Comments by "josh fritz" (@joshfritz5345) on "Pete Judo" channel.

  1.  @vfwh  If I have 50k saved up, then the government prints a ton of money, doubling the money supply, my 50k dollars now only has 25k worth of purchasing power. Even if I got a raise and make twice as much money, I'm still out 25k dollars that I had saved up. Inflation is a tax on savings. The whole point of a commodity backed currency is to tie the value of the currency to a real world item so that there is something more than simple confidence in the currency to keep people's trust in it. It is way harder to create inflation in a commodity backed currency as long as that commodity is very difficult to replicate at scale. For example, gold is finite, so any currency backed by gold at a fixed rate will retain its value forever, or at least so long as it can still be exchanged for gold at the same fixed rate. To put it very simply, inflation taxes people's savings, devalues debts and messes with the economy in other ways too. These negative effects disproportionately harm the middle class (rich people hold assets which are generally inflation proof, and may even gain value, such as land and stocks), so lowering or eliminating inflation is desirable to maintain a strong middle class with good upwards mobility.
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  2.  @vfwh  Shit... I had a really detailed reply to this, but Youtube removed it. The short, hopefully not auto-delete version of it is that we can't vote ourselves out of monopoly because elections are a placebo, and the billionaires are the ones who actually decide policy, not the voters. Also, fuck Youtube.
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  3. We have them. Native American reservations are given lots of taxpayer money for free. They are some of the poorest communities in America, with extremely high rates of gambling and drug addiction. Socialism doesn't work.
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  4. You can't teach an unemployed socialist economics. You're better off trying to teach a dog to sing.
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  5. UBI is just socialist wealth redistribution. We have hundreds of historical examples of it crashing and burning. One ongoing example is the Native American reservations. They receive taxpayer funded subsidies from the government and remain some of the poorest communities in America.
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  6. 100% of socialists fail this logic test
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  7. Great, now what about the people who have to get an extra job to pay for all the taxes required to fund this socialist BS?
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  8.  @bluevayero  Exactly. But lazy people love anything resembling socialism, because it enables their laziness.
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  9.  @justtiredthings  Democracy only really affects things that the people who run society don't care about. Everything the elites have a strong opinion on is not up for a vote. Agreed. We do not have a free market economy. Any attempt by upstarts to start competing is generally crushed by the government on behalf of the monopolists. The idea that AI will replace everyone is a common view among technophiles, but I think it's often overstated. I do believe it will happen someday, but I think it's a lot further off than recent advancements would imply. For one thing, the AI singularity, while a popular idea among technophiles, is a deeply flawed concept that will probably never happen. What we are likely to see are gradual improvements in AI technology which slowly discovers new applications and requires a ton of work to make economically viable in each new field. UBI is an extreme measure that would become necessary if AI's capabilities suddenly lept forward as would happen if the AI singularity happened, but given that the premise of a continuously and rapidly self improving machine is itself flawed, this won't happen. We have plenty of time to figure out how to deal with people whose jobs are replaced by AI. It will happen slowly over time, not all at once.
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  10.  @justtiredthings  Fuck Youtube. I spent 15 minutes typing a very detailed reply and Youtube deleted it. We can't have a real conversation on this topic here, sorry.
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  11.  @justtiredthings  The cnuts at Youtube deleted a very detailed reply I made to you on this subject. Sorry, we can't have this conversation here.
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  12. I'm sure things will be better if we give them even more free money. Lotto winners all seem happy and successful.
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  13. I work 40 hours a week consistently, and have worked as much as 70. UBI will make you and I both poorer. That free money comes from the paychecks of working people like us via taxes.
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  14.  @rika8484  If you want to do that, make the donation directly, or through a private entity. The government spends your tax dollars funding wars in the middle east and bailing out the banks.
