Can we have a civil, thoughtful discussion on this?

So you don't care now that the NIT introduces a minimum income? Golly, flip flop!

 

Living beyond your means is making a loss.
The greater you do it, The greater the loss.

If you wish to go broke, this is how you do it.

 

Inflation. Everyone knows that. Increasing national debt? Yup. Think about it... it is mostly for the benefit and prosperity of corporations although they try to hide it and lie about it. But who will be paying for it? -the public. The national debt is necessary more and more, because capitalism is having more and more trouble making a profit via honest production, and it represents a redistribution of income from the middle class to the wealthy.

But 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.

Parse that and analyze it and show how it is not true.

 

totally 100% insane 19th century marxism. Republican capitalist profit just instantly lifted 800 million into the middle class in China. Its been in all the papers!!

 

We live in a debt money system, not a fiat money system.

 

You repeat this false claim, which I have refuted dozens of times. China is not capitalist because land is all still publicly owned. China has achieved everything it has achieved in the last 40 years not through capitalism or socialism, but geoism: private ownership of the products of labor, public ownership of land. And it has done this despite a very imperfect and corrupt implementation of geoism. Imagine what could be achieved if it were implemented honestly!

 

Many versions of it of course, but many who cant work already have minimum income. Nobody if for starving in the street

 

Virtually any bankruptcy of a company with a unionized workforce will do: Penn Central, PanAm, any of the US automakers, etc. I've seen some of them close-up. Union greed is always the #1 cause.

 

just typical looney tunes nutjob BS or do you have evidence of this??

 

Laws requiring employers to deal with certified unions rather than paying market wages to individual workers are the big one.

 

No, I've seen it. I once knew, personally, a man who simply closed his company when the union was certified, as he saw no way to operate it at a profit.

 

Are you willing to know the fact that all land in China is publicly owned?

 

Funny how that "libcommie" system is so profitable for some of the richest and greediest people who have ever lived....

 

There aren't many versions of the NIT. There is the reality and the one you've made up. You stated that a minimum income is a "great way to expand the mooching class even further". Are you rejecting that statement or rejecting the NIT?

 

Chortle, chortle, he's not a Georgist mind you!

 

"Capitalism is an economic system based upon private ownership of the means of production and their operation for profit."

You seem to have missed that I have been saying living beyond our means, not capitalism, is the cause of our problems.
Income, in the form of taxes, is redistributed from taxpayers both middle class and especially the wealthy to low and/or non-income earners who undeniably are living beyond their means which as you said "enhances and increases consumption, which enhances and increases sales, which enhances and increases profits". But this is NOT caused by capitalism, this is the effect of welfarism applied to capitalism.

U.S. Inflation Rate, 1776-1913 ($1,000)
According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 0.06% per year. Prices in 1913 are 9.2% higher than prices in 1776.
U.S. Inflation Rate, 1913-1967 ($1,000)
According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.28% per year. Prices in 1967 are 237.4% higher than prices in 1913.
U.S. Inflation Rate, 1967-2018 ($1,000)
According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 4.02% per year. Prices in 2018 are 645.5% higher than prices in 1967.
U.S. Inflation Rate, 1913-2018 ($1,000)
According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.12% per year. Prices in 2018 are 2415.1% higher than prices in 1913.

 

So you must be referring to the GOP War ON America legislation that outsourced the jobs of hardworking Americans to 3rd world nations thereby decimating the manufacturing sector of the economy. Also worth noting that the GOP legislation also deregulated financial institutions that ultimately caused the economic collapse of 2008.

 

US automakers are still in business with union workers and airlines are still in business with unionised crews.

Your failure to substantiate your allegation is duly noted.

 

Blaming unions is a feeble excuse that executives use to deny their failure to run their corporations in a responsible and profitable manner. Multinationals like Mondragon prove that it is possible to have highly successful corporations that are effectively 100% "unionized".

 

Anecdotes are not facts.

 

I would agree, but let's not throw the clothes out with the wash.

America has one of the freest markets on earth. So, I am not sure what you mean ...

YOU WHO!?!

When you are responding to someone, include their monicker .... !

 

You must have Reiver on ignore because this is what I responded to;

The ignore feature completely hides all content so it appears as though the post was made in isolation.

 

Nope. Reference to Britain and how, when right wing economics was unashamedly applied, productive companies went to the wall.

 

I don't know what references you are making to Britain and, I presume, the Tory government since they are right wing over there.

 

Thatcherism. They managed to engineer a recession that destroyed successful companies