said government is a necessary requirement for a free market, he did not sa y it was sufficient.
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Did you read the following post on his blog, The Conundrum of Corporation a nd Nation? The big multi-nationals are taking the money and running, they'r e in no way shape or form American. So the sucker Americans who pay top dol lar to maintain the economic environment for these entities are really gett ing short changed.
The US does have a high rate of corporate tax, but it also has a huge corpo rate lobbying business, so in fact every industry that can afford a lobbyis t has it's own private tax loophole, and the US collects a rather lower pro portion of corporate income in tax than most advanced industrial countries. And of course, in recent years international companies have vested their i ntellectual property in tax havens, so their national branches end up payin g huge royalties to some island in the Caribbean, which wipe out any profit s earned in places like the US or Australia
Rich people do like this idea. The French have practiced it for the last ha lf-century - they invented value-added-tax. Bastiat was French. It's not do ing the country any good, but the French fat cats like it.
True, but - as with many of John Larkin's statements - not quite the whole story.
I may be a wikipedia know-it-all but I did search on "electric power in Uga nda" and this is what came up. It seems to reflect the current situation.
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"Just 3-5 percent of the population have access to electricity and many tow ns, especially in the North of the country are without electrical power. In the rural areas only about 2 percent had access to electricity, of which l ess than half was provided through the national grid, the remainder coming from household generators, car batteries or solar photovoltaic (PV) units. About 97% of Uganda's population do not have access to electricity."
What's "rich" about having a dishwasher when you haven't got access to elec tricity?
Germany collects quite a bit more in tax than the US, and doesn't seem to suffer from a shortage of venture capital.
You have to keep in mind that entrepreneurs need capital, but they also need a work-force to exploit that capital. Giant investment in advanced industrial machinery needs people who can build and operate that machinery.
There's a balance between leaving enough capital in the hands of the entrepreneurs to let them fund the start-ups, and taking enough in tax to educate the workers who are actually going to do the starting up.
Germany seems to be a lot closer to the optimal ratio than the USA.
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in chapter 13 points out that the USA collects a lot less of the GDP in tax - about 30% than the UK, France, Germany or Sweden.
Sweden collects more - at 65% - than anybody else, but still manages to have a positive balance of trade (which the US can't manage, and hasn't managed since Reagan was president).
Most people seem to know better than you do. Your enthusiasm for silly ideas is remarkable, and your self-confident ignorance about anthropogenic global warming is truly remarkable. Barak Obama may be right in this particular instance.
In Germany, you wouldn't have needed to save to go to school. It's actively encouraged. Their tax may be painful after you've got a job, but the tax pays for a lot of education - more than anywhere else.
We have modest sales taxes on things, which discourages buying things. We also tax labor, which discourages employers from consuming labor.
It might be better to tax just
Wow, you'd have some serious high-rise buildings!
A sales tax is voluntary. If you don't want to pay the tax, buy less stuff. We could exempt things like food, and some other essential things. We should certainly tax services.
--
John Larkin Highland Technology, Inc
picosecond timing laser drivers and controllers
jlarkin att highlandtechnology dott com
http://www.highlandtechnology.com
Sorry, you lying bastard, but a ten percent sales tax is NOT "modest". What it really is is retarded.
Because despite getting all that money all these years, it is CALIFORNIA who is responsible for the HUGE ignored influx of illegals into this nation, and now they want to give the retarded bastards "rights".
er advanced industrial country. For a long time, the fact you had a bigger internal market than anybody else allowed you to get away with it.
xes and imposts than you do, and spends the extra money on making sure that more of it's work force has some kind of tertiary training than anybody el se.
ports almost as much as the US (which has four times the population) and tw o thirds of what China does - depends on it's skilled and productive work f orce.
That's utterly unrelated to the points. Why not just link to someone else's random incoherence, preferably Wikipedia?
an a
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nybody who died after 1850, and idolise Bastiat and the founding tax evader s. This isn't quite as crazy as believing in the literal truth of the King James translation of the Bible, but it's definitely in the same category.
Every time you speculate you're wrong, but it never deters you. Here you've made up another story, a bogus narrative.
Milton Friedman was a hero, but unlike some, I don't rely on others to thin k for me. I'd like to, but I've found over the years that they're simply too often unreliable to believe unconditionally.
You're trapped in the pre-American Revolutionary philosophy of despots and monarchs, who rob (but never eliminate) a wealthy few, as long as they spread the booty. That makes for great inequality, and less overall.
ganda" and this is what came up. It seems to reflect the current situation.
owns, especially in the North of the country are without electrical power. In the rural areas only about 2 percent had access to electricity, of which less than half was provided through the national grid, the remainder comin g from household generators, car batteries or solar photovoltaic (PV) units . About 97% of Uganda's population do not have access to electricity."
ectricity?
That was point, wasn't it? The Keynesian's 'demand' bleat--including Reich--is that demand itself creates the jobs and industry needed to fill it.
The US economy works despite economists, not because of them. The same is true in most countries - economic theory is mostly based on assumptions that are totally and obviously wrong (such as the assumption that people always make informed and rational decisions).
I don't know it's fair to say that "at least half the U.S. are idiots" - but it is certainly fair to say that most people have very limited and biased information on which to base their opinions. So even if most people were smart, rational, honest, kind, tolerant and thoughtful, they don't have the facts on which to base decisions or justified opinions.
This is why democracy is the worst possible system of government (even though it is the best we have).
