DON’T BE SURPRISED
—“The government endlessly invests in grown adults who can’t dress themselves or bathe., and who destroy every apartment they’ve ever lived in. … As Marx says “from each according to his ability. To each accord to his need.” … Don’t be surprised when you have hoards of VERY needy people with that policy.”—Aaron Schwartz
Source date (UTC): 2019-10-19 10:56:00 UTC
STATE SPONSORED HYPERCONSUMPTION OF GOODS, SERVICES, INFO, AND VIRTUE SIGNALS
—“What we like or want may not be good for us.” –Curt Doolittle
Context of the original quote was that we have used a variety of techniques to generate hyper-consumption and especially conspicuous hyper consumption, and even worse, conspicuous hyper consumption of virtue signals. In other words, we may like hyper consumption but that does not mean it is good for us, any more than hyperconsumption of the pleasure response by drugs is, or hyperconsumption of sedation by alcohol, or hyperconsumption of calming by nicotine, or anything else in any similar spectrum.
So, yes, “all things in moderation” for the individual but this isn’t enforceable if the entirety of the political economy is generating hyperconsumption for hyper-taxation, and hyper-redistribution.
The state should not engage in the provision of the incentive to hyperconsume. This only benefits the financial sector. Instead, just redistribute liquidity in response to shock and sags directly to the consumer and cause business to fight over it.
Source date (UTC): 2019-10-19 10:55:00 UTC
LOANS AGAINST TRUST
by Luke Weinhagen
Law and contract can be used to subsidize for the absence of specific trust, such as between strangers or untested business partners.
Both are “loans” against the stored trust in a polity. Enforced and insured by the commons in the form of “WE as a common polity will impose a cost on any party that breaches law or contract”.
Law and contract only provide incentives for adherence where you can expect positive reciprocity (trust producing – rule of law) or where you can rely on the enforcement mechanisms to compel adherence (trust consuming – rule by law).
Trust consumption eventually gets us back to “Might makes Right” and brings us back to the question “Why don’t I kill you and take your stuff?” (we descend the foundational rule stack). If trust is not there in some form, no one follow the law or sticks to contracts.
Source date (UTC): 2019-10-15 18:05:00 UTC
yeah, well, people put faith in communism, socialism, and god knows what else… why not Yang’s Free Money.. lol
Source date (UTC): 2019-10-05 21:12:12 UTC
Original post: https://twitter.com/i/web/status/1180591541972135938
Reply addressees: @RobertJamesHurd
Replying to: https://twitter.com/i/web/status/1180578470096596993
IN REPLY TO:
Original post on X
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Original post: https://twitter.com/i/web/status/1180578470096596993
The 10 least tax-friendly states:
1. Illinois (Force chicago into a city state)
2. Connecticut (it’s dead. the state is dead)
3. New York
4. Wisconsin (because swedes are socialists)
5. New… https://www.facebook.com/permalink.php?story_fbid=476937702903125&id=100017606988153
Source date (UTC): 2019-10-02 23:40:51 UTC
Original post: https://twitter.com/i/web/status/1179541788392067082
The 10 least tax-friendly states:
1. Illinois (Force chicago into a city state)
2. Connecticut (it’s dead. the state is dead)
3. New York (end the fed, end NYC forever)
4. Wisconsin (because swedes are socialists)
5. New Jersey (because it’s an dump?)
6. Nebraska (because real estate taxes can’t do it )
7. Pennsylvania (because of philadelphia and rust belt)
8. Ohio (How did they screw up that state? How?)
9. Iowa (again, no other tax vehicle because of farming)
10. Kansas (again, no other tax vehicle because of farming)
The 10 most tax-friendly states:
1. Wyoming – No income tax
2. Nevada – No income tax
3. Tennessee – only income tax on interest and dividends.
4. Florida – wealth magnet. Poor magnet.
5. Alaska – no demand.
6. Washington – legacy. reasons
7. South Dakota – no population to service
8. North Dakota – no population to service
9. Arizona – american switzerland (gambling)
10. New Hampshire – only decent people live here and no redistribution so no low parasites. southern european and catholic immigration storm didn’t hit here.
Source date (UTC): 2019-10-02 19:40:00 UTC
… redistribution; and provides finance and internationals (large scale) with access to rents, rather than locals whose rents were suppressed (small scale), merely shifting the problem from many distributed rent seekers to fewer larger centralized rent seekers.
Source date (UTC): 2019-10-01 14:23:47 UTC
Original post: https://twitter.com/i/web/status/1179039207588864000
Reply addressees: @fryskefilosoof
Replying to: https://twitter.com/i/web/status/1179038415590842370
IN REPLY TO:
Unknown author
@fryskefilosoof So the state must and can collect fees for defense, and the courts. It cannot compete unless it can collect fees for investment in the commons. Paying such people richly if small in number reduces their chances of corruption. But allowing them to buy votes through …
Original post: https://x.com/i/web/status/1179038415590842370
IN REPLY TO:
@curtdoolittle
@fryskefilosoof So the state must and can collect fees for defense, and the courts. It cannot compete unless it can collect fees for investment in the commons. Paying such people richly if small in number reduces their chances of corruption. But allowing them to buy votes through …
Original post: https://x.com/i/web/status/1179038415590842370
They should have stopped it. There are far better systems esp Singapore’s Medisave(forced), MediShield (catastrophic), MedFund (fringe) prevents malincentives and controls costs. Same for Retirement. Forced savings, Subsidy in need. But you don’t want that for reasons we all know
Source date (UTC): 2019-09-30 01:24:41 UTC
Original post: https://twitter.com/i/web/status/1178480752947802112
Reply addressees: @paulkrugman
Replying to: https://twitter.com/i/web/status/1178387988025401346
IN REPLY TO:
@paulkrugman
This is even funnier if you know how conservatives tried to stop Medicare from happening 1/ https://t.co/9V4VNQNpGZ
Original post: https://twitter.com/i/web/status/1178387988025401346
That’s just the evidence. In fact, over the next fifty years the increasing decline in the value of labor will require paying people to not interfere in the market they depend upon because all they are able to do is generate demand for consumption given the disutility of labor.
Source date (UTC): 2019-09-25 23:22:32 UTC
Original post: https://twitter.com/i/web/status/1177000460965863425
Reply addressees: @BobMurphyEcon
Replying to: https://twitter.com/i/web/status/1177000212306583552
IN REPLY TO:
Unknown author
@BobMurphyEcon To answer the original nonsense-argument, that people produce not markets, this is patently false. Rule of Law produces, markets, and markets produce risk takers and organizers, and less and less frequently labor. The value is created by the risk, the organization, and not labor.
Original post: https://x.com/i/web/status/1177000212306583552
IN REPLY TO:
@curtdoolittle
@BobMurphyEcon To answer the original nonsense-argument, that people produce not markets, this is patently false. Rule of Law produces, markets, and markets produce risk takers and organizers, and less and less frequently labor. The value is created by the risk, the organization, and not labor.
Original post: https://x.com/i/web/status/1177000212306583552
Domestic Military, Mandatory Militia, Mandatory Savings, No Social Security, No Medicaid Medicare, No Social Services, … nothing, because 83% of revenue comes from payroll and income taxes, which are both ‘income’ taxes.
Source date (UTC): 2019-09-18 11:25:35 UTC
Original post: https://twitter.com/i/web/status/1174283319590236160
Reply addressees: @hnklyh @primalpoly
Replying to: https://twitter.com/i/web/status/1174168462895136769
IN REPLY TO:
@he_negash
@gmiller the right not to have an income tax
Original post: https://twitter.com/i/web/status/1174168462895136769