David Nelson
Permanent Fixture
- MBTI
- INFJ
- Enneagram
- 1w9 possib
I think I stated the cause; inequality. I never claimed the solution was to tax the rich more, but on that point many of the rich are tax evaders/avoiders. That’s the trouble with most attempts or arguments for solving inequality; they rarely talk about income inequality. That is the route of most of the current political problems in the west. As I type this, I can imagine what might be going through your mind. I don’t say that to offend or brag, but these arguments have been gone through time and time again.Like the left, you identified the symptoms but not the cause.
Yes, we have more inequality then ever, but the solution isn't just to tax the rich and regulate everything, like the left thinks. That's why despite the record inequality, the left isn't getting elected in parliaments around the world much.
The solution is not to just continue with the current fiat monetary system, just injecting trillions into the economy without raising any output. Even taxing the rich 99% won't solve the issue.
The main conflict is between growth and technology. Technology is deflationary, prices tend to 0. We can meet over zoom without needing to commute, travel, meet in bars, spend money etc. But our economies are based on GDP (faulty measure) which requires constant growth of consumer spending. So how do you square the fact that due to technology, we are spending less, but our growth targets need more and more spending. You cannot. That's why governments around the world are trying to keep this zombie economy alive by injecting trillions into the system and rack up the prices of everything.
It's all about technology. We gotta embrace it. I recommend you read The Price of Tomorrow by Jeff Booth.
Inflation is direct consequence of inflationary money. Prices should be decreasing, because technology itself is deflationary. Us humans are always trying to do more with less. which is a definition of deflation. But fiat governments are trying to keep the zombie machine going. Imo at least 50% of jobs could be eliminated with technology. This is the reality we need to embrace. We don't need all of those bullshit jobs just to preserve the illusion of growth. You cannot have continuous growth on a planet with finite resources.
We need to embrace 3 things. Hard money with finite supply, technology and the fact that we don't need 80% of jobs. This will lead to massive deflation and better world for everyone.
Here’s one question I’m sure you can’t answer correctly. How do you explain all the current political instabilities and revolts? The usual answer is either Russian interference (no evidence) or that people are stupid and racist and thus being misled to nazism (if this is the case, why now? Why not over last 80 years has this not been an issue? What’s changed? Has stupidity and racism increased in recent years?)
The root is our societies are deeply divided. So divided that many who are in the overclass are blind to the reasons for recent protests. That’s why even top experts and intelligent celebs and intellectuals couldn’t see it coming or understand why. The blindness goes deep. I’ve worked for a blue chip company and now I do some work for 0 hours contract company Hermes. I’ve worked alongside PhDs and very ordinary working people. I’ve seen the divide. 2 very different worlds.
You see the trouble with the free market capitalist model is it is supposed to offer a solution to pay bargaining, along with a moral underpinning, because it assumes a meritocracy because it offers a simplistic model for how a society can best function. BUT the devil is in the detail. It’s in the gaps, where theory breaks down, that people exploit. So in practice it only works financially well for a minority and screws the rest. We are far from a democracy and far from a meritocracy but those things are assumed by many on the right. Our political systems have been hollowed out and lack effective support for working class. Hence Corbyn was booted out of Labour leadership (by disgusting lies) because he was too much for the people. The press is biased, they claimed his proposed tax regime would cripple the country, yet it was a similar percentage of GDP as Germany’s. This is why I said there is no left now in politics. Because no party is championing the plight of the poor properly, except populists but they don’t have the answers. As I keep saying a mixed economy is best. We still have this but too much capitalism. It’s unbalanced. Consider this. In U.K., Thatcher effectively broke the unions because she thought they were abusing their bargaining power. Well what stops the rich, professional, managerial overclass from abusing their power? Nothing. So the balance of power in society is unbalanced. Plus the not minor point that most wealth is created by the working poor. A fact most forget or ignore or don’t appreciate. The city of London generates no wealth; it merely moves money from one place to another. It is in reality a net cost. They are parasitic like most if not all financial jobs. Truth bomb there for you.
But when talking about poor and taxation we are attacking it and thinking about the problem in a Te way, and from the wrong direction. You have to work up in political logic like in science etc. Use some Ti, if jobs are shared between people, and those jobs pay fairly, then there is no poor or need for heavy taxes on rich. Why don’t politicians talk about creating useful jobs? Because they want/think the market has all the answers and everyone should just up their game and compete. It’s bollocks.
Your technology point is not the issue but it does have effects. Efficiency is always a good goal. We do still need many jobs in the service sector. They can’t easily be replaced by technology.
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