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Old 04-02-2015, 09:40 PM
 
Location: Ruidoso, NM
5,667 posts, read 6,563,655 times
Reputation: 4817

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Quote:
Originally Posted by Opin_Yunated View Post
You were the one that said "we can't print money."
Without limit, and without consequences. No one does, certainly not Japan.

Quote:
Who said printing money causes high inflation? Printing money is not the core cause of inflation. Printing money is offset by raising interest rates, which we also control.
Printing lots of money certainly causes high inflation and I already described how it does... and the negative effect of high interest rates. Why do you pretend I didn't already answer this?

Quote:
Where did I mention aggregate prosperity and productivity? Currency is just a medium of exchange. Nothing more, nothing less.
Precisely. And that also means that we give people real assets then it has to be taken from somewhere else.

Bottom line is that the government can't fund a UBI unless the wealth comes from somewhere. There isn't any reason *not* to tax to pay for it, since the alternatives are worse.
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Old 04-02-2015, 09:45 PM
 
11,337 posts, read 11,000,389 times
Reputation: 14993
Quote:
Originally Posted by rruff View Post
Certainly not all of them. And the US beats most of them in per capita GDP. The difference is that all of our gains for the last 40 years have gone to a very few. We'd be nearly twice as rich now in real terms if the % gains had been evenly distributed.
Nonsense. Nobody gets to determine what is paid to others. Freedom takes care of that. More valuable people deserve higher pay and more wealth. They are the movers, shakers, and doers who make life better for all the useless people. [Cue photo of average retard glued to his I-phone...]

And by the way, Scandinavian countries don't have to bother with militaries since we basically provide their defense for them. Do they want to bother thanking us? Or proclaiming their superiority based on the fact that they provide death panels and adult diapers to their useless citizens for free. Just asking...
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Old 04-02-2015, 09:50 PM
 
Location: Western North Carolina
8,011 posts, read 10,583,473 times
Reputation: 18822
Quote:
Originally Posted by Burkmere View Post

Then there's the story of the multi-millionaire janitor who invested his money. I doubt he was highly educated in the formal sense, but he did ok.
I have to wonder if he had any children

J
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Old 04-02-2015, 09:52 PM
 
Location: Ruidoso, NM
5,667 posts, read 6,563,655 times
Reputation: 4817
Quote:
Originally Posted by Marc Paolella View Post
Nonsense.
Nonsense... what?

Just the facts man, no religious dogma. As in the current socio-economic system is holy and righteous and "free".
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Old 04-02-2015, 09:53 PM
 
Location: Western North Carolina
8,011 posts, read 10,583,473 times
Reputation: 18822
Quote:
Originally Posted by rruff View Post
Certainly. The root cause of low-middle class incomes and opportunities going flat and then negative over the last 40 years has been globalization specifically with high trade deficits via an inflated US$, and the government policies that supported this. This is also the cause of the top 0.1% realizing a >300% real income increase over this period.

The hard part will be first educating the public of the cause, and then changing the policies... when the popular media is so good at keeping the public confused and divided.
Good post.
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Old 04-02-2015, 10:24 PM
 
11,337 posts, read 11,000,389 times
Reputation: 14993
Quote:
Originally Posted by rruff View Post
Nonsense... what?

Just the facts man, no religious dogma. As in the current socio-economic system is holy and righteous and "free".
Religion has nothing to do with this argument. However, collectivist mysticism might.
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Old 04-02-2015, 10:54 PM
 
Location: Ruidoso, NM
5,667 posts, read 6,563,655 times
Reputation: 4817
Quote:
Originally Posted by Marc Paolella View Post
Religion has nothing to do with this argument.
Dogmatic belief. Our economic system isn't the result of freedom, unless you for some reason are defending the freedom of the few to co-opt the government and make themselves rich.

Do you even know that most of our gains over the last 40 years has gone to the top 0.1%? That if the economic gains had been shared (as they had been in our previous history) median income would be nearly 2x what it is?
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Old 04-02-2015, 10:57 PM
 
33,016 posts, read 27,371,229 times
Reputation: 9074
Quote:
Originally Posted by Marc Paolella View Post
Wanting something does not create a right. If you are good enough and smart enough, you can gain a full scholarship to law school or med school by displaying excellence in your high school years.

If you can't, and you have no money, you are not entitled to become a lawyer or doctor. That is as it should be. Go to work and save money for 10 years, then you can enter Uni at 30 and perhaps have your dream on a delayed basis.

And if someone else was lucky and has rich parents? Too bad. That's life. Bad luck does not create rights. You will have to work harder to achieve your dream, and it will take longer. But perhaps that will make you a better doctor or lawyer since you are passion driven rather than following a path laid out for and paid for by your parents and idle expectations. In which case you will pass that person in professional life and have the last laugh.

NO RIGHTS OR OBLIGATIONS are created by luck, good or bad.

WhereTF did you get that idea?

My high school grades were top 3% in my class and my SAT scores were top 3% nationally. That's not good enough for a law school scholarship?

Whatever happened to merit? If someone is sufficiently knowledgeable in law to pass the bar exam, why do they need to spend three years and tens of thousands of dollars for a law degree before they can even take the exam?
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Old 04-02-2015, 11:19 PM
 
Location: cary, nc
609 posts, read 503,994 times
Reputation: 670
The system is rigged towards the rich, powerful and wealthy. They write the laws of the land, weakening the workers and giving more and more power to themselves. While American workers are forced to compete with the workers in countries like China, India, the CEOs and senior managers see themselves as people deserving massive subsidized pay (CEO salaries benefit from special low taxes). They pay themselves in stocks to avoid paying taxes. They get massive parachutes, when they lose their jobs, ... and so fort. They go unpunished, whenever they put all of us at risk (Financial meltdown of 2008).
They have paid the Republicans party and aligned with the Religious fundamentalists (who vote for them blindly and massively) to takeover the Government. They own the Congress of the USA, the Supreme court of the USA and the majority of the USA Media. The damage these people are doing to the country will probably never be fixed in our lifetime.
The Kochs and Waltons will only get wealthier (and let's be clear: there is nothing wrong with that). But they need to give us a fair chance. We just need a fair chance at upwards mobility. While John Doe continues to struggle to pay student loans on a $10/hour job without health insurance. Yes, there are examples of Janitors who made it. But .. how many are there? A handful ...
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Old 04-02-2015, 11:59 PM
 
33,016 posts, read 27,371,229 times
Reputation: 9074
Quote:
Originally Posted by Mircea View Post

Zoning laws are passive, and by definition cannot redistribute anything. Sowell certainly knows that.

I'm not seeing where Sowell ever said that. It's a misquote or bad paraphrase.


(unrelated snip)


And what right do you have to infringe upon the right of another causing them financial loss or harm?


Mircea


As I recall, Sowell employed graphs - as any economist would - in the book; in one of which he shows that by artificially restricting the supply of housing, zoning has the outcome of changing the equilibrium point that homeowners enjoy more housing AND also enjoy more non-housing goods than they would in the absence of zoning. I no longer have a copy, and the book is long out of print, but I will try to get another copy and quote from it.

We have previously agreed that nobody has the right to infringe upon the right of another causing them financial loss or harm. We disagree on whether it is just for government to impose prior restraint on property owners as opposed to using the tort system.

While unstated explicitly, it appears that you consider it unacceptable for renters and/or rental uses to cause financial loss or harm to property owners, and you consider it entirely acceptable for property owners, acting individually or collectively through government, to cause financial loss or harm to non-owners.
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