I remember back in the early 1990’s when REO apartments were selling fro $5K-$15K per door and smart business people would buy them and put $5K-$10K of rehab in and then rent them out, while gov was building “affordable housing:” at $150 per door.

I don’t agree with all that Mr. Laffer has to say (or his theories) – but the above quote is dead on target.

I mean why the hell do you think California has 33% of America’s welfare population and only 12% of the nation’s collective population?

This is not brain science and you don’t have to have a Phd in Economics to understand it. Your mind is either open or it’s closed. Even an imbecile can follow a bouncing ball!!!

Published on Apr 10, 2012 by ReasonTV

“It’s not Republican, it’s not Democrat. Honestly, it’s not liberal, it’s not conservative … It’s economics,” says Economist Art Laffer. “If you tax people who work and you pay people who don’t work, don’t be surprised when you get a lot of people not working.”

Laffer is the founder of supply side economics, the namesake of the “Laffer curve” and the author of the new book, Eureka! How to Fix California. He sat down with Reason.com’s managing editor, Tim Cavanaugh at the offices of the Orange County Register, to talk about why Texas has a better tax structure than California, the power of public employee unions and what he really thinks of California governor Jerry Brown.

Approximately 7:03

But I seriously doubt that Jerry Brown will follow this advice!

You see, the government powers and the corporate powers have merged which has resulted in defacto ‘fascism’.

The peasants got screwed again.

That is the reason the poverty rates have risen dramatically in the last decade.

Few people on this board are willing to acknowledge and recognize that fact.

I am a fair and balanced poster – owned by no poltitical party or political ideology.