—Q:”Does Propertarianism rely on markets for healthcare?”—
1) subsidy for survival(underclass),
2) insurance against tragedy(working class),
3) commercial insurance (middle class), and
4) commercial insurance and payment for research and development (upper class).
That is what I recommend. These are all market solutions. And they are the best market solutions that I can define.
Source date (UTC): 2017-05-22 12:12:00 UTC
https://www.brookings.edu/opinions/eliminating-corporate-double-taxation/DOUBLE TAXATION?
Do what is “True” and then adjust taxation levels accordingly.
What’s ‘true’ is to eliminate corporate tax on all income distributed as dividends, and preserve or adjust personal income taxes.
Will this require consequent adjustments? Yes. But they will simplify the tax code, and cause less bad behavior.
Source date (UTC): 2017-05-11 19:42:00 UTC
WHY DO WE HATE KEYNESIANS? —“All I know is that if you’re on Zerohedge you have to yell about Keynesians.”— If you are an investor of any kind, Keyensians (a) deprive you of interest, (b) do random unpredictable policy shifts that you can’t plan for that costs you and our clients all your hard earned money, (c) force you speculate and take risks, just so the government doesn’t destroy your hard earned money. and (d) incrementally drives the economy and the society into higher and higher risks, with large and larger boom and bust cycles, while killing off every safe haven available; and (e) Guarantee that at some point in the near future there will be a global collapse and that all investment for the past century will be wiped out, the dollar and our economy destroyed, and generations will suffer for it.
WHY DO WE HATE KEYNESIANS? —“All I know is that if you’re on Zerohedge you have to yell about Keynesians.”— If you are an investor of any kind, Keyensians (a) deprive you of interest, (b) do random unpredictable policy shifts that you can’t plan for that costs you and our clients all your hard earned money, (c) force you speculate and take risks, just so the government doesn’t destroy your hard earned money. and (d) incrementally drives the economy and the society into higher and higher risks, with large and larger boom and bust cycles, while killing off every safe haven available; and (e) Guarantee that at some point in the near future there will be a global collapse and that all investment for the past century will be wiped out, the dollar and our economy destroyed, and generations will suffer for it.
Deficit spending on infrastructure that produces returns, and is somehow quantifiable, doesn’t seem to be a problem. I don’t see a problem borrowing against the future for the purposes of production (capital increases). In fact, history is very optimistic about both research investment, infrastructure investment, export market investment, and trade route investment (including conquest). It’s just very pessimistic about funding rents, subsidies, and vote-bribes. OTOH, Destruction of intergenerational lending, is informationally destructive. Distortion of the interest rate is informationally destructive. Flooding the economy with money is informationally destructive. And cumulatively that destruction appears to be more than even the combination of innovation and productivity can compensate for, even in a period of gold rush created by the technology booms. I mean, if it isn’t working from 1990 to the present, it’s not going to work in more common periods. Interest is necessary for the purposes of measurement, and to make use of information by those with demonstrated ability to make judgements. I don’t understand why we pay interest on borrowing from ourselves (the treasury). I don’t understand why we care about our status as a reserve currency except as a means of financing the military empire. And I no longer see much advantage to the preservation of the empire (power projection), only our defense of territory and trade. In fact, the empire has dominated our domestic policy for a century now. Lets take it further: I would see no problem in distributing liquidity (dilution of the money supply) if distributed annually or quarterly to consumers on debit cards – other than the moral hazard it would create. This causes industry to fight for consumer dollars, and gives consumers the option to consume or reduce debt. Right now the distortion by financialization (gambling) rather than capitalization is so …. vast … no one has any idea how to measure it. Other than we can see that ‘something isn’t right here’ and we cant find a target that will correct whatever is wrong. (productivity). Targets are pretty simple really: how many hours to the 66% of people on either side of the median have to work to pay for all non-signal private goods? As far as I know, all interest on consumption of non-signal private goods is money lost from the treasury and capital-producing industry. And that looks like trillions to me.