The US military are good at killing enemies on the battlefield - no doubt there.
However, they are not too hot at finding the enemies when they aren't on a battlefield, and they are terrible at avoiding killing people who aren't enemies (be it their own forces, their allies, or innocent bystanders, or avoiding long-term damage, destruction, poisoning and death to people living in the area).
And they are not good at doing any of it efficiently.
All of this makes it very difficult to handle the politics and the social and economic issues in the lands visited by the US military. I fully agree that these things should not be handled by soldiers - as you say, it's not their job. It is completely unreasonable to expect a person to be an expert at killing "bad" guys, and also an expert at politics, culture, diplomacy, etc.
He said government is a necessary requirement for a free market, he did not say it was sufficient.
peace
ass the citizenship test.
selective arithmetic.
And you read Bastiat and the Federalist Papers. John doesn't even get that far.
In terms of improving human happiness and well-being, technology trumps eve ry political philosopher who ever existed, and communications technology do es more for the political process, yet you read stuff by people who predate most of that - Bastiat would have understood a telegraph system to be a st ring of towers with waving arms, and even that was only invented after the Federalist Papers had been written.
Uganda" and this is what came up. It seems to reflect the current situatio n.
towns, especially in the North of the country are without electrical power . In the rural areas only about 2 percent had access to electricity, of whi ch less than half was provided through the national grid, the remainder com ing from household generators, car batteries or solar photovoltaic (PV) uni ts. About 97% of Uganda's population do not have access to electricity."
electricity?
Your version of it is stupid. You reliably leave out the bit which starts " when an economy is in recession, and there is unused productive capacity .. ."
Keynesian pump-priming only makes sense for an economy in recession, but si nce you and Milton Friedman think that the market is perfect, you can't bel ieve that there would be unused productive capacity. That is stupid.
Joseph Stiglitz talks about trying to have a conversation about Milton Frie dman about the then new research on the imperfections of the free market, a nd noticing that Milton Friedman couldn't process the idea, any more than y ou can see the Founding Fathers of the US Constitution as the founding tax evaders.
ther advanced industrial country. For a long time, the fact you had a bigge r internal market than anybody else allowed you to get away with it.
taxes and imposts than you do, and spends the extra money on making sure th at more of it's work force has some kind of tertiary training than anybody else.
exports almost as much as the US (which has four times the population) and two thirds of what China does - depends on it's skilled and productive work force.
You complain that socialism destroys the entrepereneur. Germany is a lot mo re socialist than the US yet visibly better-supplied with people who can sp ot an export market and supply it.
That looks a like a fairly direct relationship to me. You can't answer it - beyond saying that you worked in Germany more than twenty years ago and it didn't look like that to you then - so you declare it "unrealted to the po int".
Coherence is in the mind of the beholder. You can see the coherence in any string of right-wing rubbish, but counter-arguments are harder to absorb an d react to, so you prefer not to bother. Much easier to set up a straw man and deal with that.
than
anybody who died after 1850, and idolise Bastiat and the founding tax evad ers. This isn't quite as crazy as believing in the literal truth of the Kin g James translation of the Bible, but it's definitely in the same category.
ve
Do define what constitutes the "narrative".
ink
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Unless they are safely dead, like Bastiat, and the Founding Tax Evaders. Mi lton Friedman is now also safely dead, and his brain seems to have stopped working rather earlier than his heart. None of them is going to confuse you by reacting to a changing reality.
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Really? Here was I thinking that I endorsed modern socialism as practiced i n Sweden and Germany where the burden of supporting a fairly interventionis t state is spread over a rather productive population. The more productive pay out a greater proportion of their income in taxes, but everybody who ha s a job is contributing a significant proportion of their incomes.
Gini index in Sweden is 0.25, which is about as low as you will see. In Ger many it's higher, at 0.285. Most advanced industrial countries cluster arou nd 0.3. the US is at 0.45, between China and Russia.
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The Gini index is a bit too one-dimensional - fine for what passes for deba te around here, but inequality is a serious problem, and would repay seriou s consideration
The book "The Spirit Level" has a lot more content.
Really? You do recall the consensus that that the US Army was "broken" near the end of the conflict, before we handed off control to that fake, incompetent, ineffective and thoroughly corrupt government we set up there?
I think that 10% of the people walking around outside are efectively insane, but others disagree; they usually think the number is higher. Somehow these people manage to sort of function and mostly do useful things and not kill anyone, which is a tribute to our society. Or something.
There are political reasons for a lot of the inefficiency, like keeping bases open and systems in production when even the military doesn't want them.
--
John Larkin Highland Technology, Inc
picosecond timing laser drivers and controllers
jlarkin att highlandtechnology dott com
http://www.highlandtechnology.com
Digitizing a waveform, and numerically integrating, turns you off?
Turns out that my filter and ADC have tiny errors as a function of sampling phase, namely Shannon violations. Here's a picture from the paper I wrote up, essentially the impulse response of the integration system. Blue is the input, red is the filter out, and then we have four samplers and four integrators.
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It's cool. The four integrals take different paths but wind up at the same value.
I enjoy stuff like this and get paid to do it. As far as I can tell, you enjoy nothing, and likely don't get paid. You could work on that, you know; apply your intelligence.
--
John Larkin Highland Technology, Inc
picosecond timing laser drivers and controllers
jlarkin att highlandtechnology dott com
http://www.highlandtechnology.com
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