The government is parasitical.

In a fairly simplistic sense, we all live off the production of our fellow men. New Zealand knows this: for about 100 years we were basically a big farm for the UK.

Until  the UK joined the EU. At that point we  had to find other markets for butter, cheese and wool. They did not exist.  We had to make other things, and make them well enough that others would buy them.

So this little rant misses the point.

So, let’s see… Democrats are people who want the government to tax the earned income of the productive class (married men of working age, most of whom are white) and spread that wealth around to the unproductive classes (everyone else). Republicans are people who want to tax the earned income of that same productive class and spread that wealth around to people who own public shares and similar financial investments (i.e. banksters and wealthier retirees) who tend to vote for Republicans.

The point is that if your economy contracts, there is less to share (or tax). And at this point the Chris Rock rule applies:

Everybody need a pre-nup. People think you gotta be rich to get a pre-nup. You got twenty million and your wife wants ten, big deal, you ain’t starvin’! But if you got thirty thousand, and your wife wants fifteen, you might have to kill her!

The debate has to move from dividing or regulating wealth in the USA. Because you owe as much as the Greeks do. And that will have consequences.

No sensible Banker in Zurich, Beijing or Bonn is going to touch you debt. It is now toxic: you cannot repay it. And this means you will inevitably stop being a trading currency. You will have to buy Rembi, NeuDeustcheMarks (yes, they do not exist yet. But swiss gold francs do) or even KiwiDollars to trade.

You cannot divide a cake when there is none. It is not about lazy brown people or stupid white people. It is facing the consequences of running up a few trillion in debt: you can either hyper-inflate, retrench (Increase taxes,  decrease services) and run the massive surpluses required to pay the debt down, or default.

And no amount of race baiting, rhetoric or changing regulations will alter that.

  • Elspeth

    “You cannot divide a cake when there is none. It is not about lazy brown
    people or stupid white people. It is facing the consequences of running
    up a few trillion in debt: you can either hyper-inflate, retrench
    (Increase taxes, decrease services) and run the massive surpluses
    required to pay the debt down, or default.”

    This is Alte’s point, too. As you well know since she is the queen of economic doom and gloom. However, what’s often missing from the right in these conversations is the realization that we are ALL being played. Whether from the parasites on the left or the parasites on the right. TC’s latest posts since the election have spread the blame around equally. We’re balanced like that, :) .

    • http://blog.pukeko.net.nz Chris

      Alte is one of the few people who are as pessimistic as I am about all this.

      Compared with us, Max Kreiser is an optimist.

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