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Egg rice in 2 min

Vox: The new US tax law, explained with cereal

SDGundamX says...

A Mitt Romney fan, eh? You should probably read this article, which absolutely guts the myth that only half of income earners pay taxes.

As far as the top 1% paying 40% of the taxes, I agree that is atrocious--they are supposed to be paying almost ALL of it! See, when the income tax was introduced with the 16th Amendment, it was primarily meant to be a tax on the rich. The federal tax rate for middle-class people was meant to be around 1-2% whereas the tax rate on the rich was around 7%. You can see the original 1913 tax form here.

Of course, since literally the income tax's inception, the federal government has continuously been shafting the middle classes while reducing the tax burden of the wealthy. It's about as American as apple pie by this point!

The big problem is that the government relies more and more on income tax to fund federal projects. Take a look at the graph in the article I linked to at the start of this comment and note how corporate taxes keep going down while income and payroll taxes keep going up.

It doesn't help at all that most of America's biggest businesses have offshore tax havens where they can avoid paying taxes (think Ireland for Apple, Inc., though that hasn't worked out so well for them thanks to the EU being less corporate cock-sucking than the U.S. government).

So, to solve America's tax deficit problem, the solution is pretty clear--tax rich people more (as was intended), tax corporations more and cut off their tax havens, and maybe give a tax break to the people who actually need and deserve it--the middle and lower classes.

But of course all of that sounds suspiciously like socialism, which as we all know is the devil incarnate and about as un-American as naming your kid Stalin.

drradon said:

This, like so many of these tax discussions, happily ignores the fact that those top 1% of income earners pay 40% of ALL taxes... (and more than the combined tax revenues of the bottom 90% of income earners). The reality is that nearly 50% of all income earners pay NO taxes - this really isn't a good social policy - where nearly half the potential voting public have no vested interest in how government money is being spent

when should you shoot a cop?

enoch says...

@bcglorf

i don't think using @drradon 's example of anarchy a good use as a rebuttal.

now may be larken rose's vision is an extreme example,taken from the von mises institute,and where they dreamily offer a counter to police with a "non-aggression principle".while cute and adorable,humans tend to be far more vicious and violent in nature,especially when desperate.

but again,i think our respective approaches to authority will not find common ground here.

i do not seek a leader,but i am ok with a representative,though i do not seem to have any in my government at the moment.

i find it curious,amazing and not a little disturbing just how easily people will quietly,and tacitly accept a police that has become more and more draconian,violent and aggressive while SIMULTANEOUSLY decreasing the citizens rights to protect themselves,defend themselves and resist unlawful police practices.

because they simply change the law to make what WAS illegal...legal.with a stroke of a pen.

and i simply cannot respect when an american says,without any sense of justice or history,to just sit down,shut up and do what you are told.

while claiming they are a patriot,waving their american flag made in china.

the history of law enforcement in this country reveals that their main job,their main focus and duty is NOT to the poor,the dispossessed or the marginalized.

the police's job is to protect those who hold assets,who have money and wield political power.

and before you say anything,i am quite aware that there are some,and they are the majority,who do their job with honor and distinction.my argument is not about singular police officers but rather the systematic problems inherent in the system.

lets take my city for example.
i am blessed enough to live adjacent to a very wealthy and influential housing development.

average police response time?=7 minutes.

right down the street,not 10 miles down the road,is a depressed area of town.industry and manufacturing abandoned that area 20 years ago.it is stricken with prostitution,heroin addicts and abject poverty.

average police response time?=22 minutes

yet the main police station is in THAT area.

or should i bring up the history of american labor movement?
where the coal miners in west virginia decided to strike,and because the owners of the mines were politically connected.the governor sent in the state police to...and this should send chills down your spine...shoot any miners unwilling to go back to work.

and they did.
they murdered any coal miner still willing to stand up against the owners of the mine,and this included women and children.

now lets examine that for a minute.
workers for a coal mine decided to strike for better working conditions (which were horrible) and actually have a day off,besides sunday (because:god).

the owner of the mine,who was losing immense of amount of money due to zero production of coal,called the governor to have the state police,a civil institution,sent in to put those people down.to force them to either get back to work or face violence.

