Discord ID: 418667927169138688
The problem with Venezuela was that they printed too much money compared with their productive capacity
If increasing money supply leads to demand still below production capacity, inflation won’t become cyclical
andrew yang's version of ubi says you can keep your existing welfare
if you prefer that
i'm sure there are some versions of ubi that make more sense than our current welfare system
a critisism of ubi is that if you replace welfare with ubi, that it takes away from those who actually can't work and need it the most
if you keep welfare and add ubi on top of it that seems incredibly expensive
i just don't see a problem to be fixed, what is the problem to which UBI is the solution? we can reform welfare
low-inflation-low-growth enviornment? huh? isn't the economy doing great?
Visitor that is a recipe\ for disasters, QEs are horrible
UBI will eliminate the need for a minimum wage
But UBI produces the same benefit to everyone
Now you could supplement that with disability income for those who can’t work if you want
UBI like the equally destructive Minimum Wage incentivises people to demand higher wages and guess what higher wages do? They incentivise employers to hire less and invest more in labor saving technology. Then to make matters worse because the funding for UBI comes completely out of one of these methods of destruction:
1. Taxes-Employers cut back in the here and now thus reducing the number of wage earners
2. Inflation-Employers attempt to invest more in technology now to eliminate labor in the future
There are other problems too, UBI also strips consumers of the ability to dictate the market. In the marketplace wealth is earned by generating value. When someone purchases a good, they’ve earned the money they are spending by having produced something. This is not the case with welfare programs like UBI. Money is forcibly taken from those who have produced enough to earn it, and given to those who haven’t. This allows for people who aren’t producing wealth to continue to consume goods. Eventually all government welfare leads to the consumption of wealth, or at the very least, a reduction in the amount of wealth that would have been accumulated otherwise. When entrepreneurs have less need to respond to the needs and desires of their customers, consumers will find themselves with fewer choices and with inferior choices. This means that overall welfare makes everyone poorer than they would have been in a free market
@Anon365 there’s many problems with the UBI but that’s a few of them. It can be equally as bad as minimum wage
And I doubt it’ll be stopping at 1k a month, a bit like how the income tax was supposed to stay at 1%.
Just saying, the top tax rate was never supposed to stay at 1%
Yeah I mean it was the highest it was going to get
That’s what they said atleast
The highest lowest tax rate?
My mom believes in white male privilege.
Tried to explain how it's not real because black people can and have become extreme successes.
Bad president Obama.
Honestly this liberal plague even divides families.
One side of my family are right wing or a little right some left.
The other side is left and a few right wing
My parents divorced because my dad did nothing.
Yet working over 1 job and paying for everything is helping.
"White privilege" unironically exists
It's just in-group preference and whites are the majority so they enjoy the benefits of most people in the country having a favorable bias towards them
And not just in-group, if you have that kind of dominance then other groups may start to adopt a favorable bias as well. But yeah well put oyangus
Theres no such "real privilege"
there goes impeachment
If found send back to Hawaii
Don't be stupid
Obama is from Mars
“But if they were told that a government-run system could lead to delays in getting care or higher taxes, support plunged to 26 percent and 37 percent, respectively. Support fell to 32 percent if it would threaten the current Medicare program."
Abolish the government
Except the police fire and military
Go back to the 1800’s
u think anyone back then gave a shit about anything government wise
it was epic
Recession is fake news.
This is better
The adjusted version is more accurate
( Notice the 40s-50s was very stable strong growth with not one recession, that was the closest separation of bank and state)
A lot of bad stats back in the 1800s
We're all privliged here
We were born in devloped countries
You cant control where you're born
Be born in a refugee camp in Africa then come tell us that privlige isnt real
Dude that’s just deep shit
I mean like how libTARDS say white privalage
Privlige based on race isnt real anymore
Class privlige exists
Being born in a middleclass/rich family gives you a giant advantage over someone born into poverty in a poor area
There are parts in the deep south where there's literally no opputunity to suceed unless you are either: really intellectually/phyiscally gifted, or if you join the military
Right wing states have lower economic mobility than left wing states on average
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ but wouldn’t that data be skewed due to the rise and fall of manufacturing in America
Like how industry rose rapidly in the middle and end of the 1800s, while sectors like agriculture stagnated
Industry was only a tiny part of the total economy in the early 1800s too
@Leo (BillNyeLand) Industrial production is just production of goods and services.
But it's not just right wing or left wing
It's more about the mentality
Of course you're going to succeed if you're smarter etc, infact anyone can work hard and succeed
it's just purely choice 99% of the time
Plenty of it is genetics
Equal opportunity is the foundation of a free, fair, and prosperous economy
america is a mediocre place for mobility among developed countries
(only the y axis is relevant to what I said)
Who do you guys think will win the 2020 election, and why?
