Debt Rattle October 3 2018
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Paul Gauguin The ford 1901 • Fed’s Powell Says US Outlook ‘Remarkably Positive’ (R.) • Another Market Volatility Surge Is Likely Ahead (Colombo
[See the full post at: Debt Rattle October 3 2018]As to Paul Gauguin’s, The ford 1901: absolutely no idea; clicking the picture offered nothing…
It’s rather a dark picture and I for one, am lost for words…
The colors are interesting, but I’m still at a loss…We started the UBI with the safety net of welfare, food stamps, and Medicaid, particularly during Johnson’s the war on poverty. The poverty level hasn’t moved since 1965, but the economy stopped, 100 million are out of work, and we’re collapsing internally from lack of motivation, and externally from the national debt. Exactly as predicted.
Also as predicted, as much as 60% of the welfare costs are bureaucracies and federal employees who can’t be fired, so more than half the cost is wasted, highlighting how government is the worst possible delivery system for virtually everything. The system is also inhumanly Kafkaesque, with those who need rather starving than deal with it, while others scam it on multiple levels. You can see food stamp recipients drive Cadillac Escalades any day of the week in any grocery store in America.
To fix this problem of spirally cost and no benefit, by the government’s own charts, they are now going to UBI to lower the overhead costs and cut the red tape. Genius. Except that we already had this system where people get paid regardless of whether they work, with a highly centralized police state and immovable bureaucracy, with an enormous, expensive military, markets set by the state and central planners, and no economy. It was called the Soviet Union, and they coined the joke “We pretend to work, and they pretend to pay us.”
If you’re short on history, this plan, like all similar plans, did not go well. After establishing state-ordained poverty, while carefully protecting state-ordained oligarchs in palatial style, and the awesome levels of death, despair, and oppression, the system collapsed entirely and got even worse for decades.
But I’m sure, somehow this one time, unlike every other of the hundred times it’s been tried, will be completely different. It won’t destroy work incentive and thereby collapse the economy, it won’t raise overhead so much there isn’t wealth enough to start new ideas and projects, it won’t create a ruthless black market and the power of organized crime and violence, it won’t massively shift the power to the state who can shut off your payments for erroneous reasons or no reason at all, and it won’t help protect the oligarchs who otherwise would have to raise their pay instead of tax-shift by governmental force.
Not this time. The other 99 groups of people, Paris, Russia, Venezuela, they were all just stupid, and we are oh-so much smarter.
Capitalism: the worst possible economic method, except for all the others. Please leave me alone and stop helping. We haven’t recovered from the last help you gave.
VA, found this big treasure trove of Gauguin, couldn’t let it go. A new painting at least once a day is demanding. In this case, it’s the very mystery that attracted me. What are we looking at? The Ford. Also called Flight. Flight from what? Who are these people? Gauguin painted many many Tahitian women, but very few men. Mystery.
Actually poverty rates came down in the USA rapidly in the 1960s. But then US peak oil and corporate globalization followed. Just a guess, but without public assistance, poverty rates would be much higher and there would be no proclaimed present boom.
without public assistance,
1. capitalism would be dead
2. mercenaries/private contractors would be a booming business
3. the wealthy middle class would be poor
Re this story: Australia Banking Royal Commission Could Trigger House Price Collapse (ABC.au), the banks are making a threat that if the government attempts to investigate and even punish past evil-doing and correct current bank behaviour, then the economy will die and it’s all the government’s fault.
Man, the chutzpah…
Ilargi, indeed, a painting a day is daunting.
Those were all questions I had as well; probably should have articuale such…
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