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by Maqo » Thu Sep 19, 2013 6:25 pm

by Maqo » Thu Sep 19, 2013 9:27 pm
Xerographica wrote:Maqo wrote:According to Xero, 'excess funding is impossible - it mean the department needs to provide more'. And that if you do somehow 'overpay', then you'll notice very quickly that you have overpaid (presumably through ostentatious displays of wealth by government officials) and not provide as much money next time.
lol.
Because values are subjective, terms like "adequate", "enough", "sufficient" can only be determined by each and every consumer.
But I have really no idea how granular it would eventually end up.

by Maqo » Thu Sep 19, 2013 11:24 pm
Xerographica wrote:Maqo wrote:Because the goods are public, everyone receives all the goods.
Everyone does not receive all public goods...just like everyone does not receive all private goods. If you can understand why it would be stupid for everyone to pay for all private goods, then you can understand why it would be just as stupid for everyone to pay for all public goods.
Maqo wrote:So what is adequate for one person will be not enough for another, but both will receive that amount of goods.
Is your logic applicable to the nonprofit sector?
Maqo wrote:Which means the entire idea of 'optimal provision' of public goods is therefore nonsense, because you can't satisfy everyone - only a compromise which leaves no-one happy.
I have 142 passages in my database that prove that what you're saying is nonsensical. How many do you need me to share with you before you revise your opinion?

by Maqo » Fri Sep 20, 2013 2:08 am
Wealth inequality reflects the fact that some people are better than others at using society's limited resources. It therefore makes sense that some people should have more influence than others over how society's limited resources are used. This results in a greater abundance of the things that consumers want more of.
But it doesn't make any sense to argue that some people are better at using societies resources... but only in the private sector. If somebody is good at using resources to produce things that people want, then this has to be true no matter what the input is or where it comes from. Therefore, we can greatly increase abundance by allowing taxpayers to spend their money on public inputs just like they can spend their money on private inputs.

by Maqo » Wed Sep 25, 2013 1:29 am
Galloism wrote:Alien Space Bats wrote:You mean other than simply ordering Federal agencies to transfer funds and responsibilities back and forth among themselves?
I had a farcical bronze toilet for each agency they could lease back and forth to each other for obscene amounts of money, but that works too.
They could also centralize into "The Department of Stuff" that contains all federal functions.

by Maurepas » Wed Sep 11, 2013 2:22 pm

by Middleton St George » Thu Sep 12, 2013 6:22 am

by Mistelemr » Thu Sep 12, 2013 7:11 am

by Neo Art » Fri Sep 27, 2013 4:50 pm
Xerographica wrote:Galloism wrote:You know, when you keep insisting 2/5 = 1/2, it makes us question if you understand enough mathematics to have even an elementary level understanding of economics.Total tax percentage potentially paid by the above average US citizen, 2013 est. - 59.7% http://www.nowandfutures.com/taxes.html

by Neo Art » Fri Sep 27, 2013 4:54 pm

by Neo-Mlytoria » Wed Sep 11, 2013 3:15 pm

by New Chalcedon » Thu Sep 12, 2013 2:09 am
Xerographica wrote:Our current system is based on the assumption that congresspeople are omniscient. (True/False)
If congresspeople can know, better than society itself, exactly how much benefit society derives from public education...then it has to be true that congresspeople can know, better than society itself, exactly how much benefit society derives from milk. So if we're better off allowing congresspeople to determine how much public education should be supplied, then we're also better off allowing congresspeople to determine how much milk should be supplied.
The fact of the matter is...as a group, millions and millions of taxpayers have infinitely more insight/foresight than 300 congresspeople do. That's why we'd be infinitely better off by allowing taxpayers to decide for themselves exactly how much positive feedback (tax dollars) they give to government organizations.

by New Chalcedon » Thu Sep 12, 2013 10:38 am
Xerographica wrote:Alien Space Bats wrote:So your argument in favor of plutocracy is that the proven wealth and income of the Nation's top 10% makes them the best people to decide what society ought to do, while the proven poverty of the Nation's bottom 50% justifies their disenfranchisement?
Consumers are the best people to decide what society ought to do...and producers are the best people to figure out how society's limited resources can be used to make it happen. By limiting this sanity to the private sector, you're hamstringing producers and screwing consumers. Why do you want to do that? Do you think that the poor benefit when you waste society's limited resources?
Xerographica wrote:Ashmoria wrote:how do I decide what is the best engine to put into the new fighter jet?
You don't, you're a consumer...not a producer. You just decide for yourself whether the DoD is doing more harm than good. And if you don't want to figure it out then you'd simply just give your tax dollars to your personal shoppers (congress).


by New Chalcedon » Mon Sep 23, 2013 6:48 am
Alien Space Bats wrote:Xerographica wrote:Therefore, the invisible hand does not depend on prices. It just depends on people having the freedom to weigh the alternative uses of their limited resources. When people have this freedom, then resources will be put to their most valuable uses. In other words, the allocation of resources will be efficient.
<dropped jaw>
Excuse me?
Price signalling is exactly why free markets in private goods work and command economies in private goods don't.
<pause>
Seriously, are you going for the 2013 NSG Economic Ignorance Award, or what?Dustistan wrote:Efficient doesn't mean desireable, it just means pareto-optimal. If one guy has everything, and everyone else is in abject poverty, it's still "efficient", and might well be the outcome of a given perfectly efficient market.
This, by God.
It continues to amaze me that Xero can imagine that he can apply economic concepts to public finance without understanding economics at all.

