Do I think Vladimir Lenin would have stopped his revolution when presented with the economic truth of the Laffer Curve? No, no I don’t.
Would LBJ have enacted his Great Society after seeing what’s happened to black families in 2010? No he would do whatever it takes to look good for the left.
The Great Society was meant to keep blacks down. Progressives view blacks like Dirlewanger viewed pollacks, as degenerate mongrels that are only useful to unleash upon their enemies. Minimum wage was implemented as a tool for racial eugenics in conjunction with welfare and planned parenthood.
The operation of the minimum wage requirement would merely extend the definition of defectives to embrace all individuals, who even after having received special training, remain incapable of adequate self-support... If we are to maintain a race that is to be made of up of capable, efficient and independent individuals and family groups we must courageously cut off lines of heredity that have been proved to be undesirable by isolation or sterilization.
-Henry Rogers Seager, President of the American Association for Labor Legislation
It is much better to enact a minimum-wage law even if it deprives these unfortunates of work, better that the state should support the inefficient wholly and prevent the multiplication of the breed than subsidize incompetence and unthrift, enabling them to bring forth more of their kind.
-Royal Meeker, U.S. Commissioner of Labor under Woodrow Wilson
[Minimum wages] protect the white Australian’s standard of living from the invidious competition of the colored races, particularly of the Chinese.
I’m suggesting a thought experiment. I’m aware Art Laffer was part of the Reagan administration. I brought up the curve because it’s the most well known Maxim of economic theory besides “no such thing as a free lunch.”
Yes, I was also saying that the Laffer curve doesn't apply to socialism.
It's a concept that is valid only in a free market economy. In a socialist economy people don't choose which jobs to do or how much to work, nor do they pay taxes.
Do I think Vladimir Lenin would have stopped his revolution when presented with the economic truth of the Laffer Curve? No, no I don’t.
Would LBJ have enacted his Great Society after seeing what’s happened to black families in 2010? No he would do whatever it takes to look good for the left.
The Great Society was meant to keep blacks down. Progressives view blacks like Dirlewanger viewed pollacks, as degenerate mongrels that are only useful to unleash upon their enemies. Minimum wage was implemented as a tool for racial eugenics in conjunction with welfare and planned parenthood.
-Henry Rogers Seager, President of the American Association for Labor Legislation
-Royal Meeker, U.S. Commissioner of Labor under Woodrow Wilson
-Arthur Holcomb, Massachusetts Minimum Wage Commission
Laffer Curve does not apply to a socialist economy so it wouldn't have been relevant for Lenin.
Also at the time of Lenin's revolution there was very little economic theory and nobody knew that it wouldn't work in the long run.
The economist who first debunked the planned economy and demonstrated how it cannot prosper was Von Mises in 1920.
I’m suggesting a thought experiment. I’m aware Art Laffer was part of the Reagan administration. I brought up the curve because it’s the most well known Maxim of economic theory besides “no such thing as a free lunch.”
Yes, I was also saying that the Laffer curve doesn't apply to socialism.
It's a concept that is valid only in a free market economy. In a socialist economy people don't choose which jobs to do or how much to work, nor do they pay taxes.
So Lenin would dismiss it.