggesting is that somehow I'm going to take money from people making over $250,000, and give it to people who "pay no taxes". What he's confusing is the fact that even if you don't pay income tax, there are a lot of people who don't pay income tax, but you're still paying a whole lot of other taxes. You're paying payroll tax, which is a huge burden on a lot of middle-income families. You're paying sales taxes. You're paying property taxes. There are a whole host of taxes that you're paying. So when we provide an offset to the waitress or the janitor, these folks are working. This isn't some giveaway to people who are on welfare. This is giving help to people who are working hard every day.
Barack Obama
Oh ! what a frightful business is this modern society; the race for wealth — wealth. I am ashamed to write the word. Wealth means well-being, weal, the opposite of woe. And is that money? or can money buy it? We boast much of the purity of our faith, of the sins of idolatry among the Romanists, and we send missionaries to the poor unenlightened heathens, to bring them out of their darkness into our light, our glorious light; but oh! if you may measure the fearfulness of an idol by the blood which stains its sacrifice, by the multitude of its victims, where in all the world, in the fetish of the poor negro, in the hideous car of Indian Juggernaut, can you find a monster whose worship is polluted by such enormity as this English one of money!
James Anthony Froude
A government out of control, unstrained by the constitution, the rule of law or morality. Bickering over petty politics as we descend into chaos. The philosophy that destroys us is not even defined. We have broken from reality a psychotic nation. Ignorance with a pretence of knowledge replacing wisdom... We are now in the midst of unlimited spending of the people’s money. Exorbitant taxation, deficits of trillions of dollars spent on a failed welfare-warfare system. An epidemic of cronyism. Unlimited supplies of paper money equated with wealth. A central bank that deliberately destroys the value of the currency in secrecy, without restraint, without nary a whimper, yet cheered on by the pseudo-capitalists of Wall Street, the military-industrial complex, and Detroit. We police our world empire with troops on 700 bases and in 130 countries around the world. A dangerous war now spreads throughout the Middle East and Central Asia. Thousands of innocent people being killed as we become known as the torturers of the 21st century. We assume that by keeping the already known torture pictures from the public’s eye, we will be remembered only as a generous and good people. If our enemies want to attack us only because we are free and rich, proof of torture would be irrelevant... We need to quickly refresh our memories and once again reinvigorate our love, understanding and confidence in liberty... We must escape from the madness of crowds now gathering.
Ron Paul
Paul, Ron
Paul, Vincent de
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