At some point, the seemingly idealistic Libertarian claim that taxation is theft will start becoming very realistic.
It might make sense to read some Rothbard in case it catches on.
"The standard of living does not simply depend on some total physical output of production; it depends much more on the proper distribution or proportioning of the various specific production factors in producing a well-balanced composition of a variety of consumer goods."
- Hoppe
Before socialist bros interpret this quote as a call for bureaucratic redistribution:
That's not the point being made. Proper distribution here means that production follows demand rather than arbitrary edicts.
Prices are allowed to rise and fall with demand in such a way that producers are able to satisfy the demands of consumers. Consumers control the allocation of capital by voting with their wallet while buying goods and services in the market. Producers have to constantly readjust based on consumer preferences, which will keep changing. Hence, over time, their demands are satisfied, while producers also profit off of it.
That's how the overall standard of living is raised.
GDP, income distribution, per capita income, export numbers, production metrics, visual evidence are all useful indicators for determining how the economy of a particular region is doing. But their usefulness is limited.
Nah I was reading his book The Theory of Capitalism and Socialism
And randomly thought it needed to be said 😂
Calling Hoppe a fascist is retarded.
"To abolish liberty is to abolish action. To abolish action is to abolish life."
https://mises.org/mises-wire/axiom-action-and-inescapability-liberty
>>The proposed changes in laws will be possible only after you get the power to change. As I said, there is no airdrop. How can you get the position of power?
The role I have chosen for myself is to educate. And I am not willing to compromise and I never will. You asked for a 'libertarian transition plan', and I have given you a brief overview of it. I have attached it at the end of the post in case you have not read it.
It's upto you to make up your own mind. If you're interested in electoral politics, these are the folks you'll have to check out:
(I am not affiliated with them)
>>I would like to close down all government banks?
Not close them down, but privatise them and make them adhere to the organic rules of the market.
>>Let shops run free from regulations?
Yes, because regulations exist to favour big businesses and corporates and to kill competition. They cause monopolies. They cause corruption.
They are used by bureaucrats to fleece shop owners with so many bribes that they can't even operate businesses properly and profitably.
>>We will remove all mandis (APMC) ?
Yes, mandi monopoly should be broken up. People can then form competing voluntary mandi networks all over India. With the internet, this is more than possible.
>>Let everyone keep guns?
Yes, the police don't protect people from thieves, rapists, trespassers and murderers. They arrive 30 mins late to the crime scene. Everyone has the right to defend themselves and their property from aggressive criminals.
>>Let the free market fix your roads and let them charge you what they want?
Villagers, town people, city people can get together and fix roads by getting money from people who want the roads to be fixed in advance. The payments don't have to come later for usage. The market will arrive at the best solution.
>>Will any person stay 2 mins after hearing this?
Yes, they will and they have. I have spoken to many people.
Here's a brief overview of the transition plan again in case you haven't read it:
I'm sorry you feel that way. But socialism is not the way to go.
You demanded a 'libertarian transition plan' for India, so here is a brief and short overview of it:
1. Regarding RBI:
It's not about burning the RBI to the ground. It's about going on a sound money standard. For now, we can do Gold as it is widely recognised as a good form of money. Maybe Bitcoin when it is more widely recognised. But not now.
A Gold-backed Rupee would be better for everyone in the country. Money needs to hold its value or appreciate in value. That's how people can save and increase their wealth and think about long-term goals.
In the current system, whatever people earn as wages depreciate in value because the RBI keeps printing money. This means price of everything keeps going up. No amount of wages or salary is enough and they run a rat race without being able to grow their wealth and provide for their family.
On a sound money standard, prices of everything will go down with increased productivity. This will make things affordable for everybody. This is what happened in other countries that had a Gold standard like Switzerland and the US before the widespread creation of central banks in the early 1900's.
Banks have no reserves. For every ₹100 that you deposit, they only hold around ₹20 to ₹30. The money that people deposit in banks have been given out as loans.
When the bank fails bceause of irresponsible loans, the entire society pays for it. Because depositor money is virtually lost.
People store their money in banks for
A) Safekeeping
B) Earning interest
The functions of (A) and (B) are merged, so both funds are loaned out. Those who deposited for safekeeping also lose their money when banks go belly up.
We need full-reserve banking and the separation of the two functions. RBI bailing out banks will make them even more irresponsible with depositor funds.
Countries like Scotland and Canada had banks without central banks in which banks had to be responsible with user funds to survive.
Interest rates are centrally planned right now. The market interest rates are determined by the amount of savings and investment that the economy demands. Interfering with this means there is distortions that occur in this ecosystem.
