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Old 01-18-2019, 09:20 AM   #1
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All Your Money Are Belong to Us

The Cato Institute
14 hrs ·
In his State of the City Address, New York mayor Bill de Blasio laid out his governing philosophy succinctly: "There’s plenty of money in the world...It’s just in the wrong hands!"

The money, of course, is in the hands of those who earned it. In de Blasio’s view, people who earn too much are “the wrong hands.”

https://www.cato.org/blog/all-money-are-belong-us

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In his State of the City Address, New York mayor Bill de Blasio laid out his governing philosophy succinctly:

Here’s the truth, brothers and sisters, there’s plenty of money in the world. Plenty of money in this city. It’s just in the wrong hands!

The money, of course, is in the hands of those who earned it. In de Blasio’s view, people who earn too much are “the wrong hands.”

In the speech itself and in an interview with Jake Tapper on CNN’s “State of the Union,” he elaborated: the wealthy have too much money because they aren’t taxed enough.

There are whole books on the correct theory of taxation. De Blasio, like many politicians, seems operate on the theory most clearly enunciated in 1990 by Sen. Barbara Mikulski (D, Md.):

Let’s go and get it from those who’ve got it.

There are many theories of taxation, such as Haig-Simons, the Tiebout model, and the Ramsay Principle. But I’d bet that the Mikulski Principle explains actual taxation best. And as “progressives” are feeling their oats, we can expect more politicians and pundits to be asking, “Who’s got the money? Let’s go get it.”
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Old 01-18-2019, 09:34 AM   #2
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Matthew 13:12
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For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from from him shall be taken away even that he hath.
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Old 01-18-2019, 09:46 AM   #3
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Matthew 13:12
Heh. I believe it was Nikita Khrushchev that said he didn't understand America's hatred of communism as it carries with it the the basic principles of the bible.
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Old 01-18-2019, 10:06 AM   #4
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It's New York.
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Dude, Baron has been a valued member of this forum for quite some time.
Peace, Prosperity, Liberty, Human Rights, Natural Rights, Civil Rights, Property Rights, Sound Money, Free Markets, Sovereignty, the Constitution, the Republic.

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Old 01-18-2019, 10:08 AM   #5
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Heh. I believe it was Nikita Khrushchev that said he didn't understand America's hatred of communism as it carries with it the the basic principles of the bible.
Jesus, might have been a commie, but Matthew was 100% capitalist. The passage I quoted you is the basis for the Matthew Principle. An observation that left unchecked, all the resources will accumulate at the very tip top of the hierarchy.

Which can be problematic, since very high degrees of relative wealth inequality (oftened exressed as the gini coefficient) are about the best predictor of crime we have.

So, the natural way of things is that eventually all the resources will end up being held by a half dozen Jeff Bezos characters and eventually everyone else will rise up as one and slay them.

However, that is not to say that wealth inequality is prima facie bad. Some degree is good as it motivates those without to work harder to move up the ladder. But there becomes a point where that becomes impossible. When peaceful change becomes impossible, violent change becomes inevitable.

Which leaves us with two options. Figure out a way to explain to the peasants why it's good they have nothing, (Religion used to do this) or figure out a way to prevent the distribution from getting too out of hand.
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Old 01-18-2019, 10:17 AM   #6
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Originally Posted by Jaric View Post
Jesus, might have been a commie, but Matthew was 100% capitalist. The passage I quoted you is the basis for the Matthew Principle. An observation that left unchecked, all the resources will accumulate at the very tip top of the hierarchy.

Which can be problematic, since very high degrees of relative wealth inequality (oftened exressed as the gini coefficient) are about the best predictor of crime we have.

So, the natural way of things is that eventually all the resources will end up being held by a half dozen Jeff Bezos characters and eventually everyone else will rise up as one and slay them.

However, that is not to say that wealth inequality is prima facie bad. Some degree is good as it motivates those without to work harder to move up the ladder. But there becomes a point where that becomes impossible. When peaceful change becomes impossible, violent change becomes inevitable.

Which leaves us with two options. Figure out a way to explain to the peasants why it's good they have nothing, (Religion used to do this) or figure out a way to prevent the distribution from getting too out of hand.
2 words (or 3, I'm so confused: ) Laissez-Faire Capitalism.
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Old 01-18-2019, 10:47 AM   #7
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2 words (or 3, I'm so confused: ) Laissez-Faire Capitalism.
I swear you Randians replaced "God" with "The market".
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Old 01-18-2019, 10:58 AM   #8
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I swear you Randians replaced "God" with "The market".
No. That would be libertarians who divorce economics from the deeper philosophical principles giving rise to the support of free markets. That is their God. And leads to such buffoonery as anarcho-capitalism.

A "Randian" as you call them would say their God (if they would even speak in those terms) is the metaphysical: objective reality, epistemology: reason, ethics: rational self interest. These lead one to a proper understanding and defense of free markets.
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Old 01-18-2019, 10:58 AM   #9
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Matthew 13:12
now you quote the bible!!!
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Old 01-18-2019, 10:59 AM   #10
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now you quote the bible!!!
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Old 01-18-2019, 11:02 AM   #11
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No. That would be libertarians who divorce economics from the deeper philosophical principles giving rise to the support of free markets. That is their God. And leads to such buffoonery as anarcho-capitalism.
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Old 01-18-2019, 11:04 AM   #12
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now you quote the bible!!!
I quote the Bible more often than the Christians here. (Because I've actually read it)
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Old 01-18-2019, 11:06 AM   #13
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I quote the Bible more often than the Christians here. (Because I've actually read it)
Are there Christians on here? I think most have been silenced by all the hate.

I bought the bible flip book, crazy story since I am left handed and flip the pages backwards.
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Old 01-18-2019, 11:07 AM   #14
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:lol:
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Old 01-18-2019, 11:08 AM   #15
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Are there Christians on here? I think most have been silenced by all the hate.
We lost most of them during the ongoing War on Christmas™
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