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  15.  @rika8484  You're a lot more open minded than most. A lot of people who advocate for larger government are utterly opposed to decentralization. Even if a large state wasn't corrupt (which is quite rare), it will simply lack the information necessary to make decisions on behalf of citizens as well as a local government will, which in turn won't be as good at making decisions for people as the citizens themselves. There's a thought experiment that proposes that gift giving is inefficient because the gift giver will rarely know the receiver well enough to give them a gift better than they could buy for themselves. I'm certainly no advocate for abolishing Christmas gift giving, but that same logic can be applied to people buying services vs. the government taxing those people and providing those services but making them mandatory. Here's an example. If you are buying home insurance and live in a hot area which hardly ever gets snow, you probably don't need or want insurance that protects against damage caused by hail. If the government was buying everyone home insurance on their behalf (using tax dollars collected from their paychecks, so no, it's not free), the government would likely give everyone the same plan. Governments are lazy like that. This means that you're paying for insurance on hail damage when the last time your hometown saw snow was 30 years ago. It's easy to not realize that you're over-paying because the money is withdrawn from your paycheck, and anonymized into "public funds" before being redistributed, meaning it's very difficult to know if your money is being wasted or not.
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  16. Not something to aspire to
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  17.  @ProfestionalCrayonEater  Youtube appears to be on a spree of hiding and deleting all of my comments. I can't even see my own comment that you replied to. The censorship is BS.
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  18. 100% of socialists fail to understand this.
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  19. Congratulations, you failed economics. Please never vote.
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  20.  @victoriap1561  That's a common theme with socialists.
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  21.  @mrca9344  If people can afford to not work, they won't work. If few people work, everything stops working, everyone starves. Many people would choose to not work, or work very little if they could, way too many for society to support.
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  22.  @mrca9344  No they won't. Many people will work the absolute minimum necessary to survive. Most people aren't driven enough to work more than that, especially when most of their surplus labor is taxed away to pay for UBI for those who work less or not at all. This is basic human psychology.
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  23.  @chrisl4999  It's literally impossible to implement currently. UBI is too expensive. to give all 400 million Americans 12k per year would cost 4.8 trillion dollars. That's nearly a third of the US's 15 trillion dollar GDP.
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  24.  @mrca9344  Outside the box thinking and all that doesn't defeat basic math. UBI is not affordable. I know you've heard all the nonsense claims about it somehow being cheaper than existing welfare, it's not. UBI requires nearly infinite resources to fund, at least, nearly infinite from our perspective. I already gave you the numbers, it'd cost a third of our GDP. What would happen if every single thing in society suddenly cost 33% more? A massive recession, millions of homeless, people fleeing to other countries to escape state enforced poverty.
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  25.  @Graeberwave  Well, Youtube has seen it fit to delete my anti-corporatism rant where I described my frustration with the US economy, corporate-government corruption, and how I feel those responsible should be dealt with. I'm an anarchist, use your imagination.
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  26.  @Graeberwave  I'd love to, but Youtube won't let me. If I type a three paragraph response with tons of detail, it vanishes into the void because Youtube hates free speech, just like socialists do.
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  27.  @Graeberwave  Literally no point. I could spend 20 minutes writing up a detailed critique of the state and corporations, and Youtube would delete it. I'm not playing this game on a platform controlled by censorious scumbags.
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  28. People like myself who actually make shit will be pissed off that we're being robbed and will stop working. With less income to tax, you either need to end UBI, raise taxes even higher, or print tons of money to fund it, creating inflation.
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  29.  @gerrardcorner6199  Healthcare isn't free in Europe either. The taxpayers pay for that with higher income tax.
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  30.  @Llortnerof  More expensive, yes, worse, no. The quality of care is generally as good or better than anything in Europe, with some exceptions. Sometimes new drugs don't get approved due to corruption/ enforced monopoly for a competing, inferior drug. American health care is extremely expensive due to, frankly, corruption and lobbying of the medical industry. The US health care system is what is called a "public private partnership" which is a nice sounding way of saying the government enforces a monopoly of the industry on behalf of "private" companies. This system has the superficial appearance of a capitalist system since private companies are the primary forces behind it, but in reality, it is much closer to the psudeo socialist system used by the armband enthusiasts and bad spaghetti man from the world war sequel. The corporations are private in name only, they are basically extensions of the state in every way that matters.
