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Thread: Five Economic Reforms Millennials Should Be Fighting For

  1. #111
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Hicup View Post
    Remember though, Lizzie, it's not that communism doesn't work, only that the right uncorruptable people have never been in charge.

    Tim-
    A great leader like Barrack Obama could have made it work!!

  2. #112
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Quote Originally Posted by Grant
    "A Scandinavian economist once stated to Milton Friedman: "In Scandinavia we have no poverty." Milton Friedman replied, "That's interesting, because in America among Scandinavians, we have no poverty either." Indeed, the poverty rate for Americans with Swedish ancestry is only 6.7%, half the U.S average. Economists Geranda Notten and Chris de Neubourg have calculated the poverty rate in Sweden using the American poverty threshold, finding it to be an identical 6.7%".
    Yeah Friedman is a well respected economist, however things have evolved since his breakthroughs and better ideas have been discovered.

    So I guess it doesn't matter what system we use huh? Since ethnicity is all that matters?
    There's also this to think about:

    How weíre supposed to read this [State of Working America report from the Economic Policy Institute] is that the USA has a very uneven income distribution, that the poorest 10% only get 39% of the median income, that the richest 10% get 210%. Compare and contrast that with the most egalitarian society amongst those studied, Finland, where the rich get 111% and the poor get 38%. Shown this undoubted fact we are therefore to don sackcloth and ashes, promise to do better and tax the heck out of everybody to rectify this appalling situation.

    But hang on a minute, thatís not quite what is being shown. In the USA the poor get 39% of the US median income and in Finland (and Sweden) the poor get 38% of the US median income. Itís not worth quibbling over 1% so letís take it as read that the poor in America have exactly the same standard of living as the poor in Finland (and Sweden). Which is really a rather revealing number donít you think? All those punitive tax rates, all that redistribution, that blessed egalitarianism, the flatter distribution of income, leads to a change in the living standards of the poor of precisely Ö nothing. (Source: America has Less Poverty than Sweden)

  3. #113
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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Peter Grimm View Post
    I do think the job guarantee is something that needs to happen, along with universal healthcare.

    I also find it intellectually dishonest to just label something "communism" and hope to get a visceral reaction opposing it. How about you attack the man's proposals on the merits?
    Job guarantee? If you want a job you can get one today. The problem is people don't want just any job, they want a job that they feel they are worth.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by d0gbreath View Post
    The millennials have a very stark view of capitalism. There just doesn't seem (to them) to be any way to succeed. If you're not well versed in 'puts' and hedge fund gambling, it's harder and harder to find suitable work.
    They were conditioned to have this view, by neo marxists pushing discredited leftist dogma.

    And as is SOP with critical theory-they dont have any insight or context about the failings of socialism, and many werent even born when the USSR dissolved.

    There is no greater vehicle from poverty than capitalism, for all its quirks. Its not perfect-its just superior to the alternatives.

    The baby-step fabian socialists can pound sand.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Verax View Post
    Still stuck in the 80's? LoL, things have changed quite a bit since then. Not to mention the Nordic countries are doing absolutely fantastic right now compared to the U.S. Well at least the people are, the ultra wealthy in the U.S. are doing better than anyone... if that's what you want then by all means congratulate yourselves. Although I must say... I don't think anyone on this forum belongs to their club so I'm not sure why we'd support it.
    The ideas and subjects are STILL 100% topical. Ideas matter, not dates, if they did you wouldnt be a fan of marxism and your class struggle silliness, would you?

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Grant View Post
    Great Stuff! Thanks for that, and you summarized the outcome correctly! Especially profound was his statement that the growth of Welfare State in the US would become more dangerous than the threat from the USSR.


    Ironically even George Orwell would have made the same claim.

    Friedman is exciting.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by US Conservative View Post
    [/U]

    Ironically even George Orwell would have made the same claim.

    Friedman is exciting.
    George Orwell once argued that the state should provide everything to the people except money for entertainment that would include such things as movies and books. George Orwell was a novelist.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Henrin View Post
    George Orwell once argued that the state should provide everything to the people except money for entertainment that would include such things as movies and books. George Orwell was a novelist.
    He argued that those freebies would be the biggest threat to their freedom, and he was right.

    Orwell was highly influential, and as a Marxist knew exactly how bad it could get-he'd seen it with his own eyes.

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by US Conservative View Post
    [/U]

    Ironically even George Orwell would have made the same claim.

    Friedman is exciting.
    So is de Tocqueville.

    “The American Republic will endure, until politicians realize they can bribe the people with their own money.”
    ― Alexis de Tocqueville, Democracy in America

    “Above this race of men stands an immense and tutelary power, which takes upon itself alone to secure their gratifications and to watch over their fate. That power is absolute, minute, regular, provident, and mild. It would be like the authority of a parent if, like that authority, its object was to prepare men for manhood; but it seeks, on the contrary, to keep them in perpetual childhood: it is well content that the people should rejoice, provided they think of nothing but rejoicing. For their happiness such a government willingly labors, but it chooses to be the sole agent and the only arbiter of that happiness; it provides for their security, foresees and supplies their necessities, facilitates their pleasures, manages their principal concerns, directs their industry, regulates the descent of property, and subdivides their inheritances: what remains, but to spare them all the care of thinking and all the trouble of living?" ― Alexis de Tocqueville, Democracy in America

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    Re: Five Economic Reforms Millennials Should Be Fighting For

    Quote Originally Posted by Grant View Post
    So is de Tocqueville.

    “The American Republic will endure, until politicians realize they can bribe the people with their own money.”
    ― Alexis de Tocqueville, Democracy in America

    “Above this race of men stands an immense and tutelary power, which takes upon itself alone to secure their gratifications and to watch over their fate. That power is absolute, minute, regular, provident, and mild. It would be like the authority of a parent if, like that authority, its object was to prepare men for manhood; but it seeks, on the contrary, to keep them in perpetual childhood: it is well content that the people should rejoice, provided they think of nothing but rejoicing. For their happiness such a government willingly labors, but it chooses to be the sole agent and the only arbiter of that happiness; it provides for their security, foresees and supplies their necessities, facilitates their pleasures, manages their principal concerns, directs their industry, regulates the descent of property, and subdivides their inheritances: what remains, but to spare them all the care of thinking and all the trouble of living?" ― Alexis de Tocqueville, Democracy in America
    Agreed. Very insightful as well.

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