Jacob (EconAnarchist 🏴)
19.4K posts
Jacob (EconAnarchist 🏴)
@NeedlesslyWordy
Politics, Philosophy, and Economics. Special interest in Political Philosophy and Political Economy. Bodybuilder, Personal Trainer, Remedial massage therapist
Katılım Ağustos 2016
1.2K Takip Edilen391 Takipçiler
@philosophymeme0 This is like the 15th time you have posted this and it gets dumber every time
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@ilhandogus "we will definancialise politics by making finances subject to political control."
English
Yes, taxing you won't finance the salary of teachers as it destroys your money, but it would work to reduce your power on politics, universities and media. It would also work to definancialise the economy.
Jacobin@jacobin
Billionaire Jeff Bezos says redistributing his wealth “won’t help.” “You could double the taxes that I pay, and it’s not going to help that teacher in Queens. I promise you.”
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@edugaresp Don't mistake a shift along the demand curve for a shift of the demand curve.
English
Eso es. Ahora cambiad "acciones" por "vivienda" y ahí tendréis que, a mayor precio, mayor demanda, no menor.
Ëadweard@erafael_ramirez
@edugaresp La demanda aumentaría, atrayendo inversores por las promesas de un crecimiento constante.
Español
This is the state of anti-YIMBY thinking. Unbelievable levels of cope.
Patrick Condon@pmcondon2
This needs to be posted from time to time. Bottom line, the more you build the more housing costs. Correlation is not causation but my god!
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@tonyannett >"the world we lost"
>France immediately after ww2
insane boomer nostalgia
English
The world we lost. What was once considered perfectly normal for a capitalist economy would be considered communist today…
Thomas Piketty@PikettyWIL
New on inequalitylab.world: Taxing Wealth & Enrichment: Lessons from 1945 French National Solidarity Levy, by P Brassac Bottom line: French 1945 ISN was less ambitious than German 1952 Lastenausgleich, but confirms that capital levies can play a major role to face new challenges prod.wid.world/www-site/uploa…
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@AzizSunderji It can be complicated but that complication is part of supply and demand.
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“It’s not complicated” (or “it’s just supply and demand dummy!”) re: something that is actually enormously complicated merely signals you’re in the grips of some serious Dunning-Kruger.
Saad Asad@realsaadasad
San Diego fell from 5th to 12th most expensive rental market by building more multifamily housing per capita than any other California city. This is what happens when you actually build. The lesson isn't complicated.
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@VeganVampire__ @BareLeft But how do you know what is profit versus just renumeration.
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@NeedlesslyWordy @BareLeft Sell at cost just means with no profit margin.
Remuneration for drivers or whoever else is a completely separate argument.
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"please just look at the small number bro, don't look at the ten-figure profits, please bro, please :("
Matthew Bowles@Matthew__Bowles
Supermarkets have profit margins of between just 2% and 4%. Price caps have a long history of producing shortages, weaker supply and many empty shelves. Britain went down that path in the 1970s - it didn't end particularly well...
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@VeganVampire__ @BareLeft Why?
What does it even mean to sell at cost, what is the appropriate renumeration for a delivery driver how much more can they be paid before it's undue profit for them.
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@BareLeft Nationalise supermarkets, to be honest.
I don't care about the supposed small margins (some of the claims are dubious). There should be no profit in distributing food.
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@pmcondon2 Force all urban design students to do a course in econometrics right now.
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@pmcondon2 You can argue markets do not reliably produce low-cost housing, but it's embarrassing for a PhD to not understand basic causal relationships, and how a chart of different cities can't show the effect of building new houses on prices within a city.
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This needs to be posted from time to time. Bottom line, the more you build the more housing costs. Correlation is not causation but my god!
English
Marx absolutely workers could consume more use-values over time as productivity increased, including labour-intensive goods. The point was more that capital accumulation increases dependence on capital, and allows the capitalist class’s wealth/power to grow faster than labour’s.
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If prices exploded, that points more plausibly to monopoly power, credential inflation, student loan systems, IP law and institutional pricing rather than directly revealing labour-values.
And Marx's point about immiseration wasn't about consumption of less services.
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This is a very loose use of Marx.
Organic composition of capital explains falling surplus value in mechanized sectors, and tendencies in profit rates. It does not explain rising service prices.
It's question begging that labour-time needed for textbooks is relatively stable.
A. Castañón@ascensoconcreto
1/3 Se trata de una contradicción objetiva: los trabajadores somos más ricos y más pobres a la vez. Para resolverla, Marx desveló 2 leyes capitalistas: 1. El valor de la fuerza de trabajo disminuye paulatinamente: el salario da para menos y somos más pobres. …
English
@ascensoconcreto You are playing very fast and loose here to try and apply Marx
x.com/NeedlesslyWord…
Jacob (EconAnarchist 🏴)@NeedlesslyWordy
This is a very loose use of Marx. Organic composition of capital explains falling surplus value in mechanized sectors, and tendencies in profit rates. It does not explain rising service prices. It's question begging that labour-time needed for textbooks is relatively stable.
English
1/3
Se trata de una contradicción objetiva: los trabajadores somos más ricos y más pobres a la vez.
Para resolverla, Marx desveló 2 leyes capitalistas:
1. El valor de la fuerza de trabajo disminuye paulatinamente: el salario da para menos y somos más pobres.
…
@jason@Jason
They updated the most legendary chart on twitter What stands out?
Español
@tonyannett Of course you know this because there is no economist that doesn't know that tax progressivity is descriptive not normative, and are just being stupid on the internet for brownie points.
English
@tonyannett It's quite reasonable to think of it in net-taxpayer terms as well, where the very wealthy pay more in taxes then they get in government transfers and others get more in transfers than they pay, and that would also be progressive taxation.
English
Does he think we’re stupid? What he’s describing is extreme inequality. Imagine if Bezos owned 100% of income and wealth. He’d pay 100% of the taxes and everyone else would pay zero. For Bezos, that qualifies as super progressive.
Jeff Bezos@JeffBezos
Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.
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