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  31.  @uncreativename9936  "Forgive" the debt? The US government doesn't hold all that debt. Even if they did, it's the taxpayers being forced to foot the bill either way through either increased taxes, or higher inflation. There is no way you can make it out where giving students free college doesn't end up basically stealing money from those who don't attend in order to pay for it. If our public schools were better, I wouldn't consider it a waste. Considering how ideologically captured the schools are and how poor the quality of education they provide is, I'd encourage everyone to seek alternatives wherever possible. I'm a huge advocate for charter schools, and tax credits for home/ private schooling. People are already paying to send their kids to school, at least let them choose where to send them. I'm a huge advocate for people seeking trade jobs/ apprenticeships rather than college. Our public schools have been infected with what is effectively a huge ponzi scheme that is funneling tons of unsuspecting young adults into decades worth of debt for a degree that will be useless to them, all for the benefit of "private" colleges. Any "private" institution which receives huge amounts of public funds or support from the government (on taxpayer dime, of course,) is private in name only.
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  32.  @Llortnerof  Part of this is that our food is very unhealthy. And yes, part is the cost of the care, as you stated, combined with increasing rate of poverty in real terms. The private-public partnership arrangement is what leads to the prohibitively high cost.
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  33.  @bodiless99  Yes, that's the point. I'm being forced to pay into a pyramid scheme which I will never get a penny out of.
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  34.  @williamjacobs  UBI is like feeding a duck in a park. It gets fed every day, so it no longer forges for food. If it ever had to fend for itself again, it would likely starve because it hasn't practiced the skills necessary to forge in a long time.
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  35.  @williamjacobs  Yes, or else reinstating strict limits on how long someone can stay on these benefits.
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  36.  @williamjacobs  There would be a lot less working poor if 20% or more of their income didn't go to taxes. Sure, minimum wage still wouldn't be doing great, but virtually no one stays at minimum wage for long, minimum wage jobs are held almost exclusively by people who are just entering the work force for the first time.
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  37. We have structured our welfare system to punish anyone who tries to make money. It's only purpose is to keep people poor and unemployed.
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  38. Or we could just lower taxes on people who work for a living.
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  39. Look at any socialist country, or Native American tribal lands. It's not good.
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  40.  @acgrizzle7530  You have completely failed to address the core point. Giving them $36,000 made them poorer than giving them nothing at all.
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  41.  @Living_End  You failed to address the main issue. Giving them 36k made them poorer than giving them nothing at all.
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  42.  @Living_End  That was the ENTIRE POINT of UBI. To give them a chance to make themselves self sufficient. It did exactly the opposite. This study had impossibly good conditions way better than real world UBI would. It was literally free money with no strings attached and no economic consequences, and it made them poorer, straight up. Real UBI would require a colossal tax increase, cause an extremely high rate of inflation, cause the cost of food, clothes, housing, rent to all rise sharply. All of this to make people less self sufficient and poorer, even before factoring in the increased cost of everything. There are literally no upsides to UBI.
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  43.  @Living_End  If you're just a socialist who is determined to ignore evidence of why socialism can't work, just admit it. Stop pretending to be objective if you're going to choose to ignore all the evidence that socialism is garbage.
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  44. That was socialism for the rich. The banks were bailed out on taxpayer dime. They didn't lose a cent, the taxpayer lost trillions.
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  45. It's training people to be pets to the government. That is not how you create functioning members of society.
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  46. Socialism doesn't work, who could have guessed?
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  47. UBI is just socialist wealth redistribution. I can hardly think of a better way to destroy wealth than punish people for creating it and reward those who don't.
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  48.  @BaddeJimme  Police in several states such as New York actually protect squatters from being evicted by the property owner, in some cases arresting the home owner for trying to enter their own home which was taken over by squatters. The government is totally illegitimate. It's better to take matters into our own hands. I am perfectly capable of evicting squatters myself.
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  49.  @BaddeJimme  I'd love to respond to that, but last time I tried, Youtube deleted my comment. 1. The government of some states facilitates squatting and arrests homeowners for trying to enter their own home once it's been occupied 2. I don't need to rely on police to deal with them.
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  50.  @ThatsMrPencilneck2U  No he wasn't, he was a communist.
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