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Comment A, B, P (Score 1) 20

The problem with Karl Marx, as with most economists of any stripe, is they are incredibly short sighted, and cannot see beyond the present generation very easily.

Thus B replaced A (Aristocrats) by revolution and good business sense, just a generation or three before Karl lived. So he expected P would replace B eventually (because that's what progress means). He failed to take into account original sin, thus B & P really aren't that much better than A, the feudal lords they replaced.

Comment Re:Who doesn't (Score 1) 11

Ron Wyden I see as giving in quite quickly. He ran on the idea of being a Hatfield type conservative, bucking the party that endorsed him, and then morphed into yet another party hack after he was elected, paying back those who pay for his campaigns.

Same with Rand Paul, he's just got a different set of donors than most Republicans, which can appear to be solid beliefs when they really aren't.

The flip side of corporate political campaigns, is that good businessmen don't spend money without a significant return on investment, for anything.

Comment Re:I blame racism (Score 1) 4

except Natalie, of Natalie's Cakes N More bakery, is African American.

I notice that a bunch of rich white conservatives though got together to support her:
http://www.gofundme.com/NataliesCakesnMore

The only thing faster than the rioting, is this GoFundMe account, in which she's not only got back the $20,000 needed to rebuild her bakery, but a good year's salary in the bank besides.

Comment Who doesn't (Score 1) 11

I don't need to know so much who's supporting a candidate, because that only matters if I already know that they don't have solid beliefs themselves and are primarily just doing what their supporters want.
 
What politician has solid beliefs?

Comment Re:This is the voice of world control. (Score 1) 106

Love it, but a nuclear warhead going off in a silo, especially where the United States and the old Soviet Union put most silos, is a meh.

It'll do a lot of damage to the silo. It will kill the people in the silo. It *might* poison the groundwater for a couple of miles radius. But that's it.

Comment Re:I both agree and disagree (Score 1) 20

What I'm pointing out is that under any given fiat currency system, funding the state is only half the equation of what taxes should be.

The other half is preventing inflation.

The reason why the infamous-among-Austrian-Economists Worgl miracle occurred, before the central banks shut it down, was because it was not only an experiment in locally controlled currency, but also locally controlled taxes. The Certified Compensation Bills used as local currency had an automatic 10%/month tax on them, sucking them back into government as quickly as government was printing them. This discouraged savings, and stimulated economic velocity, avoiding inflation.

Comment I both agree and disagree (Score 1) 20

I believe he is referring to the governmental power that *issued the currency*. In his day, Roman politicians would often issue currency with their picture on it. Without mass media, it was the way that they could get their picture out among the people.

Tax farming was specifically to soak up all this fiat currency, so that it wouldn't cause major issues.

Likewise today, the FED issues the currency. They own it and lend it to you specifically for the payment of debt, public and private. For this service, they charge a fee. Actually, they charge a couple. The first is the interest when they lend reserve banks the money. The second, is the license fee to the issuing governmental agency, also known as income tax.

I submit that income tax, IF it was done properly, would play much the same role as tax farming- sucking up excess currency to prevent inflation. It isn't done properly of course.

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