Arrow Insecurities

Monetary Production Economy Enjoyer | Game and Choice Theory Curious | Lifelong Democrat | Servant of Wickedness

[Arrow Insecurities @PureThe0ry]

@lildrkiro @TeeVeeInspector Karsh

[Arrow Insecurities @PureThe0ry]

@LouisWordGenius A wealth tax is a levy on the current dollar valuation of those things. Defend direct expropriation if you want (again good luck with that) but wealth taxes are not the same

[Arrow Insecurities @PureThe0ry]

@doxa_ty @debordrebirthed Oh but neoclassical is a bad word, very dirty word it’s an insult

[Arrow Insecurities @PureThe0ry]

This dumbass quote man

[Fred @uncleFredsTweet]

@RelearningEcon Supply and demand regulate nothing but the temporary fluctuations of market prices. They will explain to you why the market price of a commodity rises above or sinks below its value, but they can never account for the value itself.

Source: "Value, Price and Profit"

Karl Marx

[Arrow Insecurities @PureThe0ry]

@debordrebirthed @doxa_ty What’s the difference between quantity supplied (demanded) and supply (demand)?

[Arrow Insecurities @PureThe0ry]

@debordrebirthed a) labor value is only calculable via the same physical data (technology and the real wage) which itself can solve for prices and the profit rate in a system of simultaneous equations. They “exist” in that sense but are redundant
b) it’s not. You can act like it is but it’s not

[Arrow Insecurities @PureThe0ry]

@doxa_ty @debordrebirthed “Maximizing utility is… fetishism”
These guys m: “wow”

[Arrow Insecurities @PureThe0ry]

@LouisWordGenius Why not raise capital gains rates, or top marginal income brackets? Labor and capital have corresponding income flows, we already tax both, but why why commit to the valuation and administrative difficulties of taxing a stock of NW? That’s not to mention the intertemporal effects

[Arrow Insecurities @PureThe0ry]

@quentin_kemna @drumm_colin @PrinceVogel Powerful

[Arrow Insecurities @PureThe0ry]

I have a lefty streak it’s no secret, but I find the idea of a wealth tax to range from destructive to pointless to administratively impossible. Anyone willing to change my mind?

[Arrow Insecurities @PureThe0ry]

@quentin_kemna @drumm_colin @PrinceVogel If they SAVE all of it and don’t SPEND on campaign contributions or lobbying then yes. Do you understand now?

[Arrow Insecurities @PureThe0ry]

@quentin_kemna @drumm_colin @PrinceVogel Tell me what saving vs spending is please

[Arrow Insecurities @PureThe0ry]

@PrinceVogel @drumm_colin You have to spend on all those things though? Seems completely separate from the buy borrow die problem, Colin seems to have recognized this as I am now blocked

[Arrow Insecurities @PureThe0ry]

@PrinceVogel @drumm_colin Or simply tax the expenditures made with the loan proceeds. But nobody wants to tax consumption :((

[Arrow Insecurities @PureThe0ry]

@lildrkiro @TeeVeeInspector I wouldn’t say that, who is a serious scholar to your mind?

[Arrow Insecurities @PureThe0ry]

@Slide2theleft_ @beverlymantle1 “Good riddance to them, which is why we need to tax their wealth”

[Arrow Insecurities @PureThe0ry]

@beverlymantle1 The stars will finally be colonized to build new tax havens in the Piketty/Gary’s economics imperium, inshallah

[Arrow Insecurities @PureThe0ry]

@User28473747581 I like welfare states and republican freedom and the like

[Arrow Insecurities @PureThe0ry]

@MakeUSAVAT @jeffspross They also need to get it straight whether they want upzoning to build said public housing, or if it’s all a giveaway to developers