*now the owner brought in his own mercenary group to assist in the process of intimidation,strong arm tactics and violence.

i will add one more story that is personal,and comes from my own family,and may possibly explain my attitude towards police in general.

my father was born in 1930,in alton illinois.
now that small town had been hit particularly hard during the depression.my father spoke of not having indoor plumbing until he went into the navy,and how the floors in his childhood home were simple boards over dirt.

he grew up extremely poor,and my grandfather struggled to find steady work,and i gather from what my father told me.my grandpa made bootleg beer out of the bathtub.so he and his 6 brothers and 1 sister had to bathe in the mississippi river while grandpa tried to make money by selling illegal hooch.

my father also regaled me with stories of the chores he had as the youngest of 8 kids.it was his job every morning to head to the train tracks and pick the coal that dropped from the coal carts.(which he admitted to being lazy and stole directly from the very full coal cart itself while his brother kept an eye out for the station master).

my point is that my father grew up in desperate and poor times.

but one story always stood out,and i think it is because it has a wild west feel to it that always transfixed me,and i made him tell me the story over and over as a child.

when times are tough,people will do whatever they have to in order to survive,so my grandfather making illegal hooch was not the only illegalities being played out in that small town.neighbor upon neighbor did what they had to,and most were considered criminals in the eyes of the state.

so i guess one of my grandpa's friends was on the run from the law,and sought refuge at my grandpa's home.which he allowed,because neighbors take care of neighbors,at least they used to.

well,in a small town everybody knows everybody,and eventually three police officers showed up at my grandpa's house,and demanded that he turn over (i forgot the guys name).

and i remember the pride on my fathers face whenever he retold this story....

my grandfather stood tall on the top of his stairs facing his front door,holding his gun he was given during WW1 and told the police officers (which he knew.small town remember?),that if they took one step into his home..he would blow their heads off.

now this is a story retold from a childs perspective many years later.i am sure my fathers memory was a tad....biased..but i would bet the meaty parts were accurate.

now my question is this:
how would that exact same scenario play out in todays climate?

well,we would see on the 6 o'clock news how a family was tragically shot to death for harboring a criminal and that the police had done EVERYTHING in their power to avoid this kind of violence.

i know this is long,and i hope i didn't lose you along the way,but i think we should not dismiss the very real slow decent into a society that silently obeys,quietly accepts more and more authoritarian powers all in the name of "safety",and that any form of resistance is to be viewed as "criminal" and "troublesome".

so while i agree that "when should we shoot a cop" should be in the realm of:let us try to never do that.

i also cannot agree to placing cops on a hero platform as if their job is somehow sacrosanct and beyond reproach.they are human beings,of limited intellect,whose main job it is to protect those who own property,have wealth and wield political power.

and with the current disparity and blatant inequality their job has been more and more focused on keeping those 30% undesirables down.

the poor,the destitute,the marginalized,the addict and the junkie and the petty criminals.

those are a threat to the "better" citizens.they are a blight on a community that should be cleansed from the tender eyes of those who are deemed more "worthy".

rich folk may wring their hands,and lament the plight of the poor and wretched,but for GOD's sakes! they don't want to actually SEE them!

so a police officer can do all the mental gymnastics they want in order to justify their place in society,but at the end of the day,they serve the elites.

and they always have.

Socialism explained

enoch says...

this is pretty high on the retarded scale.
and tagging this in the *education *philosophy and *learn channels is insulting to those who use their brains.

look man,i get that you disagree with socialism as an economic system,and you are perfectly within your rights to hold that opinion,but it is apparent that you have no clue what socialism is and continue to regurgitate the tired old tropes from the mcarthy era.

you,my friend,suffer from an incredibly bad case of doublethink.

you cannot on the one hand view taxes as theft and then turn around and support the military.which is a socialist institution and uses taxes to fund itself.

what you fail to realize is that this discussion goes back to the beginning of this country:what is the governments role.since the constitution was a brilliant document,and what made it brilliant was NOT simply the words written but the fact that our forefathers KNEW that they didnt know everything and they allowed for the constitution to be changed,as our society changed.

which is why we got rid of slavery,and allowed women to vote.we expanded the bill of rights to include blacks.

we did these things as a society.

we got rid of child labor and we decided that basic education was a fundamental right.

socialism is not a utopian philosphy.it is an economic philosophy and it can be just as abused as capitalism.the bank bailouts in 2007 was a socialist reaction,and one the majority of the american people disagreed with,but so was the interstate highways...which we DID agree upon.

so to title this "socialism explained" is pretty fucking stupid.

i already linked you an actual breakdown of american socialism,which appears you failed to read.so allow me to try again and i implore you.give it a read:
https://mises.org/blog/bernie-sanders-right-us-already-socialist-country

Bernie's New Ad. This is powerful stuff for the Heartland

enoch says...

