Curt Doolittle

Theme: Subsidy

  • One of the first principles of economics, that is a given in physics, is a full

    One of the first principles of economics, that is a given in physics, is a full accounting (balance sheet) of causes and consequences. Not a selection bias. If zombie companies are destroying private wealth and others wish to make short term profits by financing their decline, or gambling on their recovery (which is what they do), then that is a private matter. People do so because it’s in their interest to maximize their personal returns as an organization vs the alternatives. Just as you may defer maintenance on yourself, relationships, assets, and home.

    However, when rents are extended to the public, and impose a cost on the commons, that’s a public matter.

    I am not sure why this is hard to comprehend but it is possible that I’ve been doing this so long that I’m not seeing what you’re intuiting.

    My suspicion is that you are accidentally dealing with an ideal or moral idea and not a concrete category – possibly because this is one of the cataegorical deceptions in libertarian thought, just like the categorical deception of ‘society’ in Marx’s work. This mistake is common for most people – because tehy do not realize they are merely justifying a moral presumption – though I havent detected this line of thinking in you before.

    It’s a Very Jewish > Christian-Theological > Philosophical-Moral > Rationalistic Justification > but not necessarily empirical > and certainly scientific, and therefore fully accounted.

    HIERARCHY OF ASSETS AND RIGHTS: Personal (life, body, actions) > Private (self or familial regulation, usus, fructus, mancipio, abusus) > Semi-Private (private regulation, usus, fructus, mancipio) > Semi-Plublic Commons (self regulating, usus + fructus) > Public Commons (usable, usus) > Public ‘sacred’ Commons (inviolable).

    Reply addressees: @William68332190 @neoCamelist

    Source date (UTC): 2023-10-17 17:36:33 UTC

    Original post: https://twitter.com/i/web/status/1714334596081340416

    Replying to: https://twitter.com/i/web/status/1714329125886845358

  • Hmmm…. VAT is the worst tax of all. It interferes with every step in the acqui

    Hmmm….
    VAT is the worst tax of all. It interferes with every step in the acquisition, production, distribution, and sale change. It’s horrific.

    Income tax is the LEAST harmful tax because it’s all post-hoc. ie: it’s demonstrated. It’s not a theory, it’s not a presumption, it’s not a rent, but a commission on success.

    Theoreticaly we would love to operate ONLY by income taxation, and that would be possible if the entire country was paid through a service like ADP – so that your income, your taxation, and your CREDIT and your REDISTRIBUTIONS were not open to manipulation, fees, delays, or anyone. If we did that, just that, we could have 0% interest on consumer spending for anything durable. And we could avoid the entire IRS system other than rewards for reporting scammers that ‘steal’ from the rest of us.

    Sales tax isn’t necessarily a bad thing as long as it’s not on food, and it’s included in the price of the good.

    Property tax is also a problem when instead it should just be a balance sheet report for the locality, and your portion of the fees and debt payments. If we were that transparent, people would be much more comfortable.

    The same is true for the monetary incompetency and lack of transparency of state and federal institutions.

    Truth is that wealthy people do not particularly mind paying a bit more income tax if they felt it was better managed than they manage the money themselves – or if they could have some say in how their contributions were allocated. Even more so if their contributions were public so that the public could thank them – because really, tye pay for almost everything. If we saw that, the state would do a much better job of providing services. And the people would be much more tolerant of the challenges faced by the state.

    Imagine if everyone capable had to do X years of public service prior to retirement, in some capacity or other (greco roman model) instead of career bureaucrats who justify their behavior.

    Reply addressees: @anderstegn @erikbrus25

    Source date (UTC): 2023-10-16 16:49:24 UTC

    Original post: https://twitter.com/i/web/status/1713960343649558528

    Replying to: https://twitter.com/i/web/status/1604227949766508544

  • “Q: Is Israël is dependent on Western support?”– Not quite true. The US transfe

    –“Q: Is Israël is dependent on Western support?”–

    Not quite true. The US transfers $3B per year, on Israel’s $550B economy. It’s not nothing but it’s not a marginal difference.

