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Comment Live by the media hype die by the media hype. (Score 5, Insightful) 268

So Elon's panties are all up in a bunch over supposedly overblown negative media coverage?

How about all the overblown positive media coverage he's been lapping up for years while running an unprofitable business that caters to wealthy customers getting taxpayer funded bonuses to buy his cars?

Isn't it fair that all of that media coverage should be withdrawn too?

Comment Re:A UBI can actually foster more jobs (Score 1) 890

Comment Re:Holy flamebait batman! (Score 1) 890

UBI is a modern version of Communism and as all such schemes it will end up in destruction, misery, murder and poverty.

The countries that are 'half way there' are also either getting out of it or they are going towards self destruction, all forms of collectivism end up in economic destruction, some take longer some get there quicker.

Comment Re:Holy flamebait batman! (Score 1) 890

The only thing that has no basis in reality is the idea that UBI will lead to prosperity instead of economic destruction. I explain that UBI is a modern version of Communism and as with all forms of collectivism this one too, will eat itself and the people will end up miserable, oppressed, some will be dead and everybody will be poor.

Comment Re:Ellen Pao (Score 1) 619

Who pays the debts? USA pays the debts? First of all there is no law requiring that USA pays all debts. Secondly USA does not pay any debts, it prints money and buys Treasuries off of the market through the Fed, it does not pay debts, it returns paper that is being devalued with each newly printed (or electronically created) note. Returning paper that is devalued is the opposite of 'paying debts'. USA should pay debts though but it is impossible because USA debts are completely unpayable by the USA economy and can never be paid. Thus USA debts will be defaulted as they were *multiple times*, one very obvious time was when Nixon defaulted on the gold payable by the Fed for US dollars held by foreign governments. This happened in 1971. If you don't understand that USA doesn't pay debts at all that's not my problem, that's your public government education fault.

Defaulting on the unpayable debts in an honest fashion through restructuring and some form of a reduced payment program would be preferable for the USA economy to the collapse based on inflation (money printing) that US government is choosing to go with.

User Journal

Journal Journal: UBI is the modern version of Communism 1

In the last year or so there have been numerous stories on /. on the subject of Universal Basic Income (UBI). Many so called 'libertarians' left a number of comments on how they are supporting UBI because they think it might be more efficient than other forms of welfare.

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I'm always looking for a new idea that will be more productive than its cost. -- David Rockefeller