@bobknight33
"socialism is not american"

i swear sometimes bob i dont know what the fuck you are talking about.

even when people put out,quite correctly i might add,that america has socialism in its economic structure.you respond like they didnt state anything.

it is like you live in this weird bubble and that any information that attempts to enter,that may possibly contradict your own personal understandings.

so when i say that you can have a socialist democracy,i am not just pulling that out of my ass:
https://en.wikipedia.org/wiki/Democratic_socialism

or that america already has socialist programs,and a majority of them YOU and your children enjoy:
https://mises.org/blog/bernie-sanders-right-us-already-socialist-country
(this is from the von mises institute.not exactly a bastion of liberal/progressive ideology.just in case you wanted to pull that tired and stupid response:well,they are a liberal website blah blah blah)

so if YOU think that socialism is SO bad and harmful and utterly un-american.let us revert to a pure capitalist society shall we?

here are the things that we will be saying goodbye to in your new capitalist america:
1.child labor laws.
thats right...your 8 yr old grandchild can now quit her fucking whining and get to fucking work.hmmmm...nothing like forced labor for the children working 14 hr shifts with no breaks,and 6 days a week.no work on sunday!
because:god.

2.minimum wage.
gone will be a basic minimum wage imposed by federal law.now we shall see the TRUE market place in action! of course,since there is surplus of available workers and there is no minimum.we can exploit the most desperate and vulnerable of our society and pay them 25 cents an hour!
take THAT china!

3.public schools.
education? only if your are part of the new american aristocracy! and what child will be going to school for an education? they are too busy working at the plant! pfffft..education.it is over-rated anyways.

4.fire and police.
now why would i spend my hard earned money in taxes, so my neighbor can be protected from fire damage and property damage? pay for your own protection fuckface! oh...you're too busy working 3 jobs,making .25 per hr? and your kids are working too? aww too bad loser.shoulda pulled yourself up by your bootstraps.

5.voting.(yep.you read that right)
i am a hard working american.who pays his taxes and owns property AND a business! and i JUST gave my employees a raise to .27 per hour! i have a RIGHT to vote! why should those non-property owning losers get a vote as well? i am obviously far more important than they are.whats next? women voting? the horror.

6.social security and medicaid.
now why would we waste time and resources providing a safety net for those losers again?how is it MY responsibility that they couldnt plan for their sunset years? i did give them a raise didnt i? fucking crybabies.and so what if they actually PAID into those programs.i feel better creating my own reality by calling those programs "entitlements",because it makes me feel morally superior to them.

7.public libraries.
there is that pesky "education" again.why should i be responsible for someone else family and their access to literature and information?what do you think i live in? a society? with neighbors? communities?this is just more government intrusion upon MY life and MY freedoms!

look man,i know i am being a cheeky shit in this comment,and i am not anti-capitalist..at all.
capitalism has brought great things for society as a whole..BUT..there is a difference between capitalism and unfettered capitalism,and what we have now is NOT capitalism.

it is socialism for the rich:
see: the bank bailout
see: corporate subsidies (welfare)
see:corporate tax breaks (welfare)
see:our current political system which has been totally over-run by corporate money.a corporate coup de'tat.
which we are all fed the bullshit line of how wonderful captialism is,but the only beneficiaries are corporations,wall street and the dept of defense.

the only people that get to engage in capitalism are the poor and middle class,because actually having to compete is for suckers and losers.

newtboy (Member Profile)

Syntaxed says...

I meant not to be particularly argumentative, only contradictory. However, I feel that I have been forced into the position to return fire with fire, as it seems you lack the capability and or willingness to discuss something without attacking me, spewing meaningless information, circumventing reason, and drawing up arse about face codswallap for your conclusions.(Look mommy, I can curse to!!!!!!!)

Firstly, I should like to address your attacks against me...

Fox bubble? My god, were I to force myself to absorb and process information from such a low level of news broadcasting, I would reel in shock from the incursion into my sanity. Luckily, however, I live in the UK, and had to research Fox on Google to even understand the reference.