Deficit spending on infrastructure that produces returns, and is somehow quantifiable, doesn’t seem to be a problem. I don’t see a problem borrowing against the future for the purposes of production (capital increases). In fact, history is very optimistic about both research investment, infrastructure investment, export market investment, and trade route investment (including conquest). It’s just very pessimistic about funding rents, subsidies, and vote-bribes. OTOH, Destruction of intergenerational lending, is informationally destructive. Distortion of the interest rate is informationally destructive. Flooding the economy with money is informationally destructive. And cumulatively that destruction appears to be more than even the combination of innovation and productivity can compensate for, even in a period of gold rush created by the technology booms. I mean, if it isn’t working from 1990 to the present, it’s not going to work in more common periods. Interest is necessary for the purposes of measurement, and to make use of information by those with demonstrated ability to make judgements. I don’t understand why we pay interest on borrowing from ourselves (the treasury). I don’t understand why we care about our status as a reserve currency except as a means of financing the military empire. And I no longer see much advantage to the preservation of the empire (power projection), only our defense of territory and trade. In fact, the empire has dominated our domestic policy for a century now. Lets take it further: I would see no problem in distributing liquidity (dilution of the money supply) if distributed annually or quarterly to consumers on debit cards – other than the moral hazard it would create. This causes industry to fight for consumer dollars, and gives consumers the option to consume or reduce debt. Right now the distortion by financialization (gambling) rather than capitalization is so …. vast … no one has any idea how to measure it. Other than we can see that ‘something isn’t right here’ and we cant find a target that will correct whatever is wrong. (productivity). Targets are pretty simple really: how many hours to the 66% of people on either side of the median have to work to pay for all non-signal private goods? As far as I know, all interest on consumption of non-signal private goods is money lost from the treasury and capital-producing industry. And that looks like trillions to me.
If we eliminate the status signals available for childless parents, then we will eliminate childless parents. If we eliminate the subsidy of the underclass, and if we sterilize those on the lower margin, the problem will correct itself.
If we eliminate the status signals available for childless parents, then we will eliminate childless parents. If we eliminate the subsidy of the underclass, and if we sterilize those on the lower margin, the problem will correct itself.
—“What do you think about Peron?”—
His economic plan was a catastrophe that created subsidy for consumption without corresponding development of production, and led to disaster. He was a failure. He purged the left for a time. But he failed.
Argentinians need a monarchy, rule of law, a visciously prosecutorial and highly intolerant judiciary, the end of socialism, and an end to low trust familialism that breeds corruption at all levels.
How can that happen? Hire germans to run the entire country because that is the only way it’s going to happen. Really.
Yes you can love him like we love FDR, and others love Hitler But they were all failures. Why? RULE OF LAW, NATURAL LAW, AND AN VISCIOUS JUDICIARY.
Source date (UTC): 2017-04-27 12:43:00 UTC
MORE “WHAT’S WRONG WITH THE KEYNESIAN WORLD?”
Deficit spending on infrastructure that produces returns, and is somehow quantifiable, doesn’t seem to be a problem. I don’t see a problem borrowing against the future for the purposes of production (capital increases). In fact, history is very optimistic about both research investment, infrastructure investment, export market investment, and trade route investment (including conquest). It’s just very pessimistic about funding rents, subsidies, and vote-bribes.
OTOH, Destruction of intergenerational lending, is informationally destructive. Distortion of the interest rate is informationally destructive. Flooding the economy with money is informationally destructive. And cumulatively that destruction appears to be more than even the combination of innovation and productivity can compensate for, even in a period of gold rush created by the technology booms. I mean, if it isn’t working from 1990 to the present, it’s not going to work in more common periods.
Interest is necessary for the purposes of measurement, and to make use of information by those with demonstrated ability to make judgements. I don’t understand why we pay interest on borrowing from ourselves (the treasury). I don’t understand why we care about our status as a reserve currency except as a means of financing the military empire. And I no longer see much advantage to the preservation of the empire (power projection), only our defense of territory and trade. In fact, the empire has dominated our domestic policy for a century now.
Lets take it further: I would see no problem in distributing liquidity (dilution of the money supply) if distributed annually or quarterly to consumers on debit cards – other than the moral hazard it would create. This causes industry to fight for consumer dollars, and gives consumers the option to consume or reduce debt. Right now the distortion by financialization (gambling) rather than capitalization is so …. vast … no one has any idea how to measure it. Other than we can see that ‘something isn’t right here’ and we cant find a target that will correct whatever is wrong. (productivity).
Targets are pretty simple really: how many hours to the 66% of people on either side of the median have to work to pay for all non-signal private goods?
As far as I know, all interest on consumption of non-signal private goods is money lost from the treasury and capital-producing industry. And that looks like trillions to me.
Source date (UTC): 2017-04-26 10:31:00 UTC