Discussion about this post

User's avatar
Kumara Republic's avatar

"Trump revives the original populism of President Andrew Jackson (in office 1829–37) whom Jefferson had described as “unfit” for the office."

Also coming to mind are the failed Confederacy leader Jefferson Davis, Andrew Johnson for squashing Reconstruction, and Warren Harding for the corruption.

Expand full comment
Alasdair Thompson's avatar

Very good informative article.

After reading it I concluded I am part Neo-liberal part re-distributionist.

I think major shifts in public policy occur as a reaction to public policy going too far in one direction either slowly over time or suddenly . It’s not a conspiracy. But there are many agents actively trying to wangle an advantage, sometimes collectively. They conspire to achieve that. There is also evil in the world that tortures, enslaves, corrupts persecutes and kills. We see this in many countries. The DRC is but one. Where militias rule by force and fear with the connivance of corrupt governments who stay in power by force and by manipulating election results. Is that a conspiracy? Probably but it’s not hidden. It’s part of a courtroom way of life where a minority hold and excercise extreme power through fear over the populace.

Back to neo-liberalism v socialism. As I said I like a bit of each. For example I support borderless free trade but NOT dumping or states subsidising trade as China does. Likewise I like free enterprise but not without consumer protections.

Ideally I’d like a flat income tax but I appreciate the lowest income people cannot even pay that so I think the basic income needed to meet a reasonable cost of living, maybe $72k pa would ideally be income tax free. Why take money off people to bureaucratically pay them back with Working for Family tax credits? Besides one has to spend that basic level of income to live and that means 15% GST is paid on that spending anyway.

Above $72k, or whatever is chosen as a basic income tax free level income, a flat tax of maybe as high as 48% might be needed.

As with diet and good health, moderation in all things seems to make sense. The same goes for public economic policy.

Expand full comment
1 more comment...

No posts