Now, to business.

The investigation.... a Red Herring?

http://www.dailymail.co.uk/news/article-3299310/Benghazi-probe-Hillary-Clinton-facing-months-FBI-investigation-emails.html

http://www.thefiscaltimes.com/Columns/2015/10/27/How-FBI-Could-Derail-Hillary-Clinton-s-Presidential-Run

http://dailycaller.com/2015/10/22/fbi-director-im-following-very-closely-the-investigation-into-hillary-clintons-emails-video/

http://www.dailymail.co.uk/news/article-3275919/Investigation-Hillary-s-email-server-focuses-Espionage-Act-10-years-jail-FBI-agent-says-prosecuted-jus
t-failing-tell-Obama.html

https://www.washingtonpost.com/politics/fbi-probe-of-clinton-e-mail-expands-to-second-data-company/2015/10/06/3d94ba46-6c48-11e5-b31c-d80d62b53e28_sto
ry.html

Research, see? Useful. For finding stuff like....INFORMATION.

Socialism:

http://fee.org/freeman/why-socialism-failed/

https://mises.org/library/greece-illustrates-150-years-socialist-failure-europe

http://www.cnbc.com/2015/07/01/greek-disaster-is-all-about-socialism.html

http://townhall.com/columnists/johnhawkins/2014/02/25/5-ways-socialism-destroys-societies-n1800086/page/full

http://www.cato.org/publications/commentary/why-socialism-collapsed-eastern-europe

https://en.wikipedia.org/wiki/Socialism

Bit of light reading, don't worry, I am getting to a point...


"Mischaracterization of Obama's record" ??????

http://healthaffairs.org/blog/2015/06/25/six-problems-with-the-aca-that-arent-going-away/

http://www.fool.com/investing/general/2015/06/07/problems-with-obamacare-that-could-prove-difficult.aspx

http://dailycaller.com/2015/06/09/so-long-as-you-ignore-the-problems-obamacare-is-perfect/

http://www.huffingtonpost.com/news/obamacare-problems/

http://www.newsmax.com/Newsfront/obama-poll-disapprove-isis/2015/08/21/id/671190/

http://theweek.com/articles/589272/obamas-isis-failure

http://www.martinoauthor.com/list-obama-failures/

https://www.gop.com/obamas-biggest-failures/

Next, get a First Class Honours Masters Degree in Psychology from the University of Cambridge, and then spent five years of your life convincing rich people to give your bank their money(My job, by the way), carefully analyze anything Obama says about anything important, then come tell me my observations are "ridiculous" and "beyond contradicting".

As for Trump? Sure, all political candidates are devils in disguise. However, why don't you try to turn a mere million into a multi billion dollar empire and say you cant do anything for the economy?

You know how you get rid of 11 million people?

1. Dont let anymore in...

2. Ship the rest out with the Federal resources you already have...

3. Smile, because you just saved your bloody country:

http://dailycaller.com/2015/09/14/americas-heroin-epidemic-fueled-by-flood-of-illegal-immigrants/

http://www.judicialwatch.org/blog/2015/04/isis-camp-a-few-miles-from-texas-mexican-authorities-confirm/

http://www.thenewamerican.com/usnews/crime/item/20678-report-with-cartel-help-isis-crossing-border-from-mexico

http://www.breitbart.com/big-government/2015/09/25/mexican-cartel-sicarios-crossed-texas-kidnapped-u-s-citizen/

http://www.nationalreview.com/article/414969/mexican-drug-cartels-caused-border-crisis

http://www.laht.com/article.asp?ArticleId=379605&CategoryId=10718

How do you make Mexico build a wall?

1. Stop official trade with Mexico until they give up and build it.

Wow... That was easy...

As for making China ignore our debt... Basically impossible, but that's who's fault?

Obama got you blinkered people into $18 Trillion dollars of debt with his hysterically shoddy plans, I can't believe no-one is smart enough to realize that simple and plain a truth.

No way on Earth his plans would even be tried? He is the Republican frontrunner... By popular poll.

You tried Obama's plans, and his bloody approval rating is (http://www.gallup.com/poll/116479/barack-obama-presidential-job-approval.aspx). Its about time you Americans experienced some success in the world, don't you think?