    Now, by comparison the annual cost of maintaining U.S. overseas military bases ranged from $10 billion to $40 billion. And there are 750 us overseas bases.

    Israel is dirt cheap. The value of Israeli intel alone is worth the price we’re paying for it.

    Reply addressees: @devorah885

    Source date (UTC): 2023-10-15 17:21:53 UTC

    Original post: https://twitter.com/i/web/status/1713606130990018560

    Replying to: https://twitter.com/i/web/status/1713578357655294454

  • IT’S WORSE THAN YOU THINK 52% of Americans are on some sort of govt subsidy. 25%

    IT’S WORSE THAN YOU THINK
    52% of Americans are on some sort of govt subsidy.
    25% of Americans rely on social security:
    …. 18% are retirees,
    …. 3% are disabled, and;
    …. 2.3% are survivors.
    18% of Americans rely on Medicare (age)
    18% of Americans are on Medicaid (poverty)
    19% of Americans are on Welfare

    Top 1% of taxpayers: paid 42.3% of all federal income taxes. They accounted for more income taxes paid than the bottom 90% combined.
    Top 10% of taxpayers: Paid 74% of all income taxes.
    Top 25% of taxpayers: Paid 89% of all income taxes.
    Top 50% of taxpayers: Paid 97.1% of all individual income taxes.
    Bottom 50% of taxpayers: Paid the remaining 2.9% of all individual income taxes.
    So… why are we even taxing the bottom 50% of taxpayers?

    Does the population understand that having exported our industrial capacity and financialized our economy, all of this redistribution is dependent upon the dollar as the reserve currency and the USA’s role in policing world law, finance, and trade?

    No.

    Source date (UTC): 2023-10-06 17:00:18 UTC

    Original post: https://twitter.com/i/web/status/1710339207887990784

  • The right has become as incompetent at basic Econ as the left. The amount of mon

    The right has become as incompetent at basic Econ as the left. The amount of money spent on the UA conflict wouldn’t move the needle. Even moving the needle in the USA will take something on the order of twelve trillion dollars. Look what just those checks cost us under Covid and the effects.

    We need repatriation of immigrants out of the country on a massive scale, repatriation of industry into the country even faster than we are doing now, massive increases in infrastructure, and military modernization and expansion, a complete reformation and replacement of our education system, a division of our financial system to separate consumer and biz virtually ending consumer interest, ending income taxation on physical labor jobs it’s not worth the mere three percent it produces given the harm to the lower classes, immediate adoption of the Singapore method of retirement, healthcare thereby ending inter generational redistribution dependent on eternal population expansion and endless economic growth, ending reversing and restoring liability for interference in a marriage, ending community property alimony and child support with parent taking children paying for these the desire. Separating teaching and research in college and university. And reversing the trend in the need for higher ed by restoring responsibility for producing independent citizens in our school systems, restoring testing by employers obviating the need for education debt, gutting the sedition in universities and enacting race and culture blindness without exception ending any and all affirmative action followed by restoration of freedom of association and disassociation in other walks of life.

    And that’s just scratching the surface of the reforms our organization is proposing.

    Reply addressees: @RichardHanania

    Source date (UTC): 2023-10-03 02:52:09 UTC

    Original post: https://twitter.com/i/web/status/1709038600149413888

    Replying to: https://twitter.com/i/web/status/1708839052575981842

  • NO SOCIAL SECURITY AND WELFARE CANT INCREASE – OR SURVIVE —“Social security an

    NO SOCIAL SECURITY AND WELFARE CANT INCREASE – OR SURVIVE
    —“Social security and welfare could easily do what a “traditional” family (assuming the lone breadwinner is paid enough to thrive in an inflated economy) does if federal and state governments actually invested in those…

    Source date (UTC): 2023-09-25 15:55:40 UTC

    Original post: https://twitter.com/i/web/status/1706336674341433850

    Reply addressees: @jstabastrdchild @schizarella

    Replying to: https://twitter.com/i/web/status/1706309128950304816

  • NO SOCIAL SECURITY AND WELFARE CANT INCREASE – OR SURVIVE —“Social security an

    NO SOCIAL SECURITY AND WELFARE CANT INCREASE – OR SURVIVE
    —“Social security and welfare could easily do what a “traditional” family (assuming the lone breadwinner is paid enough to thrive in an inflated economy) does if federal and state governments actually invested in those programs.”—

