Not a quiz

HBS Guy

Head Honcho
Staff member
Might be interesting if we were all to write a good sized post as to:

What is Neoliberalism and why is it bad?
 

HBS Guy

Head Honcho
Staff member
Neoliberalism is a right wing belief that as much money as possible should be funnelled to those who already are filthy rich.

So despite the Budget situation and horrific public debt huge tax cuts are given to the rich. Trump did it, Morrison here did it.Piblic functions are attacked, defunded and privatised. E.g. attacks on Medicare here, the NHS in England, Medicare in the US plus attacks on Obamacare in he US. TRump lying about having a great health policy.

Shell posted a video about it in the Quiz thread.
 

SethBullock

Moderator
Staff member
Neoliberalism is a right wing belief that as much money as possible should be funnelled to those who already are filthy rich.

So despite the Budget situation and horrific public debt huge tax cuts are given to the rich. Trump did it, Morrison here did it.Piblic functions are attacked, defunded and privatised. E.g. attacks on Medicare here, the NHS in England, Medicare in the US plus attacks on Obamacare in he US. TRump lying about having a great health policy.

Shell posted a video about it in the Quiz thread.
Yes, I watched the video.

Trade and taxation seem to be the issues. I have strong positions on both.

On taxation, I favor a progressive personal income tax system that simply leaves out the underclass. I believe that as one's income reaches into the top 5% and beyond, those progressive rates should get higher and higher. A major fault with the progressive income tax rates in the U.S. is that the highest rate is 37% for income over $523,000. This means that that same rate applies to someone making $700,000 and someone making $20 million. To my mind, that makes no sense.

On the other hand, I do not favor the taxation of domestic business. Philosophically, I see business as simply a legal construct, loosely translated as "people working and collaborating with each other to provide something of value that can be sold, and we shall make our living off the profits." I see business as merely the vehicle through which people earn income. This collaboration and coordination of effort is what we want people to do. We want business to succeed and flourish. So I fail to understand why we would want to burden business with income taxes, generally speaking. I say "generally speaking" because there is an exception.

Here it is ....

If an American-owned company is manufacturing in Asia because the labor is cheaper there, then I think their profits should be taxed.

That would go for Australian-owned companies manufacturing in China or Viet Nam, so that they can offer the Australian people cheaper goods.

I see this as immoral.

It is immoral for westerners to buy cheap goods that were manufactured by laborers working under terrible conditions. It galls me to think that the U.S. fought a devastating Civil War, in part over slavery, and here we are 160 years later buying goods manufactured by virtual slave owners.

And it is immoral to deprive your own citizens of gainful employment, again so we can buy cheap shit.

On trade, I flat do not believe in "free trade". Instead, I believe in fair trade. We buy your goods, you buy ours, on an equitable level.

So, I don't know how you would classify me. If neoliberals want to keep our businesses free of taxation, I agree with them.

But if they believe in free trade, I disagree with them.

And if they want to keep personal income taxes low on the 1%, again, I disagree with them.

Seth
 

HBS Guy

Head Honcho
Staff member
We have signed some FTAs that are flat out bad for the country. This was done by the Liberal (=conservative) government here. I think some clauses inserted by the government are to destroy unionised indiustries. Treason to country but faithful to the big companies that lobby and donate to the conservatives.
 
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