by New Chalcedon » Tue Sep 24, 2013 5:45 pm
Alien Space Bats wrote:Xerographica wrote:And you still don't understand the irrelevance of the definitions. It doesn't matter how you define public goods or private goods...the question is how we end up with a greater variety/quantity/quality of the goods that we want more of.
If you think the definitions matter to the process by which we overcome scarcity then please, by all means, present your argument.
But the fact of the matter is, you're simply not seeing the forest for the trees. You're trying to "gotcha" me so bad with trifling details that you're blinding yourself to the very objective and point of economics.
TRANSLATION: "I don't understand anything at all about economics. My lack of understanding uniquely enables me to transcend the petty limitations of the field to come up with economic ideas that are truly breathtaking in their scope and importance, because I can make economics be and say anything I want it to be and say."
You know, there are a score of nutjobs every year who claim to have invented perpetual motion because they're not bound by the limitations of conventional physics and its theories or definitions either.
<dusts hands off>
I believe my work here is done.

by New Chalcedon » Tue Sep 24, 2013 7:03 pm
Maybe he doesn't need to teach you because you already know about economics?
What is the definition of a public good
and how does the definition prevent public goods from being produced in greater abundance?

by New Chalcedon » Tue Sep 24, 2013 9:21 pm
Xerographica wrote:New Chalcedon wrote:Because the non-excludable nature of public goods means that no self-respecting private firm will seek to provide public goods to the public as a whole: they cannot demand payment, and as such will fall under the weight of hordes of free riders.
True, but irrelevant, given that I'm not an anarcho-capitalist.
New Chalcedon wrote:Further, the same free-rider problem (as well as externalities) applies to any attempt to spend public money only where the taxpayers choose in advance: why should I, as a (hypothetical - you wouldn't catch me dead there) Arkansas resident vote to spend money upgrading the Port of New York, instead of on a local roadworks improvement project?
So even though you're sacrificing 50% of your income for the public good, you're still a free-rider simply because you fail to see the benefit of upgrading the port of New York?
Do you think it's at all possible that public projects are not all equally valuable/beneficial?
Is it hard for you to consider that values are subjective? Does it strain your brain to imagine that one person's trash is another person's treasure?
New Chalcedon wrote:And now that I've given a brief insight into one week's content from Microeconomics 100, will you please go and do your research before trying to apply your own personal definitions to every economic problem out there? Or is that too much to ask of a right-wing ideologue like you?
Evidently you don't seem to realize that you failed to explain why the definition of public goods prevents them from being produced in greater abundance. Yes, public goods are non-excludable and non-rivalrous...therefore we have government organizations supply them and force people to pay taxes. What does this have to do with whether or not public goods can be produced in greater abundance? That was my question which you completely failed to answer.
If you had done your research, then you would know that I'm not a right-wing ideologue. My goal isn't to kick even one public good over to the private sector. My goal is not to reduce the tax rate by even 1%. So please stop spewing your pre-recorded and entirely irrelevant arguments at me. Save them for actual right-wing ideologues.

by New Chalcedon » Sat Sep 28, 2013 9:57 pm
Galloism wrote:Xerographica wrote:It's only 1/10 difference between 4/10 and and 5/10. It's just more convenient to say "half" than "two fifths".
So I looked up the US GDP. I just wanted to see.
Your approximation is approximately 1.5 trillion dollars off.
That's a pretty big math error.If you're confident that congresspeople know your preferences well enough to spend half your money...then what argument would you have against them spending most of your money?
Congress doesn't spend half my money. They spend 0%. They also spend 0% of your money.
How you ask? Simple. Once I pay for a product or service, the money used is no longer "mine" in any meaningful sense. It's like asking why I'm ok with Exxon spending 10% of "my" money and why shouldn't I give them the other 90%.
That money, once I purchase the fuel, is Exxon's money, and they can spend it any way the elected Board of Directors chooses to spend it. If they do so poorly, they can be voted out at the next shareholders meeting.
Similarly, once you pay your taxes to the Fed, that money paid is not "yours" in any meaningful sense anymore. It belongs to the Federal government, and the elected congress can spend it any way it chooses. The voters can, at next election, replace them if their work was sufficiently unsatisfactory.

by New Octopucta » Wed Sep 11, 2013 1:35 pm
by Ngelmish » Wed Sep 11, 2013 4:33 pm

by Orham » Fri Sep 27, 2013 10:43 pm
Xerographica wrote:Total tax percentage potentially paid by the above average US citizen, 2013 est. - 59.7%

by Orham » Sat Sep 28, 2013 10:23 am
Xerographica wrote:What difference does the tax rate mean to you? Does it matter to you if the government spends 75% of your money? If so, why? In case you missed it, the main argument of my opponents has been that congresspeople are pretty good at guessing your preferences. If this is the case, then should you really care if the government spends most of your money?

by Orham » Sun Sep 29, 2013 2:46 am
Xerographica wrote:Orham wrote:You said that the public sector composes half the US economy, and when challenged with the argument that government activity actually only composes 2/5 (40%) of the US economy, you proceeded to parade out the claim that the estimated proportion of total tax receipts paid by wealthy US citizens in 2013 is about 59%. Hence my question about the relevance of that statistic for your point.
It's only 1/10 difference between 4/10 and and 5/10. It's just more convenient to say "half" than "two fifths". It's not like my argument is suddenly only going to be relevant to Western Europe but not to the USA...I suggest that this type of mechanism is an important explanation as to why public sector spending in Western Europe as a whole has increased from 35 to over 50 procent of GDP from 1970. - Assar Lindbeck, Overshooting, Reform and Retreat of the Welfare State
Now answer my question. If you're confident that congresspeople know your preferences well enough to spend half your money...then what argument would you have against them spending most of your money?
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