Charles: The government is telling citizens to tighten their belts, yet government officials are loosening theirs. Why is that?
Bayo Onanuga: That is not true. Can you believe that some ministers are actually using their own personal money to run their offices?
Charles: Why would they use their own money to run their offices if the government claims there is more money? Why aren’t they getting their budgets then?
This is the framing of a collectivist. The honest framing is the opposite: never in human history has so much wealth been produced and held by so many. The poorest American today commands comforts no king could buy a century ago. That is the achievement Sanders calls a crisis.
And notice the word he smuggles in beside wealth: "power." There is no power over men in a fortune. The men he names cannot tax you, jail you, or force you to do anything. Their only power is to offer you a product and try to persuade you to buy it. You are free to say no.
Real power over other men is the power to compel, and that lives in exactly one place: the government office Sanders has occupied for decades. He is describing the producer's freedom and calling it tyranny, while holding the one weapon that is actual force.
The inequality he hates is not wealth seized but wealth created. He resents that some men make more because they produce more. That is not the issue of our time. It is the oldest envy, walking around in an angry senator's suit.
@poiu477@DanFriedman81 That's nice. Irrelevant, but nice.
Any number of entrepreneurs *could* have done what Musk did, but none of them did. If they had, we would be defending them, too, against claims of "you didn't build that", levied by communists who have never built so much as a lemonade stand.
@poiu477 Tesla is the reason electric cars get 500 miles to the charge instead of 30 miles to the charge. When he first started building electric cars, the state of the art was a glorified golf cart.
Socialists do not perceive wealth as something that is produced; they see it as an independently-existing resource -- the pie-- and capitalism and socialism are simply systems for distributing the resource.
Their argument is simple: The pie should have been for everybody, but Elon Musk took it all.
But would the pie still be there for everyone else to share if, as in the first picture, there was no Elon Musk? This is an easy thing to answer, because Elon made his money by entering a mature industry -- auto manufacturing -- with many established legacy players around the world. They are the pie that would exist in Musk's absence.
Musk built an electric car that can replace internal combustion engines while they did not. He built a network of charging stations while they did not. And the reason he is the world's richest man is that the market now values Tesla more than the entire legacy auto industry combined, because his company has built this incredible sci-fi future tech while they're all stuck in the past.
He has a lot of pie because the pie did not exist before him and he invented pie.
Socialists cannot acknowledge this, because they do not believe an individual can be great. To them, we are all interchangeable units within a collective, and different outcomes can only arise from systemic unfairness since we are all the same.
The truth is, some people make pie and some people don't, and when society dictates that everyone should get the same amount of pie whether they make pie or not, people who could make pie generally don't bother because the state will confiscate it, and the state fails to develop the capacity to make enough pie for everyone in the absence of a private incentive, and there ends up not being enough pie to go around.
🚨Ronaldo decoy run…Bruno’s hand gesture to Mendes to wait before stepping up to the ball and pass.. 👀
We were inches away from witnessing two football geniuses combine for an unforgettable goal… 💪🔥
A clean example of mercantilism. Did the EIC create useful precedence for LLCs - absolutely. Was it capitalism as we know it today - not when a corporation required a royal warrant, was funded by the elite and was exactly the reason why the LLC Act was brought in to democratise this financial instrument.
Karl Marx wrote the communist manifesto 7 years before the creation of Limited Liability Companies.
Before then, if you wanted to set up a business you have to be seriously rich because anything the business did could impact your entire net worth. If your business got sued, you could lose your entire estate. Only the very rich had businesses and they ran their businesses like every decision could be financially catastrophic.
Then in 1855, the Limited Liabilities Companies Act was passed into British Law and the game changed.
Suddenly anyone could set up a business, raise investment and trade. There was separation between ownership and control.
This wasn’t lost on Karl Marx either. He wrote good things about this change. He was even a company director at one point.
Essentially, it means that under capitalism you can be a socialist if you want to.
A socialist can set up a company, give shares to all the workers, put workers on the board, pay executives the same as everyone else and if there’s any profit remaining they can freely donate it to the government.
There is absolutely nothing stopping any socialist from living according to these values under a capitalist system.
Nvidia is the most valuable company in the world and most of the employees own shares. Many are millionaires. In the UK, John Lewis and Waitrose are owned by their workers and are much loved successful businesses. Capitalism has no problem with workers owning the means of production.
Under capitalism, anyone with an idea can set up a company, pitch to investors and launch it. Starting with nothing, they can be a millionaire (on paper) within a month.
Socialists can lead by example; the fact that they almost never do this tells you a lot about socialists and human nature.
The same is not true under socialism. It is not possible for a capitalist to live according to their values. Under socialism, if I believe in small government, self-sufficiency, low regulations I must leave the country - if it’s even possible to do so. It’s not enough for a socialist to live their values, they need everyone to do it too.
For God's sake make una dead these takes.
1978 World Cup had just 16 teams.
If they didn't increase it to 24 teams in 1982, Nigeria would probably not have qualified in 1994.
Would anyone say we were undeserving because it was our first time?
By 1998, it was increased to 32 teams and now 48 teams, and we failed to qualify, lol, even with a lot more chances to do so.
The essence of the World Cup is to make more people around the world get and feel included.
Or maybe they have just left it at the 16 teams it usually was so that only South American and European countries would participate.
How much of a "World" Cup would it be then?
Yeah, because you defamed him by baselessly claiming he killed 4.5 million kids.
And then you refused to retract or apologize.
So yeah, suing you is on the table. No one is buying this victim act.
My dear sister Enny,
Calvary greetings to you.
First, I want to appreciate your beginning sentence. It is impossible to find an APC supporter who is knowledgeable enough to admit the maximum failure of Tinubu in national security.
Be it that the foremost and primary job of a President is to ensure security of life and property, the inability of Tinubu to guarantee his most basic constitutional duty should call for his resignation.
So I am thankful, you are also making that call.
On the Chagoury projects, I truly commend you for the simplicity of your mind.
But let me educate you:
Yes, $13 billion for a coastal road is ridiculous. How much is the road per km?
Also, how many Chagoury project passed through a bidding process, especially the Coastal Road which is Nigeria’s most expensive infrastructure project?
Today, contractors are protesting because they are yet to be paid but Tinubu paid all Chagoury projects including a $700million project, $13billion project, and $2million this year alone.
Contractors are being owed, Pensioners are being owed, healthcare workers are being owed, lecturers and teachers are being owed but Chief Tinubu had just enough money to pay Chagoury.
Patriotism is not defending every action of a government, patriotism is demanding better from those entrusted with power.
Tinubu has failed.
And just to note, it’s SERAH not Sarah
There’s a cute E in mine.
#TinubuTheFailure
This is not analysis. This is not journalism. This was a rant. The dude was fuming. He was too angry to even make sense. He was just saying things out of frustration
It's a shame these studios can't find people with decent ball knowledge and no bias to come on their shows. No wonder the ratings are plunging