Sod it all, I am tired, I could say more, but I await your response. May I request that you refrain from using vulgar language in response to an amicable post? As you can see by the content of my article here, I can be a ripe-mouthed cur, but is it truly necessary?

newtboy said:

WTF?!? "Tangible plan"? What on earth could you possibly mean by that?
The "plan" to round up over 11 million people and deport them, but with zero details about it?
The "plan" to make Mexico pay to build a 2500 mile wall, with zero details about how?
The "plan" to illegally deny fugitives entry to states because, you know, Muslims are bad...MmmmK?
The "plan" to skew the tax system even more in favor of those in the top 5%, to the detriment of the middle and lower classes?
His "plan" to be a smarmy, dickish, douchebag to anyone that isn't in his camp...but also to completely control those people to make them do exactly what he wants...again with zero details how he plans to do so?
The "plan" to force China to...I don't know...ignore all our debt and treat us like the boss we are?

As for Clinton's being 'currently under Federal investigation by America's FBI department.'...the "email scandal" has, just like Benghazi, turned up absolutely zero illegal behavior and is nothing more than a red herring designed by the (absolutely not) "conservative" side of our political system, has gone absolutely no where, and only matters to people who would NEVER have voted for her in the first place...if you think differently, you really need to get out of the Fox bubble and look around at reality for a bit.

Little could be more disastrous for the country than having that vitriolic humanoid pumpkin as our 'leader', since the only successful leading he's ever done is leading people to hate each other, and leading far more people to hate HIM. He's a fairly terrible business man, successful only due to starting with a "tiny loan" (his words, really more of a gift from daddy) of a million dollars and being forced to allow others to take control of his investments. He's a bold faced liar, in fact the truth does not seem to be palatable to him in the least....and he's clearly admitted that in his books and sees it as a good thing to hyper exaggerate and minimize. He's a 'good Christian', who's been divorced how many times? There's no way on earth his plans would even be tried. He (and other republican candidates) don't even have a grasp of what the president does or how, claiming they'll 'repeal the ACA on day one', and they'll discard multiple government departments...somethings the president simply CAN'T just do...along with most of their other ridiculous, impossible 'plans'. They all know they wouldn't actually have that power, yet they all lie to you and tell you they will do the hateful things they've convinced you are the right thing to do by themselves. Fortunately our system is designed so that one nutjob, or even one party of nutjobs can't change laws precipitously.

I hate to tell you, but Bernie Sanders is not excluded for being honest and knowledgeable. ALL candidates are socialist, he's just honest enough to admit it. Tax breaks for the rich...socialism. Bailouts for the airlines and banks...socialism. Social security...socialism. Medicare...socialism. "jobs programs"...socialism. Public parks...socialism. Public roads...socialism. Need I go on?

Your mischaracterization of Obama's record is so patently ridiculous it's not worth contradicting.

Volkswagen - Words of the World --- history of the VW

Trancecoach says...

I'm grateful every single day that I'm not living in anything you think of as "reality." I'm not going to "teach" you history. Learners find out for themselves (from someone, in this case, with firsthand experience).

enoch said:

@Trancecoach
lol...whaaaat?
are you living in an alternate reality?
west germany=social market economy,which later became to be called democratic socialism (which is what sanders is promoting).
east germany=stalinism style communism,which did end badly.

and you are right there was a short term plan but that was EAST germany,dictated by soviet union.

jesus trance...read a book.

pedagogy of interiority-the transformation of consciousness

Trancecoach says...

"Although some intolerance, bigotry, and lust for persecution is still left in religious matters, it is unlikely that religious passion will kindle wars in the near future. The aggressive spirit of our age stems from another source, from endeavors to make the state totalitarian and to deprive the individual of autonomy."
- Ludwig von Mises
(Theory and History, p. 64)

"Stupidity of American Voter," critical to passing Obamacare

enoch says...

did i say i was ok with elites perception of those lesser?i do not subscribe to a class system.so please refrain from injecting intentions i never specified. i was simply making a statement that should be obvious to any free-thinking human being.its not like they keep their disdain secret.

i just dont really care what they think of me,as i am quite sure they could care less what i thought of them.

and of course the rest of my comment is beneath you.thats exactly how those "elites" we are speaking of think.
which is basically you have no retort,no response and no argument.

because there is NO response.
you got called out...deal with it.

or do you DENY targeted downvoting my pque without watching the content?
do you DENY not adding any context nor nuance to help people understand your position better?
do you REALLY think this video has merit?
and not just knuckle-dragging "ugh..goverment bad..politicians lie"

and if so,could you please explain,with some clarity,the reasons behind this video? because,as you stated,we agree WHAT obamacare actually is.so?what are your thoughts?

and please make them your thoughts and not some copy/pasted plagiarized argument from the von mises web-page.

have a little self-respect.

