Libertarians are idiots.

[emby]

Bottom post of the previous page:

A couple of libertarians discuss the finer points of social security.

Depends on what you consider huge. What you said is a false statement in my case. Yes, the feds will tax about 75% of my SS wages as long as I'm earning over their threshold. After that, I can earn however much I want with no tax. In the meantime, I will be putting close to a $100K in the bank that I wouldn't have if I wait until I stop working. For me, that's worth a few additional tax dollars. I did a cost/benefit analysis and found that I'd have to live until I was about 78 before I'd hit the breakeven point where I'd have earned more in SS wages then I am by taking it earlier. If I live that long, well halleluiah and amen! If not, I had more money in my retirement than I would have had by waiting.

At the end of the day, you do you, I'll do me.

P.S. Considering the, often, incoherentness of many of your posts, I think you can forgive my occasional typos.

In 47 years when i get to be your age Im hitting you up for how you did that calculation. It seems really good

Best ponzi scheme ever.

[PetePierson]

WTF is B2 talking about? 75% tax rate? Did he move to Canada?

[PetePierson]

And it is definitely a ponzi scheme. The government has been borrowing against / abusing SS funds for decades.

Just give me all my money back with compounded interest and get fucked.

I hate the government at a very unhealthy level.

[emby]

And it is definitely a ponzi scheme. The government has been borrowing against / abusing SS funds for decades.

Just give me all my money back with compounded interest and get fucked.

I hate the government at a very unhealthy level.

What does the phrase "We shall repeal the 20th century" mean to you?

It's a Rothbard quote.

[The Outsider]

WTF is B2 talking about? 75% tax rate? Did he move to Canada?

Like I said to kaimaru in a different thread, Buc2 to is for all intents and purposes retarded. So that's probably what's going on there.

[PetePierson]

What does the phrase "We shall repeal the 20th century" mean to you?

It's a Rothbard quote.

I'm actually not familiar with this quote but will look it up. I'd guess that a large part has to do with Wilson, 16th Amendment, Fed, central banking, FDR's wealth tax for both as a weapon against his enemies as well as his New Deal projects.... welfare programs, etc... basically the massive expansion of the state.

[emby]

What does the phrase "We shall repeal the 20th century" mean to you?

It's a Rothbard quote.

I'm actually not familiar with this quote but will look it up. I'd guess that a large part has to do with Wilson, 16th Amendment, Fed, central banking, FDR's wealth tax for both as a weapon against his enemies as well as his New Deal projects.... welfare programs, etc... basically the massive expansion of the state.

It's part of a speech he gave. Might have been around the time Pat Buchanan was running.

I'm concluding that all of this shit all boils down to neo Confederacy. Still fighting the god-damned civil war.

[emby]

They're talking shit about you , Pete.

the libertarian national committee/party is a joke just like the RNC and DNC


The mises group that Pete liked so much aren't good for the party IMO....as you say, all they do is in-fight.

I think the L Party is worse. At least the R's and D's all line up behind whomever is chosen in their Party's and, for the most part, they will at least agree on their messaging even if, internally, there is some disagreement. That's what good Party's do. And I don't mean good as in GOOD for the people, but GOOD for their Party.

Right now is the closest we've seen the D Party come apart in a long, long time. Maybe ever. But it took a mental meltdown by their figurehead leader to cause that to happen. Still, they'll get their act together again...sooner rather than later I'd bet.

This is in the context of all these chumps already saying they're going to vote for Trump. I got the recipts for that shit if they ever try to deny it.


Libertarians? More like Republicans who don't want to admit it.

[emby]

The biggest reason you cant take MMT’ers seriously is they have no theory to base anything on. They cant answer basic, fundamental questions

If debt isnt bad, why do we collect any taxes? Why dont we just issue bonds and t-bills to finance the govt?

Is there a level of debt that becomes bad?

What is the most a govt should increase it money supply in a year (print money)?

I like reading the MMT Stuff and listening to podcasts about it. Both from proponents and critics of it.

But no MMT’er Has ever given answers to these fundamental questions.

I actually believe there are a couple concepts within MMT that are valid and a new way of thinking about things. But as a whole it leaves so much wanting

That's because he asks non-sequitur, poorly contrived, and outright stupid questions or he doesn't like the answers because they blow his 100 year old scarcity argument to bits.

If debt isnt bad, why do we collect any taxes? Why dont we just issue bonds and t-bills to finance the govt?

You already know the answer to this. The taxes are the proof that the bonds are worth the face value.

Is there a level of debt that becomes bad?

I would suppose if the debt exceeded the income and assets the government could theoretically collect there would be a problem.

For example, the entire national debt could be paid off in a year or two if the government nationalized the entire oil industry. It probably won't come to that, but we could totally do it. In which case the Government's ability to tax and spend is only limited by the ability to theoretically tax the ROI of every asset in the country between 1-100%. But here in the good ol' USA, Taxes on business are SUPER LOW so the mere possibility of a 10% tax hike on publicly traded corporations keeps the treasuries flowing.

What is the most a govt should increase it money supply in a year (print money)?

Depends on how much the country made or lost and the demand for money, doesn't it? True for any economy.




Here's what C3P0 doesn't get. There has not been a correlation between the money supply and inflation since the end of the gold standard. All he's doing is arguing for austerity which is a S T U P I D idea. Republicans don't even want to do that because it puts the economy in recession for years.

[The Outsider]

I like your use of C3P0, as he and R2 were basically written to be a crotchety old gay couple, so the implication is that Saggy is both useless and a fag.

[PetePierson]

I'll be first to admit, the MC fucked the LP up. Basically a hostile takeover in Reno a few years ago. They went too hard, too fast. I think I've even mentioned it before that I was given a talkin' to by the NCLP.

I was told I was too radical and would no longer be a national delegate if I didn't fall in line. You can imagine how that conversation went. Cut to the end, I used my favorite Comrade quote and told them to "Get Fucked" and ejected.

B2 always annoyed me. He just wanted Zarnis approval. And his entire "Vote for Jo" Schick in 2020 irked me. As she was just as bad of a candidate as Trump or Joey in '20.

I still follow a lot of inside baseball shit in the party but think I've moved closer to Anarchist than Librarian. So that ensures I'll never get a political win. I'm smart.

RIP.