I can’t tell yet
Probably Trump, too much split voting in the Dem Party, Bernie, Biden, and lots of women compared to just one in 2016, I understand most people vote for the nominee but I'm expecting some write ins.
Don't understand why there's so many Dems running,
You could say the same about Repubs in 2016
But look where that got us
Nobody stood out there though
And there was one lady Carly Fiorina
Now we have several women and several high status men
Plus Howard Schultz running would probably help
Schultz would severiously dent the political landscape
Do you think it would help GOP win or DEM?
It would definitely hurt the Dems but there’s a chance that if Trump makes a fool of himself that he could snag moderate Repubs too
The only problem is that everybody hates him 😂
Remember that time Congress had a televized lottery for the Vietnam draft?
The US had a ~13% casualty rate.
Let's have a televized lottery for every Congressman's name. 11 names drawn to die, 60 to be wounded
How about no
Congresspeople aren’t the cause of the problem, it’s the system and the people the system represents
(actually, some of it is the congresspeople)
Why not set an example?
Actions have consequences.
I personally believe congressional salaries should be lowered
170k base? endorsements? donations? books? it's too much
not to mention benefits and the fact that their staff are paid separately from their salary
Maybe, yeah, plus the whole election process takes an insane amount of time and money which makes them inefficient
Why not just abolish congress?
There’s many other factors that determine this it’s not worth looking at
Such as intervention, mentality
In the us case I would say mentality and social factors
how is it calculated
wjat does it mean
intergeneration earnings are very elastic = bad ?
In a society with equal opportunity, a father's income would have no relation to that of his son (a correlation of 0). On the other hand, a country where jobs and income transition from one generation to the next would have a correlation of 1.
i think if it was 0 it would be bad, but if it's 1.0 it's also bad
probably being somewhere in the middle is good
you want to some degree have the success of the father to influence greater opportunities for the son, say, but you also want to give opportunities to other people
there's a balance between these two imo
at 0.0, intergenerational family business would cease to exist, and death/estate tax would be 100%, that is socialism
1.0 is obviously bad as well
I mean moving up classes here is irrelevant to the American dream
If almost every class can afford the dream
Then no point moving up
But what’s killed the American dream is socialism, the intervention by the state into the economy
The 2nd chart is economic freedom
They talked about how feminism needs socialism.
Is this Trump?
well it's missing the data for maryland because I physically saw trump here
do 90% of drugs come in through ports of entry
i remember when this line as repeated by NPR over and over
Anyone want to give me an election night example and I'll do a 270 map
What day was it?
sep 12 2016
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so a few months out from the election
Trump was in North Carolina that day
well the story was published on the 12th
I'm pretty sure he does 3 rallies a day back then
could've been published the day before or that too^
i was watching a video from lets talk elections recently
Let me guess Trump vs someone
Electoral result 260-278
Shall I do Bernie vs Trump?
I can't find Maryland on here
Trump did hold a rally in Maryland, but that was for the Republican nomination, not the actual election
right but when he visited on the 12th, that was after the primaries
But it says he wasn't there on the 12th
How do you feel about that electoral map?
well do you think that newspaper is lying then lol
the left leaning paper
I got it from a wikipedia article
Not a newspaper
anyone can edit wikipedia
True, but I don't see any signs of him being in Maryland on that day
Can you send a link?
Anon can you give me an election night scenario
Beto vs Trump
By the way, on the Trump vs Bernie map, I think Maine will go blue
States that might go red in 2020 are Minnesota, Colorado, Nevada, Virginia, New Hampshire
I see Colorado and Virginia as smaller chances
But Minnesota, Nevada and New Hampshire have the highest chances
New Hampshire does
Idk about Minnesota and Nevada
Trump lost Minnesota in a very small margin
Yes, but they are normally blue
Trump broke a large part of the Blue Wall in 2016
I'm just going to do them red or blue, no leaning, likely stuff
I don't think Trump will break a part of the Blue Wall again
Delaware actually favoured Trump quite well recently
Think it was only -3
270towin still says they are solid blue
It was last updated 5 days ago
Must've changed again
These are the states I think Trump is going to win in 2020 for sure
Florida for sure?
And this for Dems
Florida is 50-50
I think he's going to take that again
I think the next election will be massively influenced by the next recession
Because if that happens, what is Trump going to brag about?
If a recession happens before 2020
Trump 100% loss
I'll do Trump vs Beto BUT
The latest jobs report was pretty bad
A recession has happened
So it's a what if scenario
This would be worst case
O'Rourke being in Texas and a recession would make him win slightly
That will happen if the recession is horrible