Re: the future long term financial apocalypse of the USA

On Fri, 24 May 2024, William Hyde wrote:

that we do not live in the past,

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When there were no regulations.

That is incorrect. Regardless of if you had kings, emperors,
proto-democracy etc. there were regulations.
I guess you could look at indian tribes in south america as well and see
if they have killed themselves without a government. The answer is that
they have not. And they do not have a government.

regardless of what happened in the past, that does not mean that it will be the future.

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Kill the regulations and the past will be  the future.

I disagree. I think libertarianism is the next step in the evolution of
society when everyone has completely lost faith in democracy and
politicians. I think you'll find that we will reached unheard of levels
of wealth and quality of life. It is only todays system which holds us
back and creates our wars.

The world evolves and socialism

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Regulated capitalism is not socialism.

Socialism is a spectrum. The regulated capitalism of today is the
socialism of tomorrow. I argue, that most of western europe, where you
pay more than 50% of your income is socialism. In my old life, and the
country where I grew up, the government decides how much vacation I get,
how I should split paternity leave, which school I go to, if I get a
bank account or not, when and where I can buy alcohol and so on and so
on. Couple with my more than 50% of earnings which at that time made me
a slave, is to me, a strong degree of socialism.

has been proven not to

work and cause more death and destruction than good. Which we have experienced in greater amounts in the western world, as the taxes grow higher and higher.

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For the US, top marginal rates in the 1950s and early 60s were above 90%. Taxes were cut in the Kennedy/Johnson administration, against strong conservative opposition.
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The world is more complex than you think.

Booh! Don't try to be an adult. Can I draw you down to my childish level
some more, perhaps? ;)

William Hyde
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