Skip to comments.Five Economic Reforms Millennials Should Be Fighting For ["Make Everything Owned by Everybody"]
Posted on 01/04/2014 1:40:02 PM PST by grundle
4. Make Everything Owned by Everybody
Hoarders blow. Take, for instance, the infamous one percent, whose ownership of the capital stock of this country leads to such horrific inequality. "Capital stock" refers to two things here: the buildings and equipment that workers use to produce goods and services, and the stocks and bonds that represent ownership over the former. The top 10 percent's ownership of the means of production is represented by the fact that they control 80 percent of all financial assets.
This detachment means that there's a way easier way to collectivize wealth ownership than having to stage uprisings that seize the actual airplanes and warehouses and whatnot: Just buy up their stocks and bonds. When the government does that, it's called a sovereign wealth fund. Think of it like a big investment fund that buys up assets from the private sector and pays dividends to all permanent U.S. residents in the form of a universal basic income. Alaska actually already has a fund like this in place. If it's good enough for Levi Johnston, it's good enough for you.
(Excerpt) Read more at rollingstone.com ...
I couldn't fit "barf alert" in the heading, but that's just what this article is.
I wonder if the writer was playing Lennon’s Imagine in the background while he composed this bolshevik!
And the end result will be poverty injustice for all.
I’m certain our overseers will be fine.
Great Idea! I think I should own some of Microsoft. And then *I* can make all the plans for the computing world...
What? You mean some faceless bureaucrat will make all those decisions from Washington?
Well, I guess that would be alright, all the best and smartest people work for “the government”. They can decide for me what kind of computer I want
I'll bet this Rolling Stoned turd thinks he the first one to come up with this idea. LOL! Sorry Skippy, it's been tried numerous times. It doesn't work.
Let’s start with a Hollywood tax. It’s not fair that the good looking people that can memorize lines get that much wealth. Friggin libs
This is just a hit piece pushing Marxism. “Abolition of private property” is a chief theme of the Communist Manifesto’s second chapter.
For Rolling Stone, giving their magazine away for free would be a step up since they are probably having to pay people to read it now.
Buy them up with what? The government is broke, you Commie idiot.
This lovely idea of equality will work...in heaven.
1: BARF! (This is a millennial talking/barfing)
2: I wouldn’t wipe my a$$ with that rag.
We should all share our grades, too.
Then, everbody can get a ‘C’ no matter what.....this will eliminate Inequality for sure.
Then, we would all be equal and we would all be the same with the same shot at opportunities, especially where scholarships are concerned.
While I liked John Lennon’s music and many things about him (he supposedly told his driver he’d have voted for Reagan in 1980 over that boob Carter) it doesn’t pay to put my credence in rock song lyrics. Imagine no possessions? Well, not Yoko Ono, who fought Paul McCartney tooth and nail for decades over the rights to Beatles songs. You can bet that if this crazy proposal ever went into effect, the owners of Rolling Stone magazine and many of the “celebrities” they writs about would be on the first plane to the banks of the Cayman Islands and Monaco, tax exiles to protect the property they advocate be “communalized”.
IF these folks would work even ten percent as hard for the producers as they do the takers, this nation would be in far better shape.
I wonder if the writer has anything of value. I think I’ll go help myself to it. His car, his beer, his woman (if she’s not a coyote).
Ah, Jesse? Drugs are bad, m’kay?
I was surprised once to hear a mainstream pastor speak about this. And that it WON'T be “equal” in heaven. He had lots of scripture to back him up. Scripture about “your rewards will be great”, etc. I'm guessing nobody will notice though.
Back at Thanksgiving I was reading a thread on here with the diary of the leader of the Pilgrims (Bradford?). After the failed communial living they went to a market based economy, and he said something like “Why did we think we could change the rules of God?”
Yeah - I’d already read some of those awesome comments before I posted the article here.
But if the embargo was lifted, and Wal-Mart offered them 10 times as much, leftists would complain that it was too little.
I stopped renewing my subscription well over over a decade ago. But it was once a great read.
Yes, Marx even said the entire manifesto could be summarized as the abolition of private property.
Yeah, I had that argument with a guy handing out the Daily Worker in the 80s where I went to Med School. Said I should make the same as the Janitor, since we both “ contributed to the hospitals operation”. Asked why I should spend my time and money in Med School, his answer, “ I should want to do my part”. Yeah that’s gonna work in the long run.
YOU grew up. The guy handing out the Daily Worker didn't.
Everyone paid the same, including doctors ... they tried that in Russia ... friends of my in-laws told about going to a Russian hospital for medical care, and the ward’s cat was busy having kittens in the same bed.
That’s probably coming our way with Obamacare, but, anyway ...
Apparently the writer of the article never read any history.
“Buy them up with what?”
Like, use some of those way cool student loans, man! Or maybe Mom and Dad can give him a few bucks to like, invest, like, or whatever, man! /s;)
He doesn’t want to buy the stocks and bonds, he wants the government to buy them. And then send him the interest and dividends.
Apparently the writer of the article never read any history
He's not the only one. There are SOME FReepers who make some interesting comments which show their ignorance of history, especially historical books. [not you!]