Banks usually lend out a lot more if interest rates are below the market rates, causing bubbles that will burst eventually, causing wide-spread recessions that affect everyone through job losses, bankruptcies and market crashes.
Banks will not lend out enough if interest rates are kept above the market rates, causing liquidity crunch, stagnation and poverty. This means no new jobs, new companies and entrepreneurs.
Market-driven interest rates will satisfy the demand of the economy and adjust accordingly. You can think of the market as a spontaneously adjusting mechanism.
So the solution is
i) Gold-backed Rupee
ii) Full reserve banking
iii) Market-driven interest rates
Whether or not the RBI exists is immaterial as long as these principles are followed.
2. Regarding agriculture
Farmers need to be able to protect their land from trespass and theft. This is why property rights are necessary. If the law protects property rights, then farmers can feel safe and produce things the best possible way to feed the country. What they do is of utmost importance to this country.
Even the government shouldn't be able to take their land away unless they pay the market rates, rather than guideline rates. This ensures farmer welfare and protection.
Fertiliser subsidies are destroying the health of the soil. This not only impacts the capital value of the land, but it also makes the land less fertile for growing crops over time. Removing any barriers and taxes on producement of materials and produce required for organic farming would help farmers grow crops in a more sustainable way.
An example of a company doing this:
MSP causes surpluses. Because whenever you implement a support price below the market clearing price, people are incentivised to produce more of it.
Evidence: Almost every single crop that has MSP is in surplus production. This diverts production away from other crops that the market has a demand for and people need for their nutrition.
And if you give MSP for a crop that is resource-intensive to produce, this also causes destruction of the environment, water shortages, excess electricity usage. Perishable crops go to waste.
Price controls that set the price below the market clearing price will result in shortages. Because farmers won't be able to profit from the crops they sell anymore. If they can't profit, whatever they have invested cannot be taken back. Most crops that have price controls are in shortage.
Any restrictions that exists on farmers being able to sell at places where people buy from them need to be removed. We want all farmers to be wealthy and productive. We want the soil to be fertile and used in a sustainable manner.
Income tax should not be introduced for farming at any point in the future. It doesn't exist now. It should exist ever. Taxation is theft. This means GST should also be abolished as it is a bad tax.
Going on a gold standard means more savings for farmers and people who work in the farms. They will be able to save up, buy capital and engage in more complex farming practices.
Cash cannot be discouraged because that's what workers earn in. Even if they have mobile phones, cash is better because it is private.
Land ceiling needs to be removed so that farmers are able to accumulate more land and grow more crops.
India has the some of the most fertile lands in the world and we are destroying it rather than replenishing it.
Farmers should be able to buy and sell land easily so that they can build roads using their savings without relying on corrupt cronies and bureaucrats who don't build good roads.
3. Manufacturing
People should be able to set up manufacturing plants without licenses. No registration or permits should be required for producing things that the market demands.
If factories pollute, they can be sued under property rights law because changing the physical state of an owned property (one's own body) would be illegal under libertarian law.
People in a village should be able to form a company and assign ownership of a nearby forest so that a large corporation cannot come and simply take over. Since it is already owned, it cannot be taken away from them. The village can decide what the best use of the land is. This goes for water as well.
Property rights does not have to mean large corporates or rich people. It can also be about a group of people inhabiting a town.
The reality is that unowned resources will be taken over by the companies. Assigning ownership to it is the best way to protect these resources while avoiding corruption and cronyism.
If a company then buys up the land, those who previously owned will also benefit because they get the price they demanded, which can be used for other welfare-related expenses like setting up schools and hospitals.
After buying up land, the company or factory should be able to produce goods and profit from it so that they can satisfy the demands of the market. No GST, Cess, Excise or tariffs should exist on procucrement of raw materials (Same goes for farmers when they procure necessary things as well)
Companies need to be profitable and expand production, so they should be able to buy and sell at prices that are set by the market.
Prices, like interest rates, are spontaneously determined by supply and demand of materials and goods. Intervening in this will cause unnecessary surpluses and shortages.
No subsidy should be given to small companies or big corporations because that would divert production away from things the market actually demands.
Corporate taxes should be abolished so that companies can keep their profits and expand production.
Minimum wages below the market wage rate causes unemployment because companies that we willing to pay a wage below the market rate will be unable to hore workers who are willing to work at that rate.
Wages will increase in purchasing power since we are on a gold standard. Workers will be able to save up and since, according to our plan, there are no restrictions on starting a business, acquiring land and raw materials and machinery, they can become producers and create more jobs.
More savings > more companies > more jobs > more overall wealth.
All of this while the environment is not destroyed as those who want to preserve is already own it and will not sell. It cannot be taken away from them as property rights are fundamental and not even the government can take it away.
