I thought that the article was rather well thought through until reaching this:
What if the way to achieve the strongest possible economy is to give every citizen more money to spend? For example, what if we gave every citizen of the United States $25,000 to spend? $25,000 sounds impossible the first time you hear it, but consider the possibility.
Putting aside the laugability of the idea of a capitalist government giving each person a years worth of middle income wage for a moment - it would be great if
Exactly! Gov't HAS NO MONEY to give! Money is seized by the government from the citizens. If the government were to seize money and then redistribute it, that's called.. oh I dunno.. COMMUNISM. The fact is, capital is earned, not distributed.
As you noted, a government has no money of its own. The only way a gov can do ANYTHING is to seize and redistribute from the citizens.
Well, actually a government can own its own industry and thus generate its own wealth. The USSR did that. But that is arguably seizure, by seizing the marketplace.
The only government which never redistributes wealth does NOTHING; they call that anarchy.
You are right in a literal sense. But merely seizing money and spending it is not at the core of what is commonly ca
Almost insightful.. (Score:4, Insightful)
What if the way to achieve the strongest possible economy is to give every citizen more money to spend? For example, what if we gave every citizen of the United States $25,000 to spend? $25,000 sounds impossible the first time you hear it, but consider the possibility.
Putting aside the laugability of the idea of a capitalist government giving each person a years worth of middle income wage for a moment - it would be great if
Re:Almost insightful.. (Score:3, Insightful)
Re:Almost insightful.. (Score:5, Insightful)
ANY GOVERNMENT AT ALL.
As you noted, a government has no money of its own. The only way a gov can do ANYTHING is to seize and redistribute from the citizens.
The only government which never redistributes wealth does NOTHING; they call that anarchy.
Redistribution and largesse (Score:3, Interesting)
Well, actually a government can own its own industry and thus generate its own wealth. The USSR did that. But that is arguably seizure, by seizing the marketplace.
The only government which never redistributes wealth does NOTHING; they call that anarchy.
You are right in a literal sense. But merely seizing money and spending it is not at the core of what is commonly ca
Re:Redistribution and largesse (Score:3, Insightful)
> state of handing out tax rebates to citizens
> WHO HAVE NOT PAID FEDERAL INCOME TAXES!
I haven't heard of that, it would be interesting if true. Could you provide a reference?
Re:Redistribution and largesse (Score:4, Informative)
Re:Redistribution and largesse (Score:1)
Re:Redistribution and largesse (Score:1)
Personally, I think that if they're going to cut taxes, they should just raise the standard exemption.