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A rising tide only lifts rich people's yachts


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2014 Oct 4, 3:15am   25,347 views  83 comments

by tovarichpeter   ➕follow (7)   💰tip   ignore  

http://www.salon.com/2014/10/04/income_inequalitys_sick_joke_a_rising_tide_only_lifts_luxury_yachts/

For a long time, the right has argued that we shouldnt worry about inequality because the true concern is the reduction of poverty. Conservatives also maintained that higher levels of inequality were unimportant because a rising tide would lift all boats, and high levels of inequality propelled the economy forward.

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76   MisdemeanorRebel   2014 Oct 6, 2:02am  

indigenous says

Yup the socialist chant, Sweden is borrowing from the future to pay for now just as the US has been doing. Their decedents will pay the price. I could explain further but you won't listen/read the link anyway.

77   MisdemeanorRebel   2014 Oct 6, 2:13am  

indigenous says

You cannot vote/legislate your way to prosperity...

Prove it. If that was so, Somalia would be a paradise and Scandinavia would be like Somalia.

78   indigenous   2014 Oct 6, 2:16am  

I question the numbers, what counts as debt with the US?

Norway gets a lot of it's budget from oil

Sweden was very much free market in the recent past which allows them to coast on yesterdays steam.

79   Peter P   2014 Oct 6, 2:18am  

National debt is an issue only if you cannot defend yourself.

80   indigenous   2014 Oct 6, 2:20am  

thunderlips11 says

Prove it. If that was so, Somalia would be a paradise and Scandinavia would be like Somalia.

It is tantamount to the minimum wage law, which will not create more wealth for the lower quintile.

Somalia continually improves through there Xeer law, which is the opposite of statutory law.

Meanwhile the countries that continually force regulations will move closer and closer to anarchy, because of there unsustainability.

81   MisdemeanorRebel   2014 Oct 6, 2:24am  

Peter P says

National debt is an issue only if you cannot defend yourself.

... and if potential rivals aren't also the biggest lenders. Just dump the bonds all at once in the secondary market and you may not have to fire a shot.

82   Entitlemented   2014 Oct 6, 2:41am  

thunderlips11 says

No taken out of context - Hayek was warmly supportive of the Pinochet regime and regularly visited AND defended it in the press. Hayek has said over and over again he preferred Dictators that implement his preferred Economic Solutions to Democracies that restrict them.

http://coreyrobin.com/2012/07/08/hayek-von-pinochet/

http://coreyrobin.files.wordpress.com/2012/07/hayekchile.pdf

We are now quoting socialists on Pat.net: https://www.jacobinmag.com/about/

83   MisdemeanorRebel   2014 Oct 6, 3:37am  

Entitlemented says

We are now quoting socialists on Pat.net: https://www.jacobinmag.com/about/

Dodge, messenger, dodge - you are being shot at!

Those links all have references to Hayek's own quotes. Just because a socialist collected his quotes from newspapers and media, doesn't mean he didn't make 'em.

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