On 08/21/2012 09:02 AM, Han wrote:
"HeyBub" wrote in
m:

Han wrote:

We have to go by what is legal if we want to live in a system ruled
by law. But there may be a difference between what is legal and what
is right. As you know I am just a bit left of center ...

Two for instances.
Romney has amassed over 100 million in an IRA. Supposedly IRAs are
limited to something like $6000/year in contributions. Not sure when
the IRA system was started, but let's say for argument's sake 45
years ago. That would mean (if I am correct) that Romney's 45x$6000
or $270,000 had a phenomenal yield. But then, he could have
transferred more than $6000/year?

Romney has large amounts of capital off-shore. Theoretically that
money could be in use to support the US economy. Is it?

In other words, if this is legal, is it right?

This was settled in the late 18th century by the Englishman Adam Smith
in his book "An Inquiry into the Wealth of Nations." In that work, he
postulated the theory of "The Invisible Hand."

You really should keep up.

Sorry (contrite). Not familiar with the nitty gritty of invisible hands.
Doesn't seem to answer my question. Hints?


cf "The Wealth Of Nations" by Adam Smith - considered the beginning of
modern economics. Everyone quotes him, very few people have actually
read him. I recommend this as a painless intro:

http://www.amazon.com/Wealth-Nations.../dp/0871139499

Another VERY good intro:

http://www.knowledgeproducts.net/htm...political3.cfm

(Knowledge Products stuff is all really, really good.)

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Tim Daneliuk