MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Socialism’

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NY taxpayers to pay $48,000 per Amazon HQ job

Posted by M. C. on November 13, 2018

Tennessee vs NY

New York needs more incentives because it is more expensive to do anything.

“The problem with socialism is that you eventually run out of other people’s money.”

― Margaret Thatcher

https://www.fox5ny.com/news/48k-per-amazon-hq-job

According to Amazon, the cost per job for New York taxpayers is $48,000, compared to $22,000 for Virginia and $13,000 for Tennessee.

Be seeing you

0e923-free-sign-797711

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EconomicPolicyJournal.com: A Call At Harvard For a Socialist Future

Posted by M. C. on October 4, 2018

It can be expensive turning your child into the next Marx.

http://www.economicpolicyjournal.com/2018/10/a-call-at-harvard-for-socialist-future.html#more

Henry N. Brooks ’19 writes in the Harvard Crimson:

I’ve been seeing signs outside Canaday, Sever, and the Science Center advertising a “socialist future,” and I have to say I’m not entirely opposed — provided we’re talking about the same socialism.

…
OOh my, they obviously don’t teach at Harvard that central planning is a problem in any sector or at any level, federal, state or local.

What this means is that Brooks does not get the fundamental problem with central planning is that it suffocates an economy at whichever level it is practiced.

Hayek’s observation of central planning as a fatal conceit does not stop at the federal level nor does it stop if it is based on “direct democracy.”

I wonder if he wants the internet centrally planned at the local level.

–RW

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California’s Jerry Brown Signs Law Requiring Women on Corporate Boards

Posted by M. C. on October 3, 2018

Definition of socialism 

1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

2a: a system of society or group living in which there is no private property

b: a system or condition of society in which the means of production are owned and controlled by the state

 

What group du jour is next?

https://www.breitbart.com/california/2018/10/02/californias-jerry-brown-signs-law-requiring-women-on-corporate-boards/

By Joel B. Pollak

California Governor Jerry Brown signed a bill Sunday that will require companies to meet quotas for the representation of women on corporate boards.

SB 826, authored by State Sen. Hannah-Beth Jackson (D-Santa Barbara), requires any “publicly held domestic or foreign corporation whose principal executive offices … are located in California” to place at least one female member on its board. By 2021, such corporations must have two female board members if they have five directors, and three if they have six.

Only a small percentage of corporations, however, have no female board members. The Wall Street Journal noted Monday: “Among firms in the Russell 3000 Index, which includes most public companies on major U.S. stock exchanges, 485, or 17%, had all-male boards in the second quarter.”…

Be seeing you

Maxine Waters

The face of socialism.

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Bernie Sanders Might Learn Something from Venezuela’s Minimum Wage Experiment | Mises Wire

Posted by M. C. on September 26, 2018

Socialism isn’t like the free market which progresses peacefully. Socialism requires a bureaucratic boot on the neck of business.

https://mises.org/wire/bernie-sanders-might-learn-something-venezuelas-minimum-wage-experiment

There are labor shortages all over the country. There are not enough truck drivers, plumbers, food waitresses, construction workers, and so on. The official unemployment rate is below 4 percent. It was just reported private sector wages popped 2.9 percent.

However, Bernie Sanders and other “progressive” candidates are endorsing the idea of a federal living wage. On his website, Bernie starts with,

Millions of Americans are working for totally inadequate wages. We must ensure that no full-time worker lives in poverty. The current federal minimum wage is starvation pay and must become a living wage. We must increase it to $15 an hour over the next several years.

His latest big idea is to

tax companies with 500 or more employees an amount equal to federal benefits received by their low-wage workers. The bill is designed to discourage large companies from paying their workers so little that they end up relying on federal benefits, such as food stamps, to make ends meet.

If Bernie were paying attention, there is a minimum wage experiment going on in real time in Venezuela right now. Sure, there’s some serious money printing going on there and plenty of socialist schemes to keep the shelves empty. However, the fact there’s nothing to buy hasn’t kept Venezuelan president Maduro from hiking that country’s minimum wage 24 times since 2013 when he took office.

