@profholden@DoodyDarren@Barnaby_Joyce PROBLEM: Taxing capital gains and current income is double taxation.
YOUR SOLUTION: Tax capital gains at a lower rate.
CORRECT SOLUTION: Stop taxing current income!
https://t.co/U16SiVJhys
@profholden@DoodyDarren@Barnaby_Joyce PROBLEM: Taxing capital gains and current income is double taxation.
YOUR SOLUTION: Tax capital gains at a lower rate.
CORRECT SOLUTION: Stop taxing current income!
https://t.co/U16SiVJhys
@elonmusk Powers that are "numerous and indefinite" should bother you regardless of which level of government has them. You don't make Big Government smaller just by turning it upside down.
https://t.co/aUkFC669K7
James Madison described the powers of the federal government as “few and defined” and those reserved to the states as “numerous and indefinite.”
We’ve been dangerously drifting from that understanding since the 1930s.
The drift has been most evident in areas now most fraught with waste, fraud, and abuse.
If we honored the Constitution’s limits on federal power, there’d be very little waste, fraud, and abuse in our national government.
Share if you’d like to see a “constitutional reset,” in which any government function that’s not obviously and necessarily federal under the Constitution would be returned “to the states respectively, or to the people,” as the Tenth Amendment specifies.
We're not losing our manufacturing because our "comparative advantage" lies elsewhere. We're losing our manufacturing because the Australian tax system protects foreign manufacturers against Australian competition.
https://t.co/U16SiVJhys
Some people say now is your last chance to get rich before all work disappears.
It’s not true.
We will all be rich.
And everything you have saved will have been a waste of time.
Your million-dollar house will be worth $10,000.
The price of everything will drop by 99%.
That means your universal high income (UHI) will be worth 100 times an average salary today.
Your savings will mean nothing, and we will all be rich.
@elonmusk Max Hirsch had the same insight in "Democracy versus Socialism" in 1901. But he was a Georgist so he doesn't get the credit.
https://t.co/O1laRtilLA
@elonmusk Max Hirsch had the same insight in "Democracy versus Socialism" in 1901. But he was a Georgist so he doesn't get the credit.
https://t.co/O1laRtilLA
Mises obliterated the entire socialist project in 1920 with one devastating insight: "Where there is no free market, there is no pricing mechanism; without a pricing mechanism, there is no economic calculation." The socialists spent the next century pretending this problem didn't exist while their economies collapsed around them.
And yet here we are, watching politicians promise they can "fix" healthcare, housing, and energy markets through central planning. They can't even calculate the cost of their own programs correctly — how exactly are they going to allocate resources across an entire economy?
Every Venezuelan breadline, every Soviet grain shortage, every Chinese famine was just Mises being proven right in the most brutal way possible. But sure, let's try democratic socialism this time. What could go wrong?
Because certain vested interests must have fast #population growth even if it means compromising the safety of our homes for generations to come:
https://t.co/kDdFF5QRCl
Alphonse Duleau's "Notice sur A. Fresnel"— nominated by Ivor Grattan-Guinness as "an important obituary"— is now available in English, with added references:
https://t.co/ZEjORWzKZF
1800 likes, 230 shares, and counting... and the cop in the picture has his right hand on the end of his left arm! That's how willing people are to spread fake news that is *obviously* fake. Imagine how willing they'd be if the fakery were *not* obvious.
https://t.co/c7mHSsfv8p
@davidpattersonx@GusevV1987 How are we going to pay the rent? If not, how are the people made redundant by AI going to acquire land so that they don't have to pay rent?
https://t.co/O3TG6rySKR