"We're wasting all this energy, time, technology and thought going somewhere where there's nothing alive."
Guardian columnist Zoe Williams criticises the Artemis II moon mission in a discussion w/ @NathanOgunniyi and @SkyGillian on The Wrap.
https://t.co/PAiZ4D1jU3 📺 Sky 501
why not just raise income tax rates?
because your real intent is not to just “provide healthcare”.
you’re masking that you are proposing the creation of, for the first time in the 250 years of this American republic, an organized government seizure of private property from citizens.
you’re calling it a “wealth tax” or a “billionaires tax” or “millionaires tax” or whatever nom du jour polls well. but at the end of the day, it’s the seizure of private property from citizens by the government. citizens that earned money, paid their fair taxes on those earnings (53% if they live in California) and are now being told they need to hand over after-tax assets because the government has failed to provide promised services with the revenue it’s collected, and are now re-casting their own failure to be a socio-economic inequity that must be justly resolved... a slippery slope that has never gone anywhere good (see economic effects in USSR, Cuba, Venezuela, France and Norway wealth tax etc.)
the American founders fled tyranny in Europe and this amazing nation was populated by immigrants (myself and your parents) from around the world not just looking for a “better life” but for a place where they could have freedom from tyrannical governments that can take what they want from private citizens. a great nation borne of property rights, the rule of law, and endowed freedoms to believe, speak, or act. these principles led to the greatest run of innovations, successes, and widespread increase in prosperity, for all citizens, ever seen.
the citizens, the individuals, not the institutions, delivered this progress. those who invented, who toiled, who bled, who sacrificed, who took risk and persevered, who led, and who changed the world, are not charlatans, kleptocrats, or oligarchs. they’re what made us all better off. prosperity is a measure of america’s success, not its failure.
it is your principle that is so offensive, as evidenced by the broad disdain for your flippant flirtation with the darkest of human fantasy - socialism. you and other neo-socialists have led so many of us to reflect on America’s history and what it is becoming. that now leads so many to consider, so unnecessarily, leaving their homes for a place where everyone stands up to shout down the principle you suggest. because if your ideas are now considered moderate, it’s clear this titanic is sinking.
that a “simple tax” of taking assets that have been earned, through toil and tribulation, rightly taxed, and preserved, should now be unjustly seized, is your solution to a problem of obvious government mismanagement and outright fraud, tells us that your true motivation lies not in giving people healthcare but in cutting down success and deleting the system of prosperity and opportunity for all.
i don’t care, and neither should anyone else, what the sum total market value of a private citizens private assets might be. it is none of my business and should be none of yours. because, again, once you open that pandora’s box, we might as well study Lord of the Flies … there is literally nothing stopping 51% of citizens demanding that their government go out and seize 100% of the private property of the 49%.
want to give healthcare to people in need? do your job and fix healthcare. make it affordable. want to be lazy about it? then do your job lazily and raise income taxes.
want to take private property from private citizens who have paid their fair share of taxes and legally earned their property, then honestly declare that it is envy, not inequity, that you strive to resolve…
@iputGintheGame@JarochSuzanne@EricLDaugh You do have the choice. But the choice to not vaccinate your children comes with the consequence of not having access to public education. If you wish to participate in public services then you have to abide by certain rules. Just like you can’t drive on the left side of the road
@NathanLaska @The0xReport @cafreiman People are both workers and consumers. From the worker’s point of view they are working less hours than ever before. From the consumer’s they have endless choices of how they spend their money. The system has flaws but surely this is better for people than the alternative no?
Things that don’t need improving:
Guinness
Alice In Chains
Lynyrd Skynyrd
Shower Beer
Boat Beer
Ski Lodge Beer
Dive Bars
Football on a brisk fall day
Lord of the Rings
Sapporo Classic
Creed
Reminder: Profit is a good thing.
This should be an obvious statement. But, since our youngest and most educated citizens keep voting for people like Zohran Mamdani and AOC, apparently it needs to be reiterated.
Profit is a good thing. It is critical for a progressive, flourishing society, and the ethical pursuit of it should be celebrated, not criticized.
What is profit?
Profit represents the financial gain that accrues to owners of a business when total revenue exceeds total costs. Put simply, it’s how much business owners get to keep when they’re able to sell things for more than it costs to create them.
Socialists commonly denigrate profit as “exploitative” or “parasitical”; if they’re trying to sound fancy, they’ll say things like “the surplus value of labor that the bourgeoisie capitalist class has extracted from the working class.”
They are wrong.
Profit serves two extremely valuable—and irreplaceable—roles in society, even for people who don’t own businesses:
1. Profit rewards risk and incentivizes growth. All economic ventures that create value for the wide range of stakeholders in our society—from financial parties, such as investors and lenders, to customers, suppliers, employees, governments, and community organizations—have financial outcomes that are inherently uncertain. This uncertainty is called risk, and, in varying levels, it is inherent to any project without a guaranteed and instantaneous payout.
Without profit, there would be no incentive for companies and their shareholders to assume these risks. Without profit, there would be no capital investments (e.g., equipment purchases, new factories), innovation (e.g., new technologies, pharmaceutical R&D), or entrepreneurship. Without profit, there would be new jobs created, no new restaurants to enjoy, no tax revenue to fund government benefits, national defense, public education, municipal parks.
Profit is the mechanism that makes progress possible, for business owners and employees alike.
2. Profit sends a signal to the rest of the economy that a certain product or service is valuable, and that someone should make the investments necessary to supply more of it. Economists refer to this as a price signal, and it’s virtually impossible to replicate outside of profit creation in a market-based economy.
When auto manufacturers are able to sell cars profitably, it sends a signal to the market for competitors to produce more of them (whether through greater capacity utilization at existing facilities or by constructing new factories). This leads to more cars being produced and sold, lower prices for customers, greater labor demand, and, over time, stronger wages for employees.
The same applies to plumbing companies, iron ore mining, wheat production, new medications, video games, coffee shops, and every last job in the labor market. Profit provides the signal that subtly directs every economic decision across our complex, wonderful, multifaceted society.
It sounds simple, right? But there are millions of variables here across millions of economic participants, all of them changing continuously. What looks seamless in a market-based economy becomes impossible to model in a centrally planned one. It’s laughable to even try.
Our modern-day capitalist society is nothing short of a miracle. It may not be perfect, but it’s vastly superior to any other economic system ever attempted or imagined.
Profit is a foundational pillar of that system, and it deserves respect as such. Keep that in mind next time you’re at work, checking out at the grocery store, or filling out your ballot in a voting booth.
NEW: Vandy QB Diego Pavia eviscerates the Big Ten:
“You want to play with the best – you don’t want to play with the Big Ten. … You ignore those calls.
...the SEC, it’s like week after week. You’re going to get beat on. The Big Ten, you’re not gonna get beat on with the Purdue, Nebraskas.”
(via @BussinWTB)
https://t.co/VG8AkCyfLT
Yo @GLarson34 tell me why you have parents of guys on your team coming up to me apologizing that we have to deal with you every year? And why at first base half your team tells me they hate playing for you? Makes me wonder who’s classless? Don’t forget you’re 0-9 against me. 🤡
Another preview of our first podcast which is out now! On this episode we talk at large bids, Great Lakes regional predictions, and an Interview with Indiana club baseballs own Garrett Larson! https://t.co/5GfMSLMzDV