A Deeper dive into Mamdani grocery stores...

[Ichabod Stain]

Tax payer dollars are paid in absolute dollars so wasting $500m tax payer dollars, instead of leaving that in their pocket is worse than wasting $70M.

What you are saying is dumb. It is like saying if the Military wastes billions in taxpayer dollars that is of less concern than the smallest agency in gov't wasting thousands of taxpayers dollars as long as the percent of the budget is lower.

No citizen would agree with you and say 'ok wasting the billions is no big deal as it is a small part of the budget'.,

Your TDS is making you try to spin again and you tipped into stupidity.

Add to that an airline bailed out and then owned and ran on taxpayer money will almost certainly become a CONSTANT sink for losses and new tax payer cash going in but it will just come directly from the transportation or another budget directly going forward.

its better to just give the people welfare to buy food at the for profit stores. like we have now.

this government run store is more opportunity for fraud and graft.

you have to MSIA Make Shoplifting Illegal Again.

 

[Ichabod Stain]

Well, the history of trusts, railroads, and banking tells a very different story. Rockefeller, J.P. Morgan, Carnegie, Vanderbilt, right on up to Jobs, Gates, and co. have been very diligent in destroying competition by less than honorable means.


It would be impossible, actually.



Yes, but the govt. that has the power to achieve that also has the power to help destroy smaller competitors of big companies. This is where culture and morality comes in; the more that declines or is never there in the first place, the more oppressive laws and regulations become.



Some are natural monopolies, and in some industries economies of scale win out very soon. Others just use the limited liability laws to operate criminal enterprises. Limiting ownership liability serves no public purpose when its a whisky selling business or a shoe maker or whatever. The concept was designed to benefit capital investment in such things as roads, canals, and services that serve the public interest, i.e. railroads, water projects, etc.

I actually like this one.

 

[Ichabod Stain]

Hamiltonian economics is more about fair trade than free trade. It's what separated the states from European imperialism. Our founders had some good ideas for socioeconomic mobility that we refused to fight to keep.

The US has become what we fought a revolution to defeat.

yes.

globalism has destroyed the dream of independence.

banker fascism is worse than monarchy.

 

[Ichabod Stain]

There are two ways for Mandani to raise money. He can tax it, or he can borrow it.
There are three ways for the federal government to raise money. They can tax it, they can borrow it, or they can print it.

Borrowing means issuing a bond. You must entice people to buy that bond by offering an interest rate. This means the government must LOSE money by paying for that bond, and the interest. It must raise MORE money to cover the cost of the loan. Like any consumer living on tick, this can only go on so long. The result is a debt crash. People left with those bonds are hung out to dry. They do not get paid, and the government defaults.

If they tax too much, a revolt is sure to follow. Fleeing the area is one form of revolt. A tax crash.

If they just print it, you get inflation. That is the direct cause of inflation. Because the dollar has been devalued by printing, you must print more. This in the end results in a cash crash. The money becomes effectively worthless and people choose another form of currency. NOTHING the government can do will stop it.

ALL fiat currency is subject to this. The United States is better off than most any other nation, but it is headed there just the same. It has already hit Japan, Brazil, Mexico, and now China. NOTHING makes the United States immune.

For Mandani, he is stuck requiring huge amounts of cash to implement his socialistic programs, including the communistic grocery store. As with all socialism, it must steal wealth from productive individuals to pay for the socialism. For this reason, socialism always fails. Sooner or later, it runs out of people to steal from.

yes.

this fuse was lit in 1913.

this what the hidden hand does.

Rome, Venice, Netherlands,London, D.C..... and beyond

 

[Ichabod Stain]

the solution is to resist the allure of the bubblecrafters on wall street.

we must not let them cash out their fake dollars in return for ....everything.

no. fuck you people.

 

[Lionfish]

 

[Taichiliberal]

Free market competition is ALWAYS the best option.

Banking Industry issues specifically are more complicated because the big US Banks have gained Oligarchy status via bad US policy going back Nixon and from most Administrations since. What that has meant, that if the big banks go bankrupt, they can take down the Capital markets, see massive amounts of citizen wealth wiped out and other knock on problems that could put America in deep recession.

Obama actually had a chance to fix a lot of that problem, after the Sub Prime Credit big Bank collapse issue, by NOT bailing out the Big Banks and instead pouring all that same amount of tax payer money into Mortgage and Credit Card credits given directly to tax payers to pay down their personal debt.

That would have provided the SAME amount of liquidity to the markets overall but most of it would have went to State banks (where most mortgages and credit cards are held) and that would have lead to far more homes being kept by the owners thus reducing the cascade forced sales that kept happening as the neighbors house sold at great discount, reducing home values and thus putting the next neighbors value and mortgage at risk.

Also by giving the tax payer BACK their money instead of giving it to Wall Street banks, it would have kept them more liquid thus more spending in the market after leading to an even quicker recovery with the benefit of being 'the too big to fail, Wall Street banks' would have been greatly reduced in Oligarchy power as State banks were strengthened.

Bravo!

 

[QP!]

And for the money each controls, Mamdani's grocery stores are by slight degree, worse.

no task payer would agree with you. NONE.

Assuming both are failing no taxpayer would say i think Mamdani's grocery store loss of $10M in taxpayer money is more concerning or worse to them then the DoD wasting hundred of billions of tax payers dollars.

You think the taxpayer would say 'but it is percent of budget i care about and not the total amount of the tax dollars i paid that are wasted' and you think that as you are a stupid person.