Socialism does work

[Apech]

Okay.  That's enough!  I spit coffee all over my keyboard.

 

 

That's nothing I spat in your coffee.

[Marblehead]

That's nothing I spat in your coffee.

No wonder I spit it out.

[zerostao]

http://m.dailykos.com/story/2016/3/14/1501084/-UMASS-economics-study-says-Bernie-Sanders-tuition-free-college-idea-would-work-easily

[zerostao]

 

and

A new congressional bill, HR 4900, calls for the reduction of the minimum wage in Puerto Rico from $7.25 an hour, to $4.25 an hour. The bill is also creates a Financial Control Board to make sure that this new minimum wage law is enforced.

Edited April 17, 2016 by zerostao

[Apech]

 

and

A new congressional bill, HR 4900, calls for the reduction of the minimum wage in Puerto Rico from $7.25 an hour, to $4.25 an hour. The bill is also creates a Financial Control Board to make sure that this new minimum wage law is enforced.

 

Everything nice in America

 

[Karl]

 

and

A new congressional bill, HR 4900, calls for the reduction of the minimum wage in Puerto Rico from $7.25 an hour, to $4.25 an hour. The bill is also creates a Financial Control Board to make sure that this new minimum wage law is enforced.

 

It just goes to show that physicists don't make good economists.

 

Besides a fewobvious holes in his theory.

 

1) Somebody has to purchase, maintain, replace, build the machines.

2) Much of what we produce today, we didn't produce 12 months ago.

3) Somebody must trade for the product or it is in effect worthless and the machine owner would go bust-a good example is the current cost of steel on the world markets.

4)New entrants into the market push the older producer out/ force him to lower his prices.

5)Badly managed businesses regularly go bust, they aren't permanent. Having cornered the market on hairnets, a businessman refuses to react to the innovation of hairspray and his business folds.

6) the greater the efficiency of product produced, the higher the abundance, the lower will be the price point so poorer people have access to it.

 

 

There should be no limits on wages-either up or down. Having to reduce the minimum wage is a guaranteed necessity as it will prohibit greater and greater numbers of people from being able to sell their labour. It is in effect a labour prohibition and can destroy an economy very quickly if it is set too high.

 

The market price for labour must be allowed to fluctuate in order to correctly allocate resource to the most valued needs of the market as a whole. Just as in any commodity, if the state insisted that say, wheat must sell for a minimum wage, the result would be piles of unsold, rotting wheat that the starving would be prohibited from eating and the farmer from selling. In the end the farmer would cease to produce and then no wheat would be available at all. That is how any price fixing effects an economy if set too high. Alternatively it can be set too low. In which case the cost to produce is higher than the cost of sales. Again, the farmer simply has to stop production. The attempt to fix prices at lower than market cost ends up with none of the product being available for anyone.

 

Anyone with half a brain should be able to understand the damaging impact of state price fixing.

 

 

 

 

 

[Marblehead]

Redistribution of wealth doesn't work because the same criminals are making the laws.

 

All we need is less government and a fairer tax system.

 

But then, forget both.  It ain't gonna' happen.

[Karl]

Redistribution of wealth doesn't work because the same criminals are making the laws.

 

All we need is less government and a fairer tax system.

 

But then, forget both.  It ain't gonna' happen.

 

Redistribution of wealth doesn't work because it is based on a false assumption that the wealth of the wealthy makes the poor, poor. It's such a ludicrous assertion and yet very few question it. Therefore the state sets about levelling everyone up in the mistaken belief that equality is necessary and desirable. The result is that everyone gets poorer, including the poor.

 

Meanwhile government workers shovel unearned money into their pockets on the proviso they are doing productive work in taking and distributing wealth they took no part in creating. Not to mention the hoards of business that spring up to try and manage taxation for the producers, the offshore havens, accountants, lawyers that also produce nothing of substance, but are made wealthy by the process which now makes their services necessary-it is literally a massive job creation scheme in which huge amounts of valuable resource are wasted producing no value what so ever.

[zerostao]

[ralis]

 

 

I read Hedges new article every Monday.

 

http://www.truthdig.com/staff/chris_hedges

Edited April 17, 2016 by ralis

[Captain Mar-Vell]

...

 

Redistribution of wealth doesn't work because it is based on a false assumption that the wealth of the wealthy makes the poor, poor. It's such a ludicrous assertion and yet very few question it.

 

Straw man/reductio ad absurdum combo beatdown!

 

No wonder Karl wins so many internet arguments!

 

And yes, I am keeping a straight face.

 

...

 

[Karl]

...

 

 

 

Straw man/reductio ad absurdum combo beatdown!

 

No wonder Karl wins so many internet arguments!

 

And yes, I am keeping a straight face.

 

...

Try again ;-)

 

You realise when you point out a fallacy that you must name it and detail it ?

Edited April 17, 2016 by Karl

[Marblehead]

Try again ;-)

 

You realise when you point out a fallacy that you must name it and detail it ?

Oh, I can blindly disagree with you any time I feel the need.  No need right now though.

 

 

However, I still don't like the word "revolution" very much.  I prefer the word/concept "evolution".

 

But then, at the present time, I don't see much hope for evolution.  Well, of the wealthy, the powerful, governments and religions, sure.  But of the majority of the common people, no.

[Karl]

Oh, I can blindly disagree with you any time I feel the need.  No need right now though.

 

 

However, I still don't like the word "revolution" very much.  I prefer the word/concept "evolution".

 

But then, at the present time, I don't see much hope for evolution.  Well, of the wealthy, the powerful, governments and religions, sure.  But of the majority of the common people, no.

 

Coup and Revolution tend to be used interchangeably by those seeking to grab power themselves. A revolution should be a long metamorphism along philosophical lines which exchanges tyranny for Liberty. Unfortunately those that urge revolution are collectivists intent on even greater tyranny.

[Marblehead]

Coup and Revolution tend to be used interchangeably by those seeking to grab power themselves.

Yes, that is a trend that can be supported through recorded history.

 

We must learn from the mistakes of others so that we do not make the same mistakes they made.

[zerostao]

Oh, I can blindly disagree with you any time I feel the need.  No need right now though.

 

 

However, I still don't like the word "revolution" very much.  I prefer the word/concept "evolution".

 

But then, at the present time, I don't see much hope for evolution.  Well, of the wealthy, the powerful, governments and religions, sure.  But of the majority of the common people, no.

just when you least expect it

its underway

[WisteriaWinds]

I was raised in a very left-wing family. I didn't question it for years because I just assumed the classic "left-wing = smarter = more compassionate = more enlightened" assumption so commonly encountered. When I started achieving REAL results from meditation and energy work, things changed...

 

Here are seven things that cultivating energy has taught me (your lessons are your own):

 

1. We don't achieve things we don't cultivate. Nobody gives it to us, and what we cultivate no one really takes away.

 

2. Lao Tzu was right--limit and decentralize political power and increase and centralize spiritual/personal power.

 

3. Heaven's justice is blind. When we reach our hand in and try to "right" perceived wrongs (internally or externally), it rarely ends well.

 

4. Everything is a trade-off. No one steps in and gives everything to everyone. It's an absurd understanding of how energy/resources work.

 

5. No external source can grant you contentment.

 

6. Any practice that started with good intentions but doesn't work out after awhile should be discarded, not tried over and over again, ad nauseum, with slightly different twists.

 

7. Use your own energy/resources on yourself, then you'll be well enough to actually help others.