Great summary of what I wish I could see. Unfortunately, with the politicians we have, it could take awhile to get it. Unfortunately, you forgot to include enough grift. Left, right, grift runs Washington. I like the common sense environmentalism, many people on the right think carbon fuels are here forever. The Left wants huge windmills, and solar to fix everything. the right wants fossil fuels, big cars, constant consumption etc, to prop up the economy. I like your way better
Yes, the government is corrupt. But even dictators and monarchs often follow the will of the people to some degree. It's a matter of pointing out the the frugal environmentalist types that the frantic consumerism we see is not necessary IF we follow some Austrian school recos.
I'm in. I don't spend a lot of time thinking about how to redesign the economy, I'm glad you are doing that heavy lifting. I agree on pretty much every point, this would be a much healthier economy, nation and people.
Contemplate how fast the deficit exploded when Supply Side economics was attempted. Contemplate how the welfare state exploded after the Kennedy tax cuts. Contemplate how the government serves the elite as much or more than the voters. The elite are being taxed at 20%. That's why they are all in with the wokeness.
> Supply Side Economics and Christian Conservatism don't mix so well.
Are you too dumb to tell the difference between GDP and the productivity that it's frequently used as a proxy measure of, or do you think your audience is?
You had me at "eliminate/simplify the income tax". I hate income taxes so much that I would probably go along with almost anything if it meant doing away with the abomination that is the modern income tax system.
I would love to eliminate, but it's not practical until we wind down some serious debt -- including retirement system obligations. Even tariffs depend on an income tax to be practical these days. (If you have an income tax, you can levy tariffs in terms of percent of cost -- since the cost gets reported as part of computing deductions for corporate income tax. Without an income tax, you need gigantic schedules of tax by quantity of stuff. Very tedious.)
there's also a link from the Prof. to a PDF I'll find for y'all and repost it under this comment but TVP is a scrupulous non-profit 501 3c organization doing good work and deserving of 7.00, although you can get a free sample on Google Play store and iPhone apps store too.
Pay off the national debt? The debt is $259,000 per household. But many, perhaps most, households are not net productive, in that they receive more from the government than pay in taxes, so they are part of debt problem not a solution. Taxing them cannot pay the debt. You can only tax productive people to really pay off the debt.
So that means that every household will have to be taxed, say, $400,000 or more to pay the national debt. How is that going to happen? If they all sell their houses that would not be enough to pay the national debt. And whom would they sell the houses to if everyone else is also selling their houses?
This is situation our rulers have put us in.
You are probably right that the only way out is to sell America to the foreigners that we owe the debt to. But Americans will never allow that. So the U.S. is insolvent with no way out. Right? You are correct, an insolvent nation going on the gold standard will not solve anything.
Great summary of what I wish I could see. Unfortunately, with the politicians we have, it could take awhile to get it. Unfortunately, you forgot to include enough grift. Left, right, grift runs Washington. I like the common sense environmentalism, many people on the right think carbon fuels are here forever. The Left wants huge windmills, and solar to fix everything. the right wants fossil fuels, big cars, constant consumption etc, to prop up the economy. I like your way better
Yes, the government is corrupt. But even dictators and monarchs often follow the will of the people to some degree. It's a matter of pointing out the the frugal environmentalist types that the frantic consumerism we see is not necessary IF we follow some Austrian school recos.
Spread da word!
I'm in. I don't spend a lot of time thinking about how to redesign the economy, I'm glad you are doing that heavy lifting. I agree on pretty much every point, this would be a much healthier economy, nation and people.
> This is why the income tax was added. The income tax was originally meant to be a tax surcharge on the super rich.
And one could learn a lot by contemplating how quickly it expanded beyond that.
Water under the bridge, alas.
Contemplate how fast the deficit exploded when Supply Side economics was attempted. Contemplate how the welfare state exploded after the Kennedy tax cuts. Contemplate how the government serves the elite as much or more than the voters. The elite are being taxed at 20%. That's why they are all in with the wokeness.
> GDP goes down.
> It's all enough to make a Supply Sider cry.
> Supply Side Economics and Christian Conservatism don't mix so well.
Are you too dumb to tell the difference between GDP and the productivity that it's frequently used as a proxy measure of, or do you think your audience is?
GDP measures the money economy. It does not measure the home economy.
Looks like my question went right over your head.
The money economy is that which is taxed. To balance the budget by "growing the economy" means growing the money economy.
You had me at "eliminate/simplify the income tax". I hate income taxes so much that I would probably go along with almost anything if it meant doing away with the abomination that is the modern income tax system.
I would love to eliminate, but it's not practical until we wind down some serious debt -- including retirement system obligations. Even tariffs depend on an income tax to be practical these days. (If you have an income tax, you can levy tariffs in terms of percent of cost -- since the cost gets reported as part of computing deductions for corporate income tax. Without an income tax, you need gigantic schedules of tax by quantity of stuff. Very tedious.)
Fair enough. Until then I will be happy with any simplification I can get, and I am very willing to make compromises here.
Hi Fabulous. What if you spent your adult life redesigning Society & Civilization, would you finish?
This man did and his partner complied his assays, interviews, lectures and contributions here:
https://www.thevenusproject.com/honoring-the-visionary-legacy-of-jacque-fresco-transcriptions-of-his-visionary-lectures-completed/
Their book should be considered the 20th Century Bible of mankind:
THE BEST THAT MONEY CAN'T BUY
Beyond Politics Poverty & War
By Jacque Fresco & Roxanne Meadows
https://www.thevenusproject.com/product/the-best-that-money-cant-buy-ebook/
there's also a link from the Prof. to a PDF I'll find for y'all and repost it under this comment but TVP is a scrupulous non-profit 501 3c organization doing good work and deserving of 7.00, although you can get a free sample on Google Play store and iPhone apps store too.
I recommend Chapter 12: 'Changing Human Nature'.
Seriously,
ORION
Pay off the national debt? The debt is $259,000 per household. But many, perhaps most, households are not net productive, in that they receive more from the government than pay in taxes, so they are part of debt problem not a solution. Taxing them cannot pay the debt. You can only tax productive people to really pay off the debt.
So that means that every household will have to be taxed, say, $400,000 or more to pay the national debt. How is that going to happen? If they all sell their houses that would not be enough to pay the national debt. And whom would they sell the houses to if everyone else is also selling their houses?
This is situation our rulers have put us in.
You are probably right that the only way out is to sell America to the foreigners that we owe the debt to. But Americans will never allow that. So the U.S. is insolvent with no way out. Right? You are correct, an insolvent nation going on the gold standard will not solve anything.