lol in his response to Peter's last video on the minimum wage, I asked him if we raise the minimum wage to $20, would that mean we don't need to raise anymore.
he said that eventually things would be more expensive and we would need tor raise it again. eventually we need to raise the minimum wage to millions/hr just to buy 3 eggs.
anyways, i think this guy is crazy. he just wants carnage.
I think the difference between Zimbabwe and the US is that the US has more direct control over the 'game' and is in a better position to dictate the rules of the game.
Only the government would be able to pay it's people millions of dollars per hour. But some of it would filter down to the private business so they would be earning half a million per hour. But that does nothing for the Rubik's cube people who are selling their cubes for a million each.
The economic advice I would give Obama is to change the propaganda in the US and to eliminate mortgages in order to be more 'competitive' with the Chinese model. However, I don't think it's possible or necessary to compete further in the production of junk.
What's more important to the US economy right now? The housing market or the farms? What are they trying to 'stimulate?' Certainly not the bulldozing of houses to grow food.
I'm trying to figure out how the formula for the growth of land values for housing displaces land for agriculture. This would be in values per square foot. Next vid, I suppose. The premise is to stop it, I suppose.
That would be the production of tractors. The question would be now "How long does it take to construct one tractor?"
If it takes the 1,000 laid-off farmhands one week to make a tractor, then that tractor had better make a profit for those thousand workers to last their whole life. Either that, or increase the spread of agriculture in order to sell more tractors to keep those thousand workers employed.
I'm not on the side of replacing one problem with another. I'm after the truth and would like to develop that and inject that into those who might be the future leaders of the world. Schiff was right on many things, but is the future about real change or just a variation of more of the same?
Yes, tax the robot and transfer those funds to the increase of minimum wages, which is what the whole debate was all about. If a tractor displaces a bunch of field workers, the robot must now be taxed to feed the displaced workers.
Very nice! Schiff is a highly intelligent, and cogent, observor of the economy... but he has a crude understanding of how wages are integral to circulation of capital for proper production/consumption dynamics to take place; keep capitalism functioning properly under a democractic/egalitarian superstructure
Nice vlog.
CUCProductions 2 years ago
lol in his response to Peter's last video on the minimum wage, I asked him if we raise the minimum wage to $20, would that mean we don't need to raise anymore.
he said that eventually things would be more expensive and we would need tor raise it again. eventually we need to raise the minimum wage to millions/hr just to buy 3 eggs.
anyways, i think this guy is crazy. he just wants carnage.
ch1kusoo 2 years ago
I think the difference between Zimbabwe and the US is that the US has more direct control over the 'game' and is in a better position to dictate the rules of the game.
Only the government would be able to pay it's people millions of dollars per hour. But some of it would filter down to the private business so they would be earning half a million per hour. But that does nothing for the Rubik's cube people who are selling their cubes for a million each.
The world is in carnage, not me.
BankRampage 2 years ago
Is this Obama's Economic adviser?
zzzDiamondzzz 2 years ago 2
No, he is just another idiot
thegermanandre 2 years ago
The economic advice I would give Obama is to change the propaganda in the US and to eliminate mortgages in order to be more 'competitive' with the Chinese model. However, I don't think it's possible or necessary to compete further in the production of junk.
BankRampage 2 years ago
What about the production of food?
thereallurker 2 years ago
What's more important to the US economy right now? The housing market or the farms? What are they trying to 'stimulate?' Certainly not the bulldozing of houses to grow food.
BankRampage 2 years ago
You have some good questions and the premise in those questions just may be the problem.
thereallurker 2 years ago
I'm trying to figure out how the formula for the growth of land values for housing displaces land for agriculture. This would be in values per square foot. Next vid, I suppose. The premise is to stop it, I suppose.
BankRampage 2 years ago
what about all the jobs the tracker created?
endthefed 2 years ago
That would be the production of tractors. The question would be now "How long does it take to construct one tractor?"
If it takes the 1,000 laid-off farmhands one week to make a tractor, then that tractor had better make a profit for those thousand workers to last their whole life. Either that, or increase the spread of agriculture in order to sell more tractors to keep those thousand workers employed.
BankRampage 2 years ago
OMG! You are an idiot!
endthefed 2 years ago
show us your face, chink
sujajajjaakakajjs 2 years ago
honestly, i don't know what side this guy is on.
ch1kusoo 2 years ago
I'm not on the side of replacing one problem with another. I'm after the truth and would like to develop that and inject that into those who might be the future leaders of the world. Schiff was right on many things, but is the future about real change or just a variation of more of the same?
BankRampage 2 years ago
Tax the production of robots in order to support human consumption until such time that a use can be found for the displaced human and their family.
sonnybrakes 2 years ago
Yes, tax the robot and transfer those funds to the increase of minimum wages, which is what the whole debate was all about. If a tractor displaces a bunch of field workers, the robot must now be taxed to feed the displaced workers.
BankRampage 2 years ago
fuuuck
who asks for this fucking guy ??
Geilheid 2 years ago 3
Comment removed
Due4Revolution 2 years ago
Very nice! Schiff is a highly intelligent, and cogent, observor of the economy... but he has a crude understanding of how wages are integral to circulation of capital for proper production/consumption dynamics to take place; keep capitalism functioning properly under a democractic/egalitarian superstructure
CamusFTW 2 years ago
Comment removed
CamusFTW 2 years ago