How to steal so that those who are robbed actually believe they are being made better off!

Santa-Unicorn

Keynesian economics defined and explained: an economic theory whereby the rich steal from the poor who are made to feel grateful because they are led to believe they are benefitting from the money taken from them and parcelled out by governments to be spent by their friends.

It may create hardship, but it is a stable sort of hardship in its own way, with the voters coming back for more at every election.

Carbon taxes may be a new means of achieving the same end but through a different form of deceit.

This entry was posted in Economics on the left, Global warming and climate change policy. Bookmark the permalink.

16 Responses to How to steal so that those who are robbed actually believe they are being made better off!

  1. Allen

    A man who steals $300,000 from the citizens of the state, and then steals another $1,000,000 to try to cover it up gets elected in a landslide. Go figure.

  2. NB

    Hey Steve Kates, You just wrote an political economy text book, and it only took about 100 words.

  3. Lutz

    Steve,
    Are there any thoughts out there as to what will eventually happen with all the debt in the world. No country seems to be debt free and the world (official) debt exceed $100 Trillion. True debt is higher again. Eventually the piper has to be paid (maybe the undertaker).
    Maybe there is an attitude that fiat money has become irrelevant and if debt goes to 1000 Trillion we just keep counting and it is never repaid. The other end of that stick can only be extreme inflation to remove the debt. Any ideas on the outlook?
    Lutz Jacoby.

  4. Shy Ted

    Nice to see the top of the crime-fighting list is DV. Certain parties who have been in the news must be rubbing their hands with glee.

  5. Leo G

    Sit navis erit ruat caelum.
    (Let there be justice pogey, though the heavens fall!)

  6. Iampeter

    Carbon taxes may be a new means of achieving the same end but through a different form of deceit.

    And first brought to us by conservatives not progressives.

    Also, where did you get that picture? The idea of asking for a government that “doesn’t violate my rights” is so spot on that I’m surprised to find it here. Especially from someone who supports tariffs and regulating immigration, etc…

  7. J.H.

    So you admit that “Carbon Taxes” are wrong Iampeter…. Good for you.

    Maybe she’s talking about the unelected bureaucratic elite that live off those taxes and cynically deceive and manipulate the political system to their own ends and abuse the power and continuity invested in their institution…. But socialism supports that, so Iampeter supports it too, because he’s a rebel an’ stuff. 😉

    As for Margret Thatcher and Carbon Dioxide emissions… She later admitted she acted on bad advice. There was also a Union busting/ political side to the UK’s “coal mining” back then, which goes to show that science has no role in politics other than as cover for certain political decisions… which should be remembered when talking about “climate science”. I like the way you accepted that fact Iampeter.

  8. Mark M

    Quote of the day:

    French carbon (sic) tax protester: “It’s going to trigger a civil war and me, like most other citizens, we’re all ready.”

    “They take everything from us. They steal everything from us,” said 21-year-old Laura Cordonnier.

    Far left leader Jean-Luc Melenchon explained to BFMTV the historical importance of this issue in the Gallic mindset: “When tax is no longer agreed to, it’s the start of revolutions in France.”

    https://apnews.com/d3033b920af449b594e66b51890b517b

  9. billie

    The French are well practiced at rioting when they don’t like stuff, I used to think it was just bad form, now I think we should consider it.

    Like the lefties rioting to indicate their intolerence, I think we should lower our tolerence of poor governence, but should we riot?

    Have to think about this, as clearly letter writing and forming on line agreemeent groups does bugger all

    Mabe it is time to go back to the barricades (probably a song in that you know)

  10. John Bayley

    The French are well practiced at rioting when they don’t like stuff…

    The main problem with the French though is that they generally riot in favour of *more*, rather than less socialism.
    They also have no issue with taxes – as long as those fall on the ‘rich’ though.
    Whoever that may be these days in the Frenchistan Caliphate.

  11. Nob

    Lutz
    #2871543, posted on November 25, 2018 at 2:43 pm
    Steve,
    Are there any thoughts out there as to what will eventually happen with all the debt in the world. No country seems to be debt free and the world (official) debt exceed $100 Trillion. True debt is higher again. Eventually the piper has to be paid (maybe the undertaker

    My guess is that money would lose value and/or lenders would lose their appetite for lending.

    But then I’m not an economist not have I studied economics.

  12. Angus Black

    I’ve always thought as the “car burning season” as peculiarly French political commentary and, now, it seems, they have another string to their bow.

    Anyone toasting Macrons over an open fire would have my vote 🙂

  13. Mark M

    Get out your hi-vis jacket …

    “Australia’s food and grocery manufacturing industry has gone backwards under the weight of sluggish domestic demand, drought, and rising electricity costs, prompting warnings a further fall could trigger a wave of local jobs moving offshore.

    “Capital investment is at its second lowest level in the last 10 years and for me this is the biggest concern, because it affects the future sustainability of the Australian food and grocery manufacturing industry,” Ms Barden said.”

    https://www.abc.net.au/news/rural/2018-11-26/food-and-grocery-slump/10550498?smid=ABCRural-Twitter_Organic&WT.tsrc=Twitter_Organic&sf202985106=1

  14. Iampeter

    So you admit that “Carbon Taxes” are wrong Iampeter…. Good for you.

    You’re confused. I’ve always opposed green policies as its not a function of government. This is as opposed to you, many posters here and conservatives in general, who led the way in building green governments and then suddenly started opposing green policies when progressive political parties started implementing them too. As Rafe said in another thread, whitewashing conservative culpability in this mess, it’s “unhelpful” to look before 2008. I’ll bet it is. But the reality is, the issue came about well before 2008 and evading this is par for the course with conservatives.
    You’re second paragraph is even more confused, but your third paragraph re Thatcher, is the typical free pass conservatives always give their own.
    There’s no such thing as “bad advice” in politics if you have principles and a coherent ideology, which conservatives do not. Anyone who is right wing should be able explain why environmentalism is not a function of government and that would be that. Thatcher couldn’t do this as most conservatives can’t, because they are not really right wing or very politically coherent. Instead they mostly act moment to moment, issue to issue.
    So any short term gain to solve the problem of unions, is offset by helping create a green bureaucracy in the long term. This is an example of what happens when you are unprincipled and don’t have an ideology.

  15. MACK

    Daniel Andrews has just given a masterclass on Keynesian economics. Fortunately he will still be in power for a few years to take the blame for the massive deficit he has run up.

  16. LGS

    Far left leader Jean-Luc Melenchon explained to BFMTV the historical importance of this issue in the Gallic mindset: “When tax is no longer agreed to, it’s the start of revolutions in France.”

    Unsurprisingly, according to the GetUp crowd and other mindless drones on blogs like Andrew Bolt’s, these rioters are all on “the far-right,” and it’s a case of “what is it with the right and violence?”
    Most of the rioters are too the left politically, and indeed labour unions (hardly right-wing”) are behind the riots.

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