4. Services
We are doing well in this sector, but any restriction on forex income should be removed.
This will make sure that people are exporting their services to people all over the world.
They can make connections and bring in investment into the country.
Any restriction on setting up an internet connection by small and medium businesses should be removed. This way, internet access can be expanded and be accessible to all at rates which are affordable. More supply of internet services will push the prices down.
This will improve the delivery of education and healthcare services to people all over India remotely.
Anyone can use the internet to sell their produce, raw materials, finished goods. People can set up online businesses for their local crafts and make it widely known all over India. Since no restrictions exist to start a business, this is possible.
5. Education and Healthcare
Indian system of education will be revived. Local setting of curriculum and syllabus will be permitted so that parents can choose to teach their kids in the way they want to. Sound money not only enables savings and productivity, it also frees up time for parents to spend on raising their kinds in the proper way that they see fit for their respective children.
Indian healthcare systems like Ayurveda and Siddha will not have any restrictions imposed on them. Their methods will be allows to exist along with modern medicine.
Doctors will have to earn their reputation through associations. Teachers as well. Government licensing of these things will only result in corruption. They will have to go.
5. Decentralisation
Local governments will be given primacy over the central and state governments.
Local governments can make local laws that pertain to their circumstances, provided that it doesn't vioate the natural law.
Which brings me to:
6. Law, Police and courts
Reforming the Law in accordance with the natural law will make everything that I mentioned above possible and viable.
It means physical aggression, trespass, theft, murder, rape, slavery, serfdom, physical coercion will be illegal.
Contracts will be based on trasfer of ownership titles rather than promises.
Provision of law in accordance with the natural law will be permitted at local levels. The final court of appeal will initially be the supreme court, and over time it will transition to alternative system of appeals where the second or third appeal will be considered final.
Defense agencies, provided that they abide by the natural law, will emerge to protect people and their property. They will be used in subscription models or insurance models.
Procurement of firearms is for the purpose of defense, not offence. Thieves, rapists, murderers will always exist. And every man and woman have the right under the natural law to defend themselves against these criminals. Any violation of the natural law while using firearms will be punished by the courts when the case is taken to them.
Punishment will be delivered in proportion to the crime commited after due process, presumption of innocence and natural justice.
Natural law is interpreted, not made. The job of the law and courts is to find facts, proofs, victims and deliver justice. Not to make new laws and corrupt it.
There are many other areas that are not covered here, but what I've written so far will suffice for now.
That tracker bot shaming me immediately 🤌
The more I argue with fiaters, socialists and statists, and the more I hear their justifications for these systems, the more I start seeing why they are incredibly wrong.
Their systems require everyone to believe in lies, deceit and propaganda.
They are 'positivist' programs that require constant brainwashing, repetition of lies, manipulation of language, abdication of personal responsibility and the imposition of a person's arbitrary will on peaceful people regarding how they use their body and the things they own.
There is a considerable amount of subtle agenda in media, movies, TV shows, politics, education and policy that further the validity of such programs in ways I cannot pinpoint very well as of yet.
There is a certain set of political and economic literature you read to deprogram yourself and arm your mind with defensive internal responses, so that you won't be manipulated anymore. It's super hard to set up such defenses, but it's necessary if you want to be sane.
You can of course do so without reading a single book. It's just that the intellectual apparatus of these programs have entrenched themselves in social discourse to such an extent that 'common sense' itself has been subverted.
There certain things that are implicitly accepted by you and everyone around you as you go about your day to day lives.
Examples of such things being
•Killing, stealing and agressive violence are criminal, immoral and wrong, no matter who does it and how many people believe otherwise.
•Violence to defend yourself from murderers, thieves and aggressors is absolutely permissible.
•It is better if the money you use appreciates in value rather than depreciating.
•What comes in has to exceed what goes out. Savings is absolutely necessary.
•The Law applies to every single person in the world. And there is such a thing as a good Law and a bad Law, which can be judged using Reason.
•Truth exists, although it is hard to observe, find and realise.
Though self-evident upon reflection, public discourse seems to consider all of the above unfashionable or simple-minded. It is what it is, but I am happy about having unfashionable and simple-minded ideas.
Sound money, Private property and Liberty.
This is the way.
GM
So all we need to do is pay more taxes to change the weather and make quantum computing possible
Just went through some of the excerpts from Hayek's 'Constitution of Liberty'.
When it comes to political theory, Hayek's not it. Nope.
I highly recommend playing a sport early in the morning every day.
Much better if it's with the boys.
Do not give in to evil, but proceed ever more boldly against it.
Alby Hub is adding support for Bolt12 offers