The latest hike went into effect on September 17, and it was huuuge — 3,000 percent. Fabiola Zerpa writes forBloomberg,

7 million employees are guaranteed 1,800 bolivars a month — worth about $20 at the black-market rate. President Nicolas Maduro intended the mandate as political boost, but it’s having the opposite effect as companies, already hit by Venezuela’s epic economic contraction, tell workers they can’t afford to keep them.

No one should be stunned if employees are told to go home if the government by way of brute force increases pay by 30 times. Read the rest of this entry »

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EconomicPolicyJournal.com: Republicans’ Responsibility for Socialism’s Comeback

Posted by M. C. on September 18, 2018

http://www.economicpolicyjournal.com/2018/09/republicans-responsibility-for.html

By Ron Paul

According to a recent Reuters/Ipsos survey, 70 percent of Americans, including about 50 percent of Republicans, support Medicare for all, the latest incarnation of single-payer health care. Republican support for a health plan labeled “Medicare for all” is not surprising considering that Republican
politicians support Medicare and that one of their attacks on Obamacare was that it would harm the program. Furthermore, the biggest expansion of Medicare since its creation — the Part D prescription drug program — occurred under a conservative president working with a conservative Congress.

Conservative Republicans do propose reforming Medicare to reduce its costs, but their proposals are always framed as “saving Medicare,” and most reform plans increase spending. Few conservative Republicans would dare advocate allowing young people to opt out of paying Medicare taxes in exchange for agreeing to forgo Medicare benefits.

Many conservative Republicans favor other government interventions into health care, including many features of Obamacare. In fact, Obamacare’s individual mandate originated as a conservative proposal and was once championed by many leading Republicans. Many other Republicans simply lack the courage to repeal Obamacare, so they say they only want to repeal the “unpopular” parts of the law. It would not be surprising if we soon heard conservatives and Republican politicians talk about defending Obamacare from supporters of socialized medicine. Read the rest of this entry »

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EconomicPolicyJournal.com: The Holiday Oddly Called “Labor Day”

Posted by M. C. on September 3, 2018

Labor is a necessary part of the equation and yes, unions were started for a reason but…
What advances man beyond the stage of a land-labor existence is when capital and entrepreneurship are added to the equation especially when capitalists and entrepreneurs are allowed to operate freely in a complete laissez-faire environment.

In other words – It takes a village.

Just try not to think where the phrase came from.

http://www.economicpolicyjournal.com/2018/09/the-holiday-oddly-called-labor-day.html#more

By Robert Wenzel

You have to give it to socialists, lefties and interventionists in general, they are pretty slick when it comes to naming key elements of their movement.

Take for example the word socialism, what the hell exactly is social about socialism?

The Merriam-Webster Dictionary includes in its definition of social:

marked by or passed in pleasant companionship with friends or associates
—
living and breeding in more or less organized communities especially for the purposes of cooperation and mutual benefit

None of this has anything to do with socialism. Socialism is about authoritarianism. The control of some over others. It is not about mutual benefit. It is about required action determined by authorities, backed up by force—since it is so distant from mutual benefit. If it was about mutual benefit, coercion wouldn’t be involved.

Socialism is many things but it is not “pleasant companionship” if the way you desire to act is in conflict with socialist leaders’ demands.

Then, of course, there is the word, progressive, used by interventionists who favor putting limitations on free markets and the accompanying advances. It is in fact regressive.

This brings me to today’s holiday here in the United States and Canada, Labor Day, which was created by anti-labor group leaders, that is, union leaders… Read the rest of this entry »

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Gillum Wants 40% Corporate Tax Rate Hike

Posted by M. C. on August 29, 2018

Those free stuff crazy millennial socialists! I hope he does it. Maybe it will make Pennsylvania start to look good.

Corporations don’t pay taxes, they collect them.

Taxes = cost of doing business. Either the price goes up/sales goes down, dividends are less, employees are not hired/laid off or all the above.

Everyone loses. Where do these clowns think the money will come from?

“The problem with socialism is that you eventually run out of other people’s money.”

