pull down to refresh
20 sats \ 3 replies \ @flat24 29 May \ on: The Immorality of Keynesian Economics econ
This system has eroded the level of society incredible. Recently I looked at an immigrant stories documentary in NY. These people arrived from Italy and Ireland for example. and they had been fleeing from the famine and misery. But there was still the bias of working and creating wealth, they came from the previous decades to the two great wars that were the link to kill hard money and bring to all the hands of all of us the soft and lies money. These people worked, founded companies and businesses that allowed them to create wealth and thus progress in the US land. The point of this is the big difference with the migrants who arrive in this era, who their main motivation is to go to the US to have "aid" and social programs that allow them to live from the State. It is a big difference the level of thought that migrants had 50 years ago or 100 years ago, with those who arrive in this last decade. And all that is an effect of the fiduciary financial system in which we live.
Yes, this is the result of raising the time preference of people in this country. There are no savings, therefore no investment. And, no, what the state does is not investment, they only consume. When the give aid to people, it is to spend, without saving and therefore no investments. Now, immigrants are coming for all the freebies from the pockets of the taxpayer, therefore crowding out taxpayer savings. We are now swirling down the toilet because of what you descirbed!
reply
If I totally agree, although I do not consider that immigrants take the money of the taxpayers, that only happened in the past that governments used tax money, today I dare to say that the theft they apply to each of us (taxes) will stop to the pockets of politicians. In this century and under Keynesian doctrine, the State does not need to take money from citizens through taxes to carry out public works. Recall that the State has the ability to print the amount they need to cover all the expenses that government management can generate, so if they have that ability to create money from nothing, because they continue to remove money as a tribute? Because they are stealing us, there is no other reason.
reply
Stealing money through inflation hits the people further from the source of the newly printed money the hardest, thus get the most value fo money stolen. It is still theft whether they take it in taxes or inflation (only the increase in the supply of money).
reply