View Poll Results: What of the following does the best for eliminating poverty in the world?

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  • Private property.

    55 5.48%
  • Unions.

    315 31.41%
  • Personal liberty.

    69 6.88%
  • Entitlements.

    403 40.18%
  • Taxation

    463 46.16%
  • Freedom from coercion/association.

    52 5.18%
  • Government programs/policies.

    410 40.88%
  • The free market.

    79 7.88%
  • Class struggle.

    14 1.40%
  • Working for oneself.

    59 5.88%
Multiple Choice Poll.
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Thread: How is poverty best eliminated?

  1. #521
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    Re: How is poverty best eliminated?

    Quote Originally Posted by imagep View Post
    Which is exactly why means tested welfare is the least effective way of reducing poverty.

    We are actually training some segments of our society to feel entitled, and also to not strive for a higher income because they will lose freebie benefits if they do achieve a higher income.
    Yep but it buys votes using other people's money. Income redistribution works very, very well in that sense.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  2. #522
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    Re: How is poverty best eliminated?

    Look at those poll numbers. Somebody needs a job.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  3. #523
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    Re: How is poverty best eliminated?

    How to eliminate poverty?

    Soylent Green

  4. #524
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    Re: How is poverty best eliminated?

    Quote Originally Posted by imagep View Post
    As long as supply is expanding fast enough to meet demand, why do you think prices would rise?

    Inflation is caused by insufficient supply to meet demand. It's not caused by any particular demand level.
    Well you just said it yourself. There may be a time lag in supply. Not only that but it depends on how much control suppliers have on the market. If the suppliers control the market they can increase prices as long as demand remains high without necessarily restricting supply. What was once called vertical integration is basically about doing that. That said, what you said is correct.


    Quote Originally Posted by imagep View Post
    Businesses work hard not to over produce, and when they do over produce, it's a temporary thing, they cut back production as soon as they realize that inventories are rising. Any miscalculation doesn't happen with every producer in ever industry at the same time, it's staggered.
    Just like they work hard not to over produce, they work hard not to under produce as well. Just like I have a side business in addition to my job. In my business there is a constant balancing act between not having enough inventory and having too much. Sometimes you get it right, sometimes you don't. I just try to be right more than wrong. I assume other people running businesses do the same.

    Quote Originally Posted by imagep View Post
    Not if there is no over production. But even if there was a temporary decline in demand for a particular product, there would also be a corresponding decline in price as producers sought to clear out excess inventory, which would cause the quantity demanded to rise until the over production was absorbed. And yes, if this did happen there would likely be layoffs, but only in the particular industry/employer who had miscalculated demand.
    Correct me if I am wrong, but I think that is what business cycles are about.

  5. #525
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    Re: How is poverty best eliminated?

    Quote Originally Posted by imagep View Post
    I think you focus way too much on overproduction. You have to remember that most producers don't produce anything until an order is placed. If all they are doing is meeting those orders, then they are meeting demand, no more and no less.

    Think about Walmart, or any other retailer. They determine what the optimal quantity of a particular product is to have in stock in their stores. They don't exceed that quantity, and they only order more units when they sell more units, and they only order the amount of units sold.

    Factories only produce the number of units that they have orders for, and typically they warehouse far fewer goods than they used to. The last time I had a real job, I worked in a plant that made tennis balls. We had a sales manager and a production manager, and these people met daily to determine the number of units that we needed to produce that day, and the number that we needed to schedule during the up-coming weeks. Everything that we produced was shipped to the distribution centers, or even individual stores, with 24 hours of it being produced. The minute that sales started to become week, or that we had more than a few days of production on hand, we would cut back a shift, and the minute that we had customers complaining that we weren't shipping fast enough, we would add a shift. Inventory shortages and inventory overages of established products in a mature market are corrected within days.

    About the only time when this doesn't happen is when it is a new product, and producers have no clue how many they will sell, or in the case that some odd external factor significantly effects demand (like a couple of years ago, idiots thought that Obama was going to take away their guns, so they flooded to the gun stores to purchase more). In this case, there may be shortages or excess production which can't be cleared in a matter of weeks, but that doesn't really effect our entire economy, only those specific producers.

    Our economy is pretty much self healing, which is why we always recover from recessions. Economic cycles only occur due to irrational bubbles, such as the dot.com bubble or the sub-prime mortgage bubble, or due to temporary artificial shortages, such as the OPEC embargos of the 1970's and early '80s. If we could eliminate these irrational bubbles and artificial shortages, we could have growth at a constant rate...forever.
    Well me as a retailer, I have to make guesses about what people will want, and that is not easy. Of course my business is very small, but I know my suppliers do the same. Of course they are not the direct manufacturers, and it is likely true that the direct manufacturers only manufacture what they have orders for. So I guess what I am saying is that somewhere down the line, there are people who have to sell directly to the public, and even if we consider a very large retailer like Walmart, that determination of what you call "optimum quantity" is a guess only. If they over order, they have to sell those products at a deep discount to get rid of the excess. Now you say that does not effect the entire economy, and honestly I really haven't done enough research on the matter to know if that is true. But something tells me that if it happens to enough retailers, such as when the recession hit back in 2008 or so, then it does indeed impact the economy as a whole.

  6. #526
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    Re: How is poverty best eliminated?

    Quote Originally Posted by HW22 View Post
    Here's an idea that I think people on the left and right can support: basic income. It would eliminate welfare programs and replace them with a direct cash transfer to every American with no exceptions. I recommend everyone who has the time should read up on it but if there is enough interest I'll assemble a big long post summarizing basic income.
    A book for you

  7. #527
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    Re: How is poverty best eliminated?

    Quote Originally Posted by radcen View Post
    Look at those poll numbers. Somebody needs a job.
    this is why polls should be members only.

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    Re: How is poverty best eliminated?

    Quote Originally Posted by imagep View Post
    Which is exactly why means tested welfare is the least effective way of reducing poverty.

    We are actually training some segments of our society to feel entitled, and also to not strive for a higher income because they will lose freebie benefits if they do achieve a higher income.
    Amen.

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    Re: How is poverty best eliminated?

    Quote Originally Posted by ttwtt78640 View Post
    Yep but it buys votes using other people's money. Income redistribution works very, very well in that sense.
    This is why the left pushes it.

  10. #530
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    Re: How is poverty best eliminated?

    Quote Originally Posted by US Conservative View Post
    This is why the left pushes it.
    It is also why the right dare not openly oppose it.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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