Margaret Thatcher
― Margaret Thatcher

https://www.atr.org/gillum-wants-40-corporate-tax-rate-hike

Posted by ATR

–Gillum tax hike would give Florida the highest corporate tax in the region–

Bernie Sanders-backed candidate Andrew Gillum has won the Democrat nomination for the governorship of Florida. Taxpayers beware: Gillum wants to impose a massive tax increase on Floridians, starting with a corporate tax rate hike of over 40 percent.

As reported by the Tampa Bay Times:

Gillum said if elected, he would increase Florida’s corporate tax rate to 7.75 percent, up from the current 5.5 percent.

That’s a 40.9% increase — a tax hike of over a billion dollars. Read the rest of this entry »

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Swamped in Inflation, Venezuela Will Cut Five Zeros from Currency

Posted by M. C. on August 17, 2018

Socialism or democratic socialism or is there a difference?

https://www.wral.com/swamped-in-inflation-venezuela-will-cut-five-zeros-from-currency/17774600/

By Nicholas Casey

MEDELLÍN, Colombia — Faced with nearly incomprehensible inflation — 32,714 percent as of Wednesday — Venezuelan officials thought they had a solution: They changed the color of the bank notes and increased their denomination. Then they said they would lop off three zeros. And when that didn’t seem enough, they announced they would cut off two more.

The tactics have left Venezuelans like Yosmar Nowak, the owner of a coffee shop in Caracas, convinced that there is no solution in sight and that the government cannot even bring down the price of a cup of coffee, an eye-watering 2 million bolivars.

“I imagine if we keep like this we’re going to have to do the same thing in December,” said Nowak, who has been forced to raise prices in her cafe at least 40 times this year.

Slashing zeros from Venezuela’s inflation-cursed currency, the bolivar, is the tent-pole of a set of economic changes by President Nicolás Maduro as he tries to right his country’s capsized economy. The five-digit inflation has earned Venezuela comparisons to the hyperinflation of Zimbabwe and Weimar Germany from the International Monetary Fund.

Be seeing you

Cortez

She hopes she won’t get a visit from Sean Penn.

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EconomicPolicyJournal.com: The Truth About Denmark and Socialism: What Bernie Sanders Doesn’t Understand About the Country

Posted by M. C. on August 17, 2018

So, Denmark first became rich, and then introduced the government programs that make up the welfare state. The huge increase in government spending has been accompanied by deep structural problems, which has made it necessary to reform the Danish economy and welfare state. It can hardly be claimed that introducing the welfare state made Denmark rich; rather it was the other way around. Denmark first became rich, and then the authorities began to redistribute some of the wealth

It’s that”redistribution thing“. $tealing from you to give to someone who (the government thinks) deserves it more..

http://www.economicpolicyjournal.com/2018/08/the-truth-about-denmark-and-socialism.html

By Otto Brøns-Petersen

…The first thing to recognize is that Denmark, like the other Nordic countries, has quite a free-market economy, apart from its welfare state transfers and high government consumption. The Nordic countries tend to get rather high rankings on global measures of economic freedom. Denmark is thus number 22 on the Fraser Institute’s Economic Freedom of the World (EFW) index and number 11 on the index published by the Heritage Foundation.1 Denmark ranks at number 3 on the World Bank’s Doing Business report, which assesses the ease of doing business around the world.2 Read the rest of this entry »

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Alexandria Ocasio-Cortez Was Predictable | Mises Wire

Posted by M. C. on July 24, 2018

https://mises.org/wire/alexandria-ocasio-cortez-was-predictable

Beyond the typical R vs. D analysis that continues to grab headlines, what is most troubling about Ocasio’s meteoric rise to political fame is her complete disregard for basic economics.

A brief look at her platform is enough to realize that the ideas of socialism are alive and well in American politics.

Her platform is centered on the following policy planks:

  • Medicare for all
  • Free public university
  • Universal jobs guarantee
  • Housing as a human right

The common denominator of all her proposals is the amount of faith placed in the State to conduct private affairs. Channeling the spirit of failed presidential candidate Bernie Sanders , Ocasio describes her program asdemocratic socialism . Read the rest of this entry »

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