    That’s simply not true. It’s horrifically NOT true.
    Social Security: Roughly 23% of the federal budget.
    Medicare: Approximately 15% of the federal budget.
    Medicaid: Around 9% of the federal budget.
    Welfare: Around 2% of the federal budget.
    Adding these together, mandatory programs like Social Security, Medicare, and Medicaid consume approximately 49% of the federal budget. (Half of all taxes already go to these programs.)
    Add 9% for federal employees and contractors and you’re at 58%.

    Now, add that the deficit each year – meaning taxes not collected, and therefore money borrowed by the government – has recently varied from 22% before covid to 47% under covid.

    So at the low end, where:
    Mandatory Spending: 47% of the total federal budget
    Actual Revenue: 78% of the total federal budget
    So of the ‘real’ taxes collected, that means at least 60% of federal revenue goes to those categories of mandatory spending

    In other words, there is zero chance that these programs will survive into the future given demographic rates of reproduction and the quality “capabilities” of the populations we are immigrating. In other words, dropping our country’s IQ from 100 to 97 is already visible in effects, and we will shortly hit 95, which puts us in a second world instead of first world economy.

    We are entering a crisis today as world geoeconomics, geopolitics, and geostrategy equilibrate, ending our western institutional, cultural, scientific, technological, genetic, and demographic advantage.

    We will enter yet another crisis quite soon as the delay in reforming the benefits system to RESTORE dependence on the family for our poverty, health, and elder care, directly by the family, or indirectly through taxes on the productivity of the children when they mature.

    Because while y’all seem to think the government is rich, it’s not. It’s just another college kid running up credit cards without the job or income to pay them down, and while we can go bankrupt against consumer debt, when it comes to Benefits programs, the debt is to ourselves – so we lose either way.

    Cheers

    Source date (UTC): 2023-09-25 15:55:39 UTC

    Original post: https://twitter.com/i/web/status/1706336674043576320

  • Lame attempt. Try harder. In a progressive tax system, instead of that money is

    Lame attempt. Try harder.
    In a progressive tax system, instead of that money is going to hedonistic consumption, women are forced to save that money so that over time, they interest and the principle accumulate sufficiently so that she is not a burden on the women who instead have born not only that burden but that of children, and through her children ensured the surplus to pay for her services.

    Reply addressees: @anderstegn

    Source date (UTC): 2023-09-22 21:01:04 UTC

    Original post: https://twitter.com/i/web/status/1705326369276612608

    Replying to: https://twitter.com/i/web/status/1705283093651697730

  • I know I read it. It’s half good. It is however, an appeal for middle-class welf

    I know I read it. It’s half good.
    It is however, an appeal for middle-class welfare given that the problem is nothing more than the failure of families to self-regulate expenditures because of their investment in education and status and self-image preservation.
    Millionaires with paid-off mortgages are invisible despite the fact that there are so many of them because they don’t spend unwisely.
    Warren doesn’t deal with the problem of the financial sector or taxation. And I’m far more worried about the working and lower middle class which I’m sure she’s collapsing into the greater middle class.

    Reply addressees: @jeffo166186577 @SenWarren

    Source date (UTC): 2023-09-12 05:27:34 UTC

    Original post: https://twitter.com/i/web/status/1701467568425271296

    Replying to: https://twitter.com/i/web/status/1701458762236653612

  • Correct (as usual) Forced retirement savings is never a bad idea given the demon

    Correct (as usual)
    Forced retirement savings is never a bad idea given the demonstrated behavior of the population. But basing it on the number of children and how they perform as taxpayers produces the proper incentives, just as family incentives have existed for millennia

    Source date (UTC): 2023-09-12 02:53:40 UTC

    Original post: https://twitter.com/i/web/status/1701428837110657371

    Reply addressees: @StevePender @clakklaa

    Replying to: https://twitter.com/i/web/status/1701426182661558732