The Soviets thought they had equality, and welfare from cradle to grave, until the illusory free lunch of redistribution took its inevitable course, and cost them everything they had: first to go was their privacy and freedom, then on being ground down to an equality of poverty only, for many of them their lives as they tried to escape a life behind the Iron Curtain. In the common good, was found only slavery to the prison of each other's mind; instead of the caring state, they got the surveillance state to keep them in line. So why are we accumulating a national debt to build the slave state again in the West?
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Tuesday, May 21, 2013
State Housing – Moderating My Anger To Ask Is There Any Better Example of What Is Wrong With The Welfare State?
Sunday, May 19, 2013
… I deny that behavioral economics strengthens the case for government regulation. Indeed, I believe that it weakens that case. Because the regulators have the same psychological foibles as the regulatees – yet face far less direct feedback on their decisions than do those whom they regulate – turning more decision-making power over to government increases the frequency of human error and amplifies its ill-effects. Markets keep those errors less numerous and their effects more confined.
Human beings are not laboratory rats to be controlled and conditioned by some elite of their number who, somehow and without explanation, manage to become higher-order creatures simply by working for government and professing deep concern for the welfare of their lab animals.
Venezuelans are used to going without staples like milk, coffee and butter, thanks to the country’s frequent food shortages. But now they’re dealing with a much more urgent crisis: a lack of toilet paper.Stores have run out, and each new delivery sees a rush on supermarkets. The demand is so great the government has now been forced to order 50 million rolls to appease desperate shoppers. One woman standing in line at a Caracas supermarket that received a fresh delivery told the Associated Press that she had been scouring the capital city’s shops for two weeks. “Even at my age, I’ve never seen this,” another, 70-year-old shopper told Sky News.Economists blame Venezuela’s shortages partly on price controls, initiated by the late President Hugo Chavez, to make goods affordable to the poorest people in society (in a government store, a kilogram of pasta costs $0.30, writes the BBC). But that has also led to country-wide shortages of staple items, and Venezuela’s “scarcity index” is currently at 21% – meaning that out of 100 basic products, 21 aren’t available in stores, notes the BBC. “State-controlled prices—prices that are set below market-clearing price—always result in shortages,” said Steve Hanke, professor of economics at Johns Hopkins University, told the Associated Press. “The shortage problem will only get worse, as it did over the years in the Soviet Union.”
Say what you like, but as much as our Left politicians hate free markets - and thus an individual's freedom from the arrogant theocracy of themselves - in the market economy, with the feedback loop of market signals, you’ll always have toilet paper. The Left need to take off their ideological blinkers that keep them in this ignorance of emoting about issues rather than thinking on them.
Thursday, May 16, 2013
Core tax revenue is forecast at $62.4 billion, or 27.4 percent of gross domestic product in 2014, rising to $72.8 billion, or 28.3 percent in 2017 as the economy grows. Growth in tax revenue is expected to strongly outpace forecast nominal GDP growth over the forecast horizon, with all tax types picked to rise, especially tax from employees, the Treasury estimates.
“@deloittenztax: What do we think of #NZBudget thin cap tax announcements? bit.ly/13n7JH1” trivial
— David Cunliffe (@DavidCunliffeMP) May 16, 2013
Though in the meantime, only more statism to be seen here, move along please ...
Stop press: the surveillance state grew a whole lot more, by the looks of it, than is admitted in the announced $6.65 million figure …
Vote Revenue has got $54m more funding in 2014 for IR in part to chase debtors and do audits, much more than announced? #nzbudget ^GN
— PwC New Zealand (@PwC_NZ) May 16, 2013