Monday, August 19, 2013


Without profit there can be no taxes. All taxes are takings from profits. For if there is no profit, in short order, any firm gets put to ruin. There is no way to pay for needed capital — products that yield goods in production of something else.

So all should see at once, that Elizabeth Warren either is weak-minded, possessing childish belief about reality or is a disingenuous trickster. Her claims ought to lead anyone to see that she does not get at all authentic economics.

Putting aside that social contract is rhetorical fiction, let's address Lizzy's points.

Warren: You moved your goods to market on the roads the rest of us paid for.

Me: Bureaucrats and technocrats gave a poorly planned road system in which they have not designed anew to match changing needs nor have they maintained their road system. It's no different than investing once, letting one's machines depreciate to uselessness and still expect to earn from machines that no longer produce.

To pay for those roads, through income taxation, you forced everyone to either pay for go to prison.

Warren: You hired workers the rest of us paid to educate.

Me: Save a few college majors and grad school pursuits — accountants, engineers, lawyers, doctors — most educated must get trained to do actual work. Nearly all majors have no work correlation. It is no different than a supplier sending parts of all the wrong sizes and colors.

Warren: You were safe in your factory because of police forces and fire forces that the rest of us paid for.

Me: Policemen arrest people after the fact. Factory owners hire private sector security firms and install private sector made security gear to prevent crime. Also, factory owners buy private sector insurance to insure against loss.

Firemen put out fires. This is after-the-fact work after loss and damage happens. Factory owners install private sector made fire retardant gear to prevent fires.

Thus, before there can be roads, cops, firemen, and state-educated people, there must be production and profit.

Her own words indict, try and convict her. Elizabeth Warren does not get at all, commerce, jurisprudence and thus reality.

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