Mike Mcginley

#Bitcoin, Beef, BJJ, and the occasional practice of law

[Mike Mcginley @blockcounsel]

@svild44 @KarlaDavis58361 @glennbeck Enlighten us!

[Mike Mcginley @blockcounsel]

In what sense is it yours more than anyone else's who was born in this country? You still have one vote. You're treated no differently in the eyes of the law. You have no greater claim to it than I do.

And your genealogy still has no bearing on how your individual decisions, beliefs etc. represent the aggregate decisions and beliefs of 330 million individuals.

[Mike Mcginley @blockcounsel]

@patroit934 @Now_I_get_it @glennbeck Lol yes. Everyone who disagrees with you politically is a traitor. Dumbass.

[Mike Mcginley @blockcounsel]

@h0p1t4s @LawrenceLepard @ronin21btc He’s Russian?

[Mike Mcginley @blockcounsel]

@ByRoyalFire @glennbeck Did someone ask about truth? I asked about scrutiny.

Also, when do you assign individual traits or decisions to the collective? “Christian nation” “American moral conscience”? Majority? Do you poll?

[Mike Mcginley @blockcounsel]

@GypsyDenin @glennbeck What kind?

[Mike Mcginley @blockcounsel]

@Now_I_get_it @glennbeck Bc you don’t like it?

Btw, the woke left would like their talking points back.

[Mike Mcginley @blockcounsel]

@ByRoyalFire @glennbeck Of what scrutiny do you approve?

[Mike Mcginley @blockcounsel]

@Ledgeker @glennbeck Luckily no one under 60 takes Beck seriously anymore, if they ever did.

[Mike Mcginley @blockcounsel]

@ilovethblues @AdamMiller615 @Ukrainosaurus @glennbeck I think "commie" is bad faith. Saying something has communist tendencies or is aligned with communist economic ideology isn't necessarily bad faith.

[Mike Mcginley @blockcounsel]

Honestly, my guess is that most people calling you a "commie" (vs communist) are just using it as an insult and arent interested in making a coherent argument against it, or they just can't. I try not to use it bc it's not particularly helpful in a convo. Plus, why should I go through the trouble of couching my insults in economic terms lol.

Oh, and you might suggest export controls, given that the US is a net exporter of oil. A purist like me would still oppose it, but it's probably more palatable with the Glenn Beck crowd.

[Mike Mcginley @blockcounsel]

@AdamMiller615 @Ukrainosaurus @glennbeck And of those who do have a prob with a fully centrally planned military, precisely 0% of them will be able to argue why or posit an adequate alternative in the span of an X post. And I include myself in that lol.

[Mike Mcginley @blockcounsel]

And I think what you're saying is that certain goods/services are too important to be left to the market, and that there's a place for govt intervention in very particular areas. Of those that who call you a "commie" for saying that, my guess is that 999/1000 have no issue with the same top to bottom central planning of the military. I think pointing out that area of ideological inconsistency among most of them is your strongest counter.

[Mike Mcginley @blockcounsel]

@AdamMiller615 @Ukrainosaurus @glennbeck Imo, right now we have the worst of both worlds. It's def not free market, and it's not quite fully planned. We have waiting lines - which happen in a centrally planned industry - AND we also can go bankrupt. It's terrible, I agree.

[Mike Mcginley @blockcounsel]

I mean, there are no price controls on ag products. Govt subsidizes certain products, but it also already does that with oil. There are degrees of intervention. The greater the intervention, the more it's ideologically aligned with "communism" (I'm not using it as a pejorative here) vs the free market. Price controls are definitely more drastic than a subsidy.

[Mike Mcginley @blockcounsel]

The healthcare system is absolutely more centrally planned (if that's more palatable that communist) and less of a free market than it was 50 years ago. It's not "suddenly" centrally planned, but each incremental change - like the one you're suggesting - moves it in that direction.

[Mike Mcginley @blockcounsel]

It's not an "on/off" switch. These are capital intensive industries. Certain oil fields are profitable at $70/barrel, others becomes profitable at 80, 90, 100 and so on. But the price of oil is the signal - the information - that capital intensive producers rely on to make those decisions.

Are new projects now suddenly profitable at 100 that weren't at 60, for sure. But you can't suddenly remove 20-30% of worldwide supply of anything and expect price not to react to a dramatic change like that, in oil or anything else.

[Mike Mcginley @blockcounsel]

Hospitals, and healthcare in general, are great examples of what happens when the govt steps in and distorts price signals in the market. It's a disaster of rising costs, decreased quality and shortages.

I'm sure you're not a "commie" but the endgame of what you're describing is communism, even if it's only a slow creep, one industry at at time.

[Mike Mcginley @blockcounsel]

Yes. Bc charging that much would prompt other companies to go into the insulin market to undercut that producer down to marginally above the cost of tproduction. This is literally how the entire free market works for innumerable goods.

Perhaps your issue with insulin, specifically, is that government intervention has limited the ability of a company to enter the insulin market via intellectual property, regulatory burden etc