Then there's the manufacturing jobs he spoke of. National industrial policy, a protectionist command economy, isn't going to solve job losses and business closures facilitated by government decree.
After all, the manufacturing sector bears about 4x the regulatory cost per. . .
. . . employee than the next highest sector of the economy.
They forced those jobs overseas, because domestic industry couldn't produce at a low enough cost as a consequence of the former, thus making their prices uncompetitive.
So, in the end, we're going to pay more for. . .
. . . less, rather than simply gutting the crony anti-capitalist regulations that solely benefit corporate monopolies.
The same is true of state ownership the energy sector in relation to climate change. Privatizing utilities would see lower prices and a more diversified market.
There's an endless list of economic misinformation peddled by Biden tonight, chief among them the suggestion they'll expand taxation for social security.
All taxation for FICA, including the tax paid by your employer, is part of your wage cost, reducing take-home accordingly.
He claims this is not a tax on people earning below $400,000.
It's a blasphemous lie to advance the legislative agenda, because everyone knows workers likely wouldn't even support social security if they knew this.
15.3% of all your earnings already taken for Social Security.
Many men die before they even get a chance to draw from it, too.
2/4 The post-World and Cold War international security architecture, which we built throughout the West, holds this line and prevents them from expanding.
Both the invasion of Georgia and Ukraine evince this reality.
As one who has studied unconventional warfare for a decade, about 5 years ago, I commented on the nature of Russia's techniques, in the below video, re:Russia's initial invasion of Ukraine that began even before 2014.
All these years later, what do we see?
2/ Never has it been more true, and all these useful idiots, who only just ventured into the subject of Russia, in relation to their full-scale conventional invasion of Ukraine, are the supposed experts, despite being victims of precisely what I described would take place.
3/ Russia has been carrying out the mass-brainwashing of western populations in an effort to provision themselves with the ability to carry out their foreign policy objectives.
A not insignificant proportion of my political aisle have tragically succumbed to it.
2/8 My applied theory stems from my background in economics, computer science, unconventional warfare, and civics.
In essence, it would allow for private-sector demand to be expressed in the market for such expertise, which would also create new high-pay jobs by the way...
3/8 ...which would incentivize people to adopt the knowledge requisite to fulfilling such a labor descriptor, ensuring demand for such expertise is met.
Inherently, it would likewise adhere to the principle of decentralization, and you'd see positions first filled where the...
@bobbypearce@EliseStefanik If you wish to learn more about Socialism and Capitalism, I implore you to visit the below resource (references in the description):
1/37 As for the question of privatization, given private firms are able to produce at lower cost and allocation of resources, it's not only beneficial for everyone, but also the environment.
2/37 I suggest we privatize, deregulate, and then provide direct-subsidy to the poor, which can then be expended at private suppliers, leaving the market intact.