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Very Hot Topic (More than 25 Replies) Ponzi Scheme Libertarianism (Read 1,053 times)
patrick2
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Ponzi Scheme Libertarianism
Jun 7th, 2019 at 6:14pm
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Importing hordes of illegal aliens because they buy bags of fritos, and then companies make money.  Don't mention the crowded ERs, jails, schools.  Forget the national balkanization.  Don't even THINK about a future permanent leftwing government. 

Ya see, it's GOOD to import huge mobs of non-English  speaking, illiterate peasants, cuz frito-lay will make more money!  Since that's what helps the economy, why stop with the 100,000 a month from mexico?  Send ships and planes to places like India and bring them from there!  I've been there, and I know 90% would jump at the chance.  Africa, Asia - you can easily get tens of millions, hundreds of millions!  Bring 'em ALL here - good for the economy.
  
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TowardLiberty
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Re: Ponzi Scheme Libertarianism
Reply #1 - Jun 7th, 2019 at 10:08pm
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Ponzi scheme? Not hardly. More people = more demand = equal more investment and production = higher wages.

This is basic economics.

You seem to be working from a Malthusian fixed-pie, zero-sum vision of the economy and labor. It's the same fallacy which imagines the profit of capitalists to come at the expense of labor- an extraction of sorts.

In reality, profits are earned through production and exchange and are the reward for increasing the pie. Immigrants and their wages work the same way.

Neither come at the expense of others. This is about added value. And yes, those brown people add value to this world and that includes those who can't speak English all that well.

« Last Edit: Jun 7th, 2019 at 10:51pm by TowardLiberty »  

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Re: Ponzi Scheme Libertarianism
Reply #2 - Jun 7th, 2019 at 10:49pm
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Damn.

Patrick must have lost another job to a ferener that will work harder than him.

I suggest a new shampoo.

  

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Wadsworth wrote on Feb 19th, 2019 at 9:18am:
Regulations are designed to protect the consumer and the worker.  If it doesn’t,it is not a regulation.



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Re: Ponzi Scheme Libertarianism
Reply #3 - Jun 7th, 2019 at 11:06pm
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patrick2 wrote on Jun 7th, 2019 at 6:14pm:
Importing hordes of illegal aliens because they buy bags of fritos, and then companies make money.  Don't mention the crowded ERs, jails, schools.  Forget the national balkanization.  Don't even THINK about a future permanent leftwing government. 

Ya see, it's GOOD to import huge mobs of non-English  speaking, illiterate peasants, cuz frito-lay will make more money!  Since that's what helps the economy, why stop with the 100,000 a month from mexico?  Send ships and planes to places like India and bring them from there!  I've been there, and I know 90% would jump at the chance.  Africa, Asia - you can easily get tens of millions, hundreds of millions!  Bring 'em ALL here - good for the economy.


Patrick checks all the boxes..


  

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Re: Ponzi Scheme Libertarianism
Reply #4 - Jun 8th, 2019 at 1:32am
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TowardLiberty wrote on Jun 7th, 2019 at 10:08pm:
Ponzi scheme? Not hardly. More people = more demand = equal more investment and production = higher wages.

This is basic economics.

You seem to be working from a Malthusian fixed-pie, zero-sum vision of the economy and labor. It's the same fallacy which imagines the profit of capitalists to come at the expense of labor- an extraction of sorts.

In reality, profits are earned through production and exchange and are the reward for increasing the pie. Immigrants and their wages work the same way.

Neither come at the expense of others. This is about added value. And yes, those brown people add value to this world and that includes those who can't speak English all that well.


- open borders and the huge cost to Americans like crime hospitals and schools is like the broken window theory of economics - break everyone's window to help the economy
  

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patrick2
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Re: Ponzi Scheme Libertarianism
Reply #5 - Jun 8th, 2019 at 5:17am
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admin wrote on Jun 8th, 2019 at 1:32am:
- open borders and the huge cost to Americans like crime hospitals and schools is like the broken window theory of economics - break everyone's window to help the economy


TL always simply ignores the other half of massive immigration.  The Ponzi scheme analogy is due to an unstoppable, or rather unstopped, corrupt system whose very nature causes it to expand without limit.  As we have seen, when huge numbers get in with no subsequent expulsion likely, even more will come.  When an illegal alien mother manages to get across just before giving birth, the baby, is an "American", she gets to stay, and then she can later import half her village through chain migration.
  
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Re: Ponzi Scheme Libertarianism
Reply #6 - Jun 8th, 2019 at 8:03am
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UndecidedTowardLiberty wrote on Jun 7th, 2019 at 10:08pm:
Ponzi scheme? Not hardly. More people = more demand = equal more investment and production = higher wages.

This is basic economics.

You seem to be working from a Malthusian fixed-pie, zero-sum vision of the economy and labor. It's the same fallacy which imagines the profit of capitalists to come at the expense of labor- an extraction of sorts.

In reality, profits are earned through production and exchange and are the reward for increasing the pie. Immigrants and their wages work the same way.

Neither come at the expense of others. This is about added value. And yes, those brown people add value to this world and that includes those who can't speak English all that well.



You failed to address Patrick's point that there is more about the immigration issue than economics. But I am not surprised. Your chosen ideology gives you an extremely narrow field of vision, to say the least.
  


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Re: Ponzi Scheme Libertarianism
Reply #7 - Jun 8th, 2019 at 9:47am
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TowardLiberty wrote on Jun 7th, 2019 at 10:08pm:
Ponzi scheme? Not hardly. More people = more demand = equal more investment and production = higher wages.

This is basic economics.

You seem to be working from a Malthusian fixed-pie, zero-sum vision of the economy and labor. It's the same fallacy which imagines the profit of capitalists to come at the expense of labor- an extraction of sorts.

In reality, profits are earned through production and exchange and are the reward for increasing the pie. Immigrants and their wages work the same way.

Neither come at the expense of others. This is about added value. And yes, those brown people add value to this world and that includes those who can't speak English all that well.



One way in which capitalists keep profits high is paying lower wages.
  

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Re: Ponzi Scheme Libertarianism
Reply #8 - Jun 8th, 2019 at 10:00am
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Limey. wrote on Jun 8th, 2019 at 9:47am:
One way in which capitalists keep profits high is paying lower wages.

The cost of labor is a part of overhead, as are many other factors, including, but not limited to;  the costs of advertising, raw materials. competitiveness and taxes.   In and of itself, controlling labor costs isn't a bad thing.  The marketplace dictates that if one doesn't offer a competitive wage and competitive benefits, then people vote with their feet and go to work somewhere else.  The best thing government can do for labor is to reduce burdensome regulations, reduce taxes and create a marketplace which produces far more jobs and economic opportunity for anyone who wants to work.
  

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TowardLiberty
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Re: Ponzi Scheme Libertarianism
Reply #9 - Jun 8th, 2019 at 10:05am
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admin wrote on Jun 8th, 2019 at 1:32am:
- open borders and the huge cost to Americans like crime hospitals and schools is like the broken window theory of economics - break everyone's window to help the economy

That huge cost is a myth.

  

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"It was the union of the anticapitalist forces of the Right and of the Left, the fusion of radical and conservative socialism, which drove out from Germany everything that was liberal.” F A Hayek
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