I actually did place my hand over it. But I’m more of a fan of the:
I’d run for elected office, serve a few terms, and become a lobbyist.
I am getting into the internet marketing thing. Made a site. PlusI am also thinking of doing Export/import after I make something in Inernet marketing. Being in India gives me many advantages for exports/imports.
You don’t need to serve terms to become a lobbyist. Multitask like many of your future colleagues do.
What’s your firm? Van De Lay industries? Any matchstick/potato chip stock?
Nothing like that.
LOL, sorry, it’s a reference to the American television series Seinfeld.
What about doing away with class divisions altogether?
What do you consider to be a “class division”?
What do you consider to be a “class division”?
1% is meant to designate the ownership class. 99% is a useful fiction to create a sense of class solidarity among the rest of us.
I own a house, a car, and some other things. Does that make me part of the “ownership class”?
""I own a house, a car, and some other things. Does that make me part of the “ownership class”?
I think this is where it gets interesting with people who ascribe to Mises’ theories, because you own those things, but you don’t own the construction company, auto factory or bank that made the loans to allow you to get them. Capitalists own those things, sometimes referred to as the means of production.
Well you made a distinction between “the ownership class” and “the rest of us”. With the former, I figured you were referring to a class of people who own things. If that’s not the case, then what do you really mean by “the ownership class”?
Regarding means of production, I think my car is a means of production. After all, it allows me to get to work.
"Well you made a distinction between “the ownership class” and “the rest of us”. With the former, I figured you were referring to a class of people who own things. If that’s not the case, then what do you really mean by “the ownership class”?
“Regarding means of production, I think my car is a means of production. After all, it allows me to get to work.”
Oh boy, here we go on the gravity (and logic) defying Misean Merry-go-round!
Your car does not allow you to extract a profit (unless you have one of those advertising trucks). It allows you to go to work, where hopefully you make enough to pay your bills and debts. Totally different from owning the auto factory.
I think my car does allow me to extract a profit. By taking me to work, it allows me to earn money, which I prefer over the time and effort spent in working at my job. How is that not a profit?
“our car does not allow you to extract a profit”
In a narrowly defined version of the word “profit” maybe not. In the sense of allowing you to get more than you had previously, yes it does.
Autolykos,
The existence of property tax makes your argument a little more nuanced than all that. Existance in this world either requires money, or criminality.
Can you please clarify how property tax makes my argument more nuanced?
So most of the folks on here really see no material difference between the class of investment bankers, central bankers, industrialists, etc and the majority of the population in this country?
For most people, a car is both a consumer good and a producer good. They use it go to on trips and vacations and take Sunday drives, on the one hand, and they use it to get to work and the grocery store, on the other hand. Where’s the merry-go-round?
Clayton -