Quote from: TECSHARE on November 25, 2018, 09:52:53 AM

Quote from: coins4commies on November 25, 2018, 06:58:00 AM

Quote from: TECSHARE on November 25, 2018, 01:54:01 AM

Oh he is being unrealistic? That is cute. In the real world companies holding large amounts of real estate that is not in use get tax cuts that effectively reduce their property taxes to zero. Yeah, you are right, who ever heard of speculative investment in real estate right?

In this thread I will say that the government can spend money as long as it stimulates more economic activity and direct you to the "MMT: Modern monetary theory" thread for a more detailed explanation and discussion about how your gold standard era understanding of money is outdated in the context of the USA.

I am aware of hoarding and tax loopholes. Tax loopholes should be closed. I am also aware that although speculative investment happens, it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases.

You can say whatever you like, that doesn't make it true. You don't even bother explaining how Socialism will "stimulate economic activity", you just accept it as a given and everything magically works out. Once again, more theories are useless unless you have empirical data to back up your arguments.

Once again you talk for me. Why even have a debate if you are going to just make up arguments for me yourself and argue them. I never said anything about the gold standard, you did. For about the 800th time, you are the one advocating a change, the burden of proof is on you to support your argument.

"it is unrealistic that every vacant property would be simultaneously off the market to a point where new businesses could not obtain leases."

What the fuck are you even rambling on about?

This has already happened. I already gave you empirical data on the success of Marcora law in Emelia-Romagna. Yes it stimulated the economy. Yes people became happier. Yes that region with 30% GDP coming from worker cooperatives is more resilient during economic crashes that affect the rest of the country. No they did not collapse into inevitable dictatorship.

It should be simple to grasp
1.government spends money
2. businesses are created with that money (buying goods and services from other business)
3. business hire workers who produce goods and services (economic activity)
4. workers are paid, taxes are paid, and those workers go and consume more from the economy