Heard @ScottAdamsSays ask if you could explain away Socialism in a sentence:
Short answer: In Socialism, inefficient solutions are allowed to stay in the system, while in Capitalism, bad ideas lose.
Longer answer:https://youtu.be/Itt_uC-McAg
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Somewhere between us writing the check to the government, and the government writing the check to everyone else.
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Funding the checks would be an issue
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Checks not based on skill set, which reduces efficiency, motivation, and production
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On whose account? You’re removing money from more productive uses.
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Assume UBI, so a monthly check gets written, and the recipient spends all the money on the first day. Are we going to allow that person to just go without until their next check?
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Using checks is inefficient. Funds transfers would make more sense for efficiency.
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People that know what to do with capital, writing checks to an intermediary who cuts checks to people who finance their furniture.....
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If the govt has a monopoly on writing the cheques then how would we know if there was a more efficient way of doing this?
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Take all that math out. Make UBI $5 a year. Don’t worry; it’ll go up.
End of conversation
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