Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read

  • Posted by CircuitGuy 8 years, 11 months ago
    I love this video. So many good points:
    - Socialism has a plausible but wrong narrative, like the kids' ice scream scoops.
    - Some people start with more, which has a big effect, but not as much as you'd think. I went to see Villa Louis in Prairie du Chien a few years back. We toured the families huge amazingly fancy home. One man made the money in the fur trade in the late 19th century. His kids squandered some of it. Then his kids ex heavily squandered it. The family still lives in the area, but they have no money and work mundane jobs. The tour guide didn't highlight this, but reading the facts I started putting it together. This one guy got amazingly rich, equivalent to 100s of millions today, and it was GONE two generations later.
    - Politically connected companies and individuals abuse gov't regulation to their own benefit. I see this all the time.
    - Gov't training people to need a "morphine drip" of money. - So true. They try to create progs to give the money to the neediest, and that creates an incentive for people to learn to associate money with filling out gov't forms instead of with solving people's problems for money.
    - Humanitarian relief is very complicated - This is so true. I don't think I agree we shouldn't try at all to do it using gov't, but we should be very cautious.
    Reply | Mark as read | Best of... | Permalink  

FORMATTING HELP

  • Comment hidden. Undo