“In other words say the government didn’t spend/lend $1 trillion annually on education and left it up to people to pay for it privately? What if Obama wasn’t taking another $700 billion of working people’s money to pay for the health care of the parasitic classes? What if you didn’t have every government guarantee backing up the housing industry? That would damn well take away 75-80% of the money flooding these markets and prices would drop by the same. People fret saying, “Well how can we pay for college/healthcare/housing/retirement/etc. without government help!?” but they fail to realize it’s government money that is precisely driving these costs up. If you simply took away this money (be it college, the stock market, healthcare, etc. etc.) prices would drop dramatically because there’s be TRILLIONS less in money chasing those same fixed amount of degrees, doctors, houses, and stocks.”
I was asked why we don’t just give everyone a million dollars from the federal government. That way everyone could afford a nice home, nice car, and education for their kids.
And because of the multiplier effect, our economy would boom!
Where do you start?
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“When everything is “FREE” … nothing has any VALUE.” Why don’t our leftist, pro-Commie, smarmy-Socialist friends understand this simple human truth ? Because they themselves have no values. Remember it was the left who excused Billy-boy Clintons diddling of an intern by saying “character doesn’t count” (so long as I am getting RICH from PetMED.com stock prices). Leftists tend to be the shallow, temporary residents of the Burning Man playa. Who, for 10 day per season, live “free” and unencumbered from man’s “laws”. They “value” … nothing. Not even their own self-respect. Therefore, it is easy for them to believe that FREE everything = nirvana … so long as someone else is PAYING for it. We should have learned this lesson (as taught by every FRAUDster Indian guru) by now. But, alas … idiocy reigns supreme.
They don’t even understand that their “learned” college professor … who preaches Communism from his silk-lined pulpit … is receiving $ 350K+ per year + benefits and bonuses from their overinflated tuition payments. Of COURSE prof. Squashblossom believes in re-distribution and free-distribution … cause he is making a FORTUNE off the ignorance of his benefactors. A bloody FORTUNE !! … for producing … nothing. nada.
How about just ending taxation and the government borrows ALL of it’s revenues?
If, as the government claims, the constant borrowing and spending more than it takes in isn’t going to sooner or later bankrupt the government, than why not borrow it all and let people keep the fruits of their labours?
The us does not lend over a trillion in student loans every year.
Total outstanding debt amassed over decades now stands at just below 1.4 trillion.
Gord: notice the Captain said “spend/lend”?
“but they fail to realize…”
Yup, that’s part of the problem alright – doesn’t matter if it’s the economics of taxation, the climate change swindle, or the slow erosions of liberties by an intrusive state, a good chunk of the public is too thick to figure things out.
But the other part of the problem is that section of the public that realizes it full well, but with an utter lack of conscience or care chooses to ignore disasters-down-the-road for today’s comforts and profits.
Parasites and fools, that’s what it takes.
We’re seeing the same ginned up inflation in the agency economies that rely on government writs for their existence. A short list of the manufacturing sectors includes real estate agencies and title insurance providers, licensed contractors (esp. Re commercial properties and mortgaged props), and the legal fields.
Politicians like to legislate these sectors into being because they generate artificially high commisions which translate into increased tax receipts and hype the capitalization effect. But they disregard the negative downstream effects on the markets they profess to protect.
One example: to sell one acre of raw land under Arizona’s dept. of RE requires as many as four distinct overseeing agencies, multiple commissions paid and close to two hundred pages of warnings dislaimers disclosures and affidavits to complete. All the added costs have rendered hundreds of small-lot subdivisions in the west into unsellable go-to zones and defacto green spaces. Really sucks if you’re an owner with a mind to sell. When you title ins. Premium and RE agents commission equal 100 percent of the sale price it is hard to sell a lot.
This situation arises because of what economists call “rent seeking”. If you subsidize an industry, either you are going to attract many more players into the field or, if entry is restricted as in medicine and education, then the existing players will take every opportunity to drive up their income. So costs only ever rachet up, not down. That’s why 80 percent of my province’s tax revenue goes to pay just for Medicare. When the whole scheme was started, it probably only took 20 percent of their tax take.
Malefactoring not “manufacturing.”
“When the whole scheme was started, it probably only took 20 percent of their tax take.”
And then the Health Sector Workers were Unionized…duh duh duh Duuuuuh!
Forget saying, “Oh, we’ll never let that happen, they’re essential services.”
Yes I did – followed by “annually”
DePaul? It should be called DeBalled.
Well then your first post is nonsense.
So you commented on something that nobody has said?