When it comes to the oligarchs' new semiconductor subsidy scheme, the real cost in terms of economic distortions, lost welfare, and harm to competitors, is quite real and beyond the dollar amounts we see in the subsidy itself.
Biden’s tax increase plan does not make sense from a growth, revenue, or deficit perspective, and it does virtually nothing to address the real problem: ballooning spending on programs like Social Security.
Profit-seeking entrepreneurs move factors of production to their highest and most economical uses. Amtrak, on the other hand, is diverting useful factors of production from higher use values to lower-valued uses. To put it another way, Amtrak is destroying wealth.
It’s nice to know we all agree that taxes have nothing to do with civilization. They are for destroying with a side of discriminatory punishment.
Free market advocates long ago figured out that the monied classes of bankers and Wall Street operatives were exploiting the "little people" to prop up the fortunes of what is now the billionaire class. The scam is alive and well today.
Profit-seeking entrepreneurs move factors of production to their highest and most economical uses. Amtrak, on the other hand, is diverting useful factors of production from higher use values to lower-valued uses. To put it another way, Amtrak is destroying wealth.
Globalists know that so long as sovereign states have the ability to set their own tax rates, regimes are tempted to engage in “tax competition” in order to attract capital. The cure to this “problem” is a global minimum tax rate.
Free market advocates long ago figured out that the monied classes of bankers and Wall Street operatives were exploiting the "little people" to prop up the fortunes of what is now the billionaire class. The scam is alive and well today.
The Dems are still claiming that welfare spending withered away during the Trump years. But that's obvious nonsense, and Trump's megaspending slathered trillions of dollars on pretty much everything.
Not only could the state use the UBI as an instrument of social control; we have every reason to think those in charge of the state would exercise their power for bad motives.
