Can we have a civil, thoughtful discussion on this?

if I disagreed I"ll pay you $10,000. Bet?? Do you know what a strawman is??

 

according to Marx but now we know he was wrong about everything and got 125 million killed. Capitalism can evolve to anything depending on economic philosophy of people at the time. Do you understand? It was completely stupid of Marx to imagine it had to evolve to one thing.

 

Get back to me when you know something

 

translation: get back to me after I've recovered from losing another debate. Do you really want to be a liberal all your life?

 

You don't understand the negative income tax. Not a lot else to say really.

 

conservative/libertarians wanted it while libcommies opposed it in favor of their panoply of crippling welfare vote buying entitlement programs

 

Now that really is nonsense. Executives have to operate within the law. If the law makes it impossible for them to operate at a profit, it is not their fault.

 

Nonsense. If the law requires expenditures greater than revenue, there is nothing management can do to prevent bankruptcy. Stupid governments, heeding stupid academics, have often passed such laws.

 

It's true that negative income tax removes a lot of discretionary power from bureaucrats, and this is generally opposed by the big-government left, which principally aspires to exercise such power.

 

The real culprit in US health care costs is the medico-rentier system which restricts supply to boost prices.

No. Companies should not be responsible for providing pensions, period. The obligation is too far in the future. Anyone who thinks they can predict what a company will be doing in 50 years is an idiot.

 

yes, the big govt left does it in part to buy votes and in part because they are caring and stupid. Section 8 for example pays their rent for them because they cant be trusted with the money themselves. The more they cripple and infantalize people like that the worse the problem gets, yet this is exactly what our libcommies do.

 

its a libcommie system wherein both supply and demand are heavily mismanaged by govt.

 

But mostly because they are attracted to power.

No, it pays their rent for them so that their landlords will get more unearned wealth.

Well, when people's liberty right to sustain themselves using what nature provided has been forcibly stripped from them and made into the private property of landowners and other greedy, privileged parasites, and they can't afford to pay the privilege holders full market value for permission to exist, how else do you stop them from getting desperate enough to kill?

 

No, it's a plutocratic system that shovels stupendous unearned wealth into some of the greediest and already-fullest pockets on the planet.

 

As far as I can see you're speculating and trying to pass it off as fact.

 

"THE ECONOMY: WHERE ARE WE AND HOW DID WE GET HERE?"

1929 ($1.00 = $1.00)
U.S. Population 121,767,000
Average income $1,575 about $0.75/hr $131/mo
New Ford Sedan $695
3 BR House $4,485 ($48/mo 10yrs @5%)
Mortgage rate 4.5% - 5%
Gasolene gallon $0.21
10 Gillette blades $1.00
1/5 Jack Daniels prohibition
Budweiser 6 pack prohibition
Carton of Camels $1.15
100 Bayer aspirin $0.93
Ipana toothpaste $0.31
Ivory soap $0.06
1 lb steak $0.46
1 lb chicken $0.23
1 lb butter $0.56
1 qt milk $0.29
1 lb coffee $0.48
Loaf of bread $0.09
Dozen eggs $0.30
Dozen Oranges $0.45
Sears dresses $1.98
Sears suits $16.75
Sears hosiery $0.92
Sears neckties $0.89

GDP $105,000,000,000
Federal Debt $16,931,088,484.10
Debt PP $139.04

1967 ($1.00 = $0.512) 1929
U.S. Population 198,712,000
Average income $7,933 about $3.80/hr $661/mo
New Ford Sedan $3,243
3 BR House $22,700
Mortgage rate 6.00%
Gasolene gallon $0.33
10 Gillette blades $1.40
1/5 Jack Daniels $3.64
Budweiser 6 pack $0.87
Carton of Camels $2.24
100 Bayer aspirin $1.42
Crest toothpaste $0.63
Ivory soap $0.14
1 lb steak $1.10
1 lb chicken $0.38
1 lb butter $0.83
1 qt milk $0.26
1 lb coffee $0.67
Loaf of bread $0.22
Dozen eggs $0.49
Dozen Oranges $0.49
Sears dresses $19.90
Sears suits $38.90
Sears hosiery $1.47
Sears neckties $2.10

GDP $862,000,000,000
Federal Debt $326,220,937,794.54
Debt PP $1,641.68

Anyone able to fill in comparison figures to those above for 2018?

2018 ($1.00 = $0.069) 1929
U.S. Population 327,160,000 est.
Average income $???
.
.
.

GDP $20,237,000,000,000 est.
Federal Debt $20,972,809,767,485.34 current
Debt PP $64,105.66 current

 

IOW capitalism is failing.

 

More precisely, the consequences of collectivism made possible by a fiat monetary system which allows the illusion of living beyond our means in perpetuity to be possible.

 

So you are stating that libertarians did want a minimum income (as NIT, by definition, creates one). The only effective difference with the basic income guarantee is the extent of non-linearities in the post-scheme income schedule

 

Please cite these laws.

 

In which case you will have no trouble at all providing relevant case studies so let's all see what you have?

 

So you're telling me that rather than acknowledge that the condition of "living beyond our means" enhances and increases consumption, which enhances and increases sales, which enhances and increases profits, and is therefore a predictable condition dedicated to capitalist profit and is therefore in service to capitalism, you prefer to pretend that some vague "collectivism" is the cause and purpose. You gotta be kidding.

 

Rather than laws, you could refer to how government failure subsequently leads to productive firms dying. We saw that with monetarism and how right wingers managed to artificially create deindistrialisation.

 

Obviously there are tremendous differences which explains why we don’t have a negative income tax and why we do have a lib commie panoply of crippling welfare vote buying bureaucratic entitlement programs. Do you finally understand??

 

My words, in full, were "More precisely, the consequences of collectivism made possible by a fiat monetary system which allows the illusion of living beyond our means in perpetuity to be possible."
Perhaps you should examine the details of my post #1566 more closely.