The Bern Identity

Schiff weighs in on the Bern. He mentions all the places social ideas don't work, but conveniently doesn't mention how this system works in Nordic countries. He says it is a "wealth transfer payment". What is it now with all the corporate welfare?

Critical thinking is a scarce resource.

 
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nitro said:
Wall Street Wages Double in 25 Years as Everyone Else’s Languish

Five years after Occupy Wall Street protesters took over Zuccotti Park in downtown Manhattan, spawning a national discussion about the divide between America’s highest and lowest earners, the pay gap has only gotten wider. Now, even as bankers bemoan their declining bonuses and job prospects, it’s helping fuel the campaigns of Donald Trump and Bernie Sanders.

The spread is even more pronounced over the past 25 years. When adjusted for inflation, wages for investment bankers and securities-industry employees, including salary and bonuses, increased 117 percent from 1990 through 2014, according to U.S. Bureau of Labor Statistics data. Over the same period, wages for all other industries rose just 21 percent, to $51,029 in 2014, about one-fifth of the $264,357 that bankers and brokers earned that year....


http://www.bloomberg.com/politics/a...ouble-in-25-years-as-everyone-else-s-languish
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Why is it a surprise that after seven years of money printing, that people who deal in money are doing a lot better than people with degrees in gender studies?
 
AAAintheBeltway said:
LOL, Bernie and his acolytes are such deep thinkers?
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I believe Schiff is a critical thinker as far as I can tell. While many of his arguments against Bernie are things that I have wrestled with myself, in this case he is at best omitting key evidence in several areas. He is not interested in the truth, only in promoting his own argument. That is spinning and selling, lawyering in some circles. But critical thinking it is not.

It is an easy mistake to make as removing yourself from your [possibly incorrect] beliefs that you have held all your life and have mostly led you in the right direction and possibly even have made you rich, is nearly impossible to do. Economics is about a population of people, not a select few.

You can believe in a bankrupt idea in economics as long as the systems supports it - at least in the short run. Marx said Capitalism would eventually implode of its own weight. Instead communism has imploded on its own weight. But there are signs that Capitalism is coming apart at the seams. That does not mean that the middle between the two, Socialism that incorporates the best of a Capitalist Democratic society, isn't a closer approximation that is more humane and can work.

Most of us are not Spock.
 
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Why is the wealth distribution in Denmark so unequal when its income equality is among the highest in the world?
Wikipedia's List of countries by distribution of wealth shows Denmark as in the same league as USA and Zimbabwe when sorted by Wealth Gini.
https://www.quora.com/Why-is-the-we...me-equality-is-among-the-highest-in-the-world

The Bernie supporters who have this delusion of being "critical thinkers" are really just a bunch of commies who want nothing more than to control other people's lives, and spreading propaganda is the chief means of doing so.

There will always be a wealth gap and the commies just want to make sure that the "right" people are the ones with the wealth. iow, THEM

They and their cronies will steal all the wealth and those who actually earn it by reason of the free market will have it stolen from them. All in the name of 'fairness'.

Printing money and high tax rates are the means to this end.
They will always find some way to exclude themselves from the high taxes, like Soros.
When they print money, it devalues the money and reduces interest income of everyone in the middle class, while at the same time supplying free money to the poor and asset appreciation to the rich. The poor and the rich. Democrat constituencies. What a coincidence!

What you end up with their policies is a method to enrich the cronies and to get the poor to go along with it by handing out free money to them.
And everyone in the middle, who works for a living and tries to save a little money, has it stolen from them by sjw.

I'd really like for someone who fancies themselves as having critical thinking skills to try and undermine the points i've just made. Just try, morons.
 
I predict in a few years the supposedly successful Nordic socialism will have run smack into Milton Friedman's observation that you cannot have both a welfare state and open borders.
 
AAAintheBeltway said:
I predict in a few years the supposedly successful Nordic socialism will have run smack into Milton Friedman's observation that you cannot have both a welfare state and open borders.
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I agree that some, even humane ideals, are often in opposition to each other when abused by people to "game the system". No question that having both unlimited open doors for anyone to enter any country, even without the capital cost of a socialist state, just seems wrong to me and is probably unsustainable in any measure of a "long term". You have no argument from me here.

But people twist these arguments horribly. There must be a system that is tractable that removes the abuses, and is workable, imo. Maybe what I am missing is that this Socialist ideal only works on "smallish" populations, but at some point it stops working.

I don't know. But our current system I do know, does not work. I have said before, I don't care how much money any one makes. Make lots of money. Get rich. Don't change that about the US. What I do care is, there has to be some minimal existence guaranteed by the state, that allows people to exist in decency without stigma. Tiny house, clean running water and heat. Affordable health care, and in an ideal world, free public education through an undergraduate degree.

The abusers that have ten kids and want to never work a day in their life, there has to be some way to stop it.
 
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