Trancecoach said:

<passive aggressive condescending gobbldegook>

ayn rand and her stories of rapey heroes

Trancecoach says...

Rand was certainly not a great writer (as is often the case with those who write novels in a language that isn't native to them). As such, there's no comparison between Rand's use of English and say, Dickens' (but you could probably say that about Dickens and almost anyone else, John Oliver included. And Harry Potter isn't much better than The Fountainhead! Or most popular fiction for that matter.)
I doubt most of Oliver's audience have read Crime and Punishment, or The Brothers Karamzov, or The Sound and the Fury. I doubt Oliver's fans are any more "intellectual" or well-read than Rand's, quite honestly.

But Rand didn't even believe in small government. Just limited government. She was certainly no anarchist. John Galt was, perhaps, but not Rand. (The character is not the author.) Both Murray Rothbard and Ayn Rand learned from Ludwig Von Mises, and they took what they learned in very different directions.

Yet, most of Oliver's audience probably haven't even read Rand and she's hardly that much of a contemporary topic worth talking about.. So why would Oliver (HBO) want to spend valuable broadcast time talking about her? She wouldn't be a "thing" if they chose to ignore it, and yet they aren't. Why? Might this bit be (the $beneficiary of those who are) uneasy with a potential Rand Paul presidential run, thus needing a straw man with which to link him with "libertarians" and Ayn Rand?

All this "OMG Rand!" going around, and yet her work continues to stick around long after she's gone.. And will likely remain so, given ^programs^ (and commenters) like this and their unwillingness to let it go.

Rory Sutherland: 'Perspective is Everything'

Tim Harford: What Prison Camps Can Teach You About Economy

Trancecoach says...

Economics is not a matter of faith. It's a matter of rationality. Logic. The laws of geometry do not change on the basis of one's interpretation. Same is true in economics. As such, one can apply this logic in the absence of any particular belief system. I cite Mises' book because it lays out, in a clear and understandable way, why this is so. But you can read others on the topic (e.g., Hazlitt, Hayek, and Rothbard), as I am not attached to any sort of "fundamentalism" despite your attempts to depict me as such. But so long as you (or anyone) believes they're going to gain any understanding or insight or ability to parse the type of rhetoric demonstrated in this video, then the confusion and suffering that it propagates will continue. I assure you, nowhere in the text I linked (nor in any of the work of the authors I've cited) have addressed, specifically, the "babysitter economy" or the "prison camp economy," and yet, somehow I've pointed out the flaws in the postulated arguments here (flaws, I might add, you chose to ignore, opting instead to engage in a diatribe about me personally).

I could care less if you or anyone on videosift likes me as a person, but stupidity can be addressed with education. Willful ignorance, on other hand, cannot be helped.

enoch said:

@Trancecoach
<snipped>

Tim Harford: What Prison Camps Can Teach You About Economy

enoch says...

@Trancecoach
you could have commented on the video without quoting me.
but you didnt do that,did you?
care to explain why?

/scratch that..i dont really care,so dont bother.
you have already made it abundantly clear how see/feel/perceive me.

i am familiar with the mises institute and most likely BEFORE it became your religion.
i have also read the PDF you posted (multiple times on multiple threads) and what i really got out of it was where the majority of your arguments arise.

i even recall an incident where you were caught plagiarizing one of the mises institutes contributors.

the reason i mention these things is that i have been witness to you consistently telling people to think for themselves and to make their own arguments,when in fact,it is YOU who have copied others peoples arguments and called them your own,using the same source material for almost every argument you posit.

do you know who else does that? fundamentalist christians.

they too speak with an air a fake authority and arrogance given to them by the written word.they too deride and ridicule anyone who would dare disagree with them.

you ridicule me for liking this video?
and then have the arrogance to suggest i read YOUR bible..*cough*..i mean mises.

