SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Trump Presidency

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lane3 who wrote (131583)8/5/2019 9:42:26 AM
From: Lane3  Read Replies (2) of 355700
 
...The Trumpian view of the economic universe is zero-sum. The pie is fixed, so fight for your share, wall out the other guy. That was uncomfortably close to what we heard from Democrats. One of the favorite phrases in Detroit was “fighting.” Warren said, “I know how to fight.” Harris said, “I come from fighters.” Sen. Kirsten Gillibrand (N.Y.) said, “We need a nominee who will take on the big fights.” Economic expansion, actually, isn’t about fighting. It’s not zero-sum. You want your neighbor to prosper. In the real world, profits aren’t “sucked” out of the system as if by a giant vampire, they circulate and multiply.

The fixed-pie view requires one to fight, because the quantity of spoils is limited. Economics becomes not a response to incentives but a quest for transfers. Zero-sum means anyone getting rich is making you poor. Cue De Blasio’s threat to “tax the hell” out of the rich....

washingtonpost.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext