Saturday, August 2, 2014

WWII: The Unnecessary War : Pat Buchanan on AntiWar Radio

Robbery isn't robbery, cuz old people

And speaking of Social "Security"

Here's why Pay-As-You-Go Social Programs are all Ponzi schemes:

1 retiree consumes the taxes paid by 5 workers. Those 5 workers when they retire consume the taxes paid by 25 workers. Those 25 workers when they retire consume the taxes paid by 125 workers. Those 125 workers when they retire consume the taxes paid by 625 workers. Those 625 workers when they retire consume the taxes paid by 3,125 workers.

You see where this goes: very quickly, the number of workers required to keep the Ponzi scheme afloat exceeds the entire workforce.

The only way to keep the Ponzi scheme going is to keep raising payroll taxes on the remaining workers, which is precisely what welfare states (i.e. every developed economy on the planet) has done.

But raising taxes merely extends the Ponzi scheme one cycle. Eventually, taxes are so high that the remaining workers are impoverished. Right now, the U.S. has reached a ratio of 2 full-time workers for every retiree. As the number of retirees rises by thousands every day and the number of full-time jobs stagnates, the ratio will slide toward 1-to-1-Our Ponzi Economy

The average Social Security benefit is $1,230 a month or about $15,000 a year. It takes the payroll taxes of roughly 10 million low-wage workers to fund 1 million retirees receiving $15,000. The system needs another 57 million decent-paying full-time jobs to be sustainable in it's current form, i.e. the ratio of full-time workers to beneficiaries needs to rise back up to 3-to-1.-The Problem with Pay-As-You-Go Social Programs: They're Ponzi Schemes

Fabulous Fords of the 50s

The Critics of Marxism

Friday, August 1, 2014

The Big Picture

Every Samuel L. Jackson "Motherf*cker"...Ever

Cop Stomps on Man’s Head

Kid Confronts Cop Breaking the Law

Good comment at YouTube: You should give cops as much shit as possible for every little infraction they break because they give you as much shit as possible for every little thing you do. This is why the police are the way they are, because everyone's too scared to call them out on their shit

Quote of the Day: Gridlock

Gridlock is more or less a myth in regard to the government's "getting something done." Just look at the countless actions the government is currently taking, most if not all of them harmful on balance. Now consider that neither party has used its blocking ability to prevent these policies and actions from becoming a routine part of the government's functioning. Where was the alleged gridlock when it might have done some real good? The myth of gridlock is actually part of the larger myth of a two-party state, when the reality is that in regard to at least 99 percent of what the rulers do, they are in agreement. The news media and politicians' emphasis on gridlock serves to distract the masses from the overwhelming domination the government as a whole exerts over its victims (that is, over most of us).- Robert Higgs

The Worst Fords In History

Gerald?
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