this assumes two things:
1.i am not familiar with mises.
2.i am willing to devote that kind of time in regards to economics (which i have already explained to you,i am not).

neither of which have been evidenced by my commentary here.

i would go as far to say that many people are not willing to spend that kind of time on economics and short videos like this,while maybe not as in-depth as you would like,do offer us all a small inclination in regards to simple economics.

now maybe that is not a smart decision.maybe we should all take the time to understand something that affects us all,and maybe your suggestions have merit and are worth pursuing.

but the arrogance.........
and the belittling...
the ridiculing...
hard to listen to possible sage words when they are spoken in the language of the fanatic.

i do not say these words to harm,nor lightly.
i am quite confident you are unaware you come across this way.
but somebody has to say it.
so i said it.

realizing how little you think of me and my opinion,you may dismiss this.
but i beseech you not to ignore my words.
i am not the only one who feels this way.

please consider your tone when engaging in something that you are obviously very passionate about.

Tim Harford: What Prison Camps Can Teach You About Economy

Trancecoach says...

Haha!

If everyone's a babysitter, well, that's not a genuine division of labor, is it? And if money can only buy babysitting, well, that's not really money, is it?

And free markets don't work by agreeing through contract how much a currency will buy. If you restrict currency to one "babysitting" unit only, then, of course you'll have problems. You don't need to "print" more of these tokens. Deflation will invariably take place instead in an actual market, not in one where you have to contractually "centrally control" the value of each token.

And of course, a prison camp is not a free market. No entrepreneur can simply start supplying the goods and services needed.

The prison camp does not represent a "free economy," but only a prison camp economy.

I don't think either of those two examples are useful in any real way, but what exactly did you think you'd learn from them?

This isn't "how an economy works," but it's maybe how a non-divisible "currency" works in a one product/service "market;" or how a food embargo works.

P.S. If you really want to understand how economies work, you should read Mises' "Human Action" (PDF) and stop being lazy, thinking you'll learn something from these short youtube videos. (Once you hear Krugman mentioned, it's enough to know that everything that follows is about as rooted in reality as a kindergartner's fingerpaintings.)

This video's always worth revisiting...

enoch said:

sometimes the best explanations are the most simple.
that was excellent.

Mark Ronson: How sampling transformed music

Trancecoach says...

You have completely misunderstood the point and have mistaken the method for interpreting data with the data itself. Yes, of course context matters, but none of your examples presents an exception to rationalism (PDF) in any way. Using reason does not pre-determine the conclusion prior to the interpretation of the data. Just the opposite, rational deductive reasoning enables one to interpret the data from an unbiased position, in contrast to the hermeneutics which you seem to be employing. Without a consistent position based on unchanging principles, the data is either consciously or unconsciously filtered through your a prior "preference" or bias in arbitrary and/or indefensible (rationally-speaking) ways.

And IP is no exception (PDF).

ChaosEngine said:

That position doesn't make any sense. Context matters and there are always exceptions to every rule. It seems to be a common ideal of the right that complex systems can have simple solutions. Sometimes they can, but mostly they don't.

Rationalism may allow me to "take a consistent position based on unchanging principles", but it doesn't mean I have to blindly apply those principles regardless of the circumstances.

For a really simple example, let's take homicide. Killing, I'm sure we're agreed is wrong. So everyone who takes a human life should be sanctioned, yes?
Except in self-defence.
Except in a war.
What about other mitigating factors too. Accidental death. Killing by someone mentally incapable of knowing what they're doing.
We could debate the merits of each individual case all day long, but the end point is that yes, at some point we make a judgement, and ultimately that leads to a law.

So it goes for IP law. Yes, current IP in the US is not only broken, but badly broken and broken in many different ways from patent trolling to DMCA lunacy.

That doesn't mean we just throw out the whole damn thing.

We don't have to make an empirical claim about all law. We make judgements based on what a "reasonable person" considers fair. Yeah, that shifts back and forth and sometimes (like now) it's hideously broken, but that's why we have the ability to change laws.

It's not like that everywhere. NZ, for example, has some quite reasonable provisions in it's IP law (or had, they may have changed recently). I can't sell copies of a song I bought, but I can format shift it, time shift it, etc. That seems reasonable to me (and I suspect, to most people).


I must confess I had to look up "hermeneutics" (good word).



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