Comments by "佐々木楓(^.^)" (@Kaede-Sasaki) on "Something Has Changed in the U.S. Economy" video.

  1. Shhh. Nobody tell this guy that the US govt back in the old free market days heavily favored some companies over others by high tariffs that almost completely funded the federal govt.🤫🤫🤫🤪 "From 1790 to 1860, average tariffs increased from 20 percent to 60 percent before declining again to 20 percent. From 1861 to 1933, which Irwin characterizes as the "restriction period", the average tariffs increased to 50 percent and remained at that level for several decades. From 1934 onwards, which Irwin characterizes as the "reciprocity period", the average tariff declined substantially until it leveled off at 5 percent." 1790 tariffs 95% of fed budget 15% rate $4.4 million collected ($131 million in 2022) 1830 tariffs 88% of fed budget 35% rate $22 million collected ($712 million in 2022) Kept around 80%-90% for much of the 18th and 19th centuries.
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  2. Exactly. The level of taxation is hardly representative of a capitalist country. You can have a socialist country that has low taxes or a capitalist country with high taxes. Capitalism means you have privately owned capital ("those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year"). Socialism implies that the certain capital (the means of production) are owned by society (usually through the govt). Legal security has nothing to do with the economic system. You can have capitalist countries with lawless gangs, corrupt judges who accept bribes, and crime through the ceiling. Capitalism has nothing to do with democracy. Capitalist countries can be as authoritarian dictatorship as it's communist counterpart (eg south korea prior to late 80s).
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  3. @24killsequalMOAB  Sorry, but thats the same "no true scotsman" fallacy that socialists use when saying true socialism doesn't end up as authoritarian dictatorships and poor. The capitalist system is used by both democracies and dictatorships.
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  4. Shhh. Nobody tell this guy that the US govt back in the old free market days heavily favored some companies over others by high tariffs that almost completely funded the federal govt.🤫🤫🤫🤪
    2
  5. Shhh. Nobody tell this guy that the US govt back in the old free market days heavily favored some companies over others by high tariffs that almost completely funded the federal govt.🤫🤫🤫🤪 "From 1790 to 1860, average tariffs increased from 20 percent to 60 percent before declining again to 20 percent. From 1861 to 1933, which Irwin characterizes as the "restriction period", the average tariffs increased to 50 percent and remained at that level for several decades. From 1934 onwards, which Irwin characterizes as the "reciprocity period", the average tariff declined substantially until it leveled off at 5 percent." 1790 tariffs 95% of fed budget 15% rate $4.4 million collected ($131 million in 2022) 1830 tariffs 88% of fed budget 35% rate $22 million collected ($712 million in 2022) Kept around 80%-90% for much of the 18th and 19th centuries.
    2
  6. The level of taxation is hardly representative of a capitalist country. You can have a socialist country that has low taxes or a capitalist country with high taxes. Capitalism means you have privately owned capital ("those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year"). Socialism implies that the certain capital (the means of production) are owned by society (usually through the govt). Legal security has nothing to do with the economic system. You can have capitalist countries with lawless gangs, corrupt judges who accept bribes, and crime through the ceiling. Capitalism has nothing to do with democracy. Capitalist countries can be as authoritarian dictatorship as it's communist counterpart (eg south korea prior to late 80s).
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  7. And soon, MMT economics
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  8. Exactly. The level of taxation is hardly representative of a capitalist country. You can have a socialist country that has low taxes or a capitalist country with high taxes. Capitalism means you have privately owned capital ("those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year"). Socialism implies that the certain capital (the means of production) are owned by society (usually through the govt). Legal security has nothing to do with the economic system. You can have capitalist countries with lawless gangs, corrupt judges who accept bribes, and crime through the ceiling. Capitalism has nothing to do with democracy. Capitalist countries can be as authoritarian dictatorship as it's communist counterpart (eg south korea prior to late 80s).
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  9. "America is socialist for the rich, rugged individualist for everyone else." - MLK
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  10. Fdr was more for workers rights, right to unionize, and the freedom from want. This "left" is more concerned about identity and expression, while giving lipservice to pay increases. Go look at videos from second thought to see how an actual socialist (you know, the lefties) see America. It isn't moving to the left at all. The system is stuck in the ratchet effect
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  11. Shhh. Nobody tell this guy that the US govt back in the old free market days heavily favored some companies over others by high tariffs that almost completely funded the federal govt.🤫🤫🤫🤪 "From 1790 to 1860, average tariffs increased from 20 percent to 60 percent before declining again to 20 percent. From 1861 to 1933, which Irwin characterizes as the "restriction period", the average tariffs increased to 50 percent and remained at that level for several decades. From 1934 onwards, which Irwin characterizes as the "reciprocity period", the average tariff declined substantially until it leveled off at 5 percent." 1790 tariffs 95% of fed budget 15% rate $4.4 million collected ($131 million in 2022) 1830 tariffs 88% of fed budget 35% rate $22 million collected ($712 million in 2022) Kept around 80%-90% for much of the 18th and 19th centuries.
    1
  12. The level of taxation is hardly representative of a capitalist country. You can have a socialist country that has low taxes or a capitalist country with high taxes. Capitalism means you have privately owned capital ("those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year"). Socialism implies that the certain capital (the means of production) are owned by society (usually through the govt). Legal security has nothing to do with the economic system. You can have capitalist countries with lawless gangs, corrupt judges who accept bribes, and crime through the ceiling. Capitalism has nothing to do with democracy. Capitalist countries can be as authoritarian dictatorship as it's communist counterpart (eg south korea prior to late 80s).
    1
  13. The level of taxation is hardly representative of a capitalist country. You can have a socialist country that has low taxes or a capitalist country with high taxes. Capitalism means you have privately owned capital ("those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year"). Socialism implies that the certain capital (the means of production) are owned by society (usually through the govt). Legal security has nothing to do with the economic system. You can have capitalist countries with lawless gangs, corrupt judges who accept bribes, and crime through the ceiling. Capitalism has nothing to do with democracy. Capitalist countries can be as authoritarian dictatorship as it's communist counterpart (eg south korea prior to late 80s).
    1