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On May 30 2013 21:13 coverpunch wrote:Show nested quote +On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I would add to this point that subsidizing higher education is a direct transfer of wealth to the future rich. The irony is that living in a high-tax system where we all agree higher education is a necessary (but not sufficient) condition for future wealth means that you are entrenching wealth even further by allowing the rich to transfer wealth to future generations of wealthy individuals, who the current rich and powerful are likely to ensure are their own children. EDIT: I will conclude that education is a symptom but not a cause for why the United States is so much more unequal than the rest of the OECD. High-tax countries have social mobility equal or better than US, seems to contradict what you are saying, unless I miseunderstood your point ? The whole mechanism you described seems suspect. Subsidizing higher education means children of poor people have easier access to higher education, thus improving social mobility.
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On May 30 2013 21:29 coverpunch wrote:Show nested quote +On May 30 2013 13:07 KwarK wrote: My heart does not bleed for the plight of the super rich. Nor does the argument that the economy will grind to a halt due to a lack of ambitious economic activity if you punish it too much (when too much is any punishment at all) have any basis in reality. You want to be very careful making statements like this. In fact, stifling potential is the norm for our species and unleashing our productive capacities through ambitious economic activity is the exception. You look at any period of history before the advent of free markets and at countries that deviate away from economic freedoms and you see stifled potential and economies grinding to a halt all the time. (EDIT: Although economic freedom is a necessary but not sufficient condition for a prosperous, free country. You can have capitalist countries that are not prosperous. But you cannot have a country with no capitalism that is prosperous.) Will economic activity grind to a halt in the United States because the capital gains tax rate rises from 15% to 35%? No. But the operative question is whether increased tax revenue will exceed the discouragement to potential investors. Democrats insist yes, it will bring in a lot of tax revenue and more. Republicans say it won't bring in as much tax revenue and it will discourage markets more than projections are showing. I think Republicans severely exaggerate the problems such policies will cause although they're not entirely incorrect, and it's fine to point that out. But you've been led to a line that is not defensible. Level of capitalism is the important factor. You can easily have prosperous countries that limit capitalism to great extent and poor countries that do not. It seem the necessity is for some level of capitalism, but after that there is no real direct correlation with prosperity.
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On May 30 2013 23:31 coverpunch wrote:Show nested quote +On May 30 2013 21:55 Melliflue wrote:On May 30 2013 21:13 coverpunch wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I would add to this point that subsidizing higher education is a direct transfer of wealth to the future rich. The irony is that living in a high-tax system where we all agree higher education is a necessary (but not sufficient) condition for future wealth means that you are entrenching wealth even further by allowing the rich to transfer wealth to future generations of wealthy individuals, who the current rich and powerful are likely to ensure are their own children. EDIT: I will conclude that education is a symptom but not a cause for why the United States is so much more unequal than the rest of the OECD. I'm not sure I understand your argument, but what I think you're saying is that if university is subsidised by the government then the children of wealthy individuals are more likely to be wealthy when they grow up. However, I think the exact opposite is true; if there were no government subsidising at all then only the children of wealthy individuals could afford to go to university and become the 'future rich'. Having subsidised education benefits the children of poor individuals. I'm saying that a high-tax system with a premium on degrees leads to a system where access to elite degrees gets limited to the people who are currently paying most of the taxes. IMO this has less to do with de facto education. The simple fact is that technology has enabled access to elite educations for anyone who is motivated enough to look. Schools like MIT and Stanford present all the lectures in podcast form with homeworks and tests that actual students do. If you want it, it's out there. But we live in a society that increasingly cares less about education and more about degrees. Everyone who works in an office has stories of knowing someone who has tremendous academic pedigree who is, in reality, a blithering idiot. But we still operate mostly under the assumption that a person who graduated from Harvard is smarter and more capable than a person who graduated from Arizona State (sorry). Hell, we're having this entire discussion because we operate under the assumption that a college educated person has more skills and knowledge than a person who did not. In conclusion, I'm not implying at all that government should not subsidize anyone's education. But it needs to be subsidized only to support people who have an appropriate need to go to university but may not have the means. I think to blindly support a blanket subsidy for anyone to go to college whether they plan to study or spend four years drinking is ridiculous. Ah ok, but then your argument seems to be more along the line of - we do not actually need 100% (or even 70%) of the population going to universities and getting degrees. That is quite reasonable.
EDIT:typo
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On May 30 2013 10:42 Wegandi wrote:Show nested quote +On May 30 2013 10:15 coverpunch wrote:On May 30 2013 09:14 aksfjh wrote: Funny, the state with the highest unemployment benefits (Mass.) has an unemployment rate at least 0.5 pp lower than the national average. Somebody should tell those suckers that their free time is more valuable and they should act more selfishly. But you realize you might be pointing the causation arrow in the wrong direction, right? Massachusetts might have the highest unemployment benefits because they have the lowest unemployment and the state can afford to be generous. My argument is an axiomatic one. He is going to have to show through reason and logic where I've made a mistake. It is the same thing with minimum wage laws, or price controls when it comes to rent. These are economic laws. Never mind the fact he is wrong and Mass. does not have the highest unemployment bene's (that would be Hawaii). There are a lot of factors that play into unemployment and simply going - X state has this bene's and X unemployment rate is entirely farcical. How you can exclude the thousands of other factors, or simply isolate one factor is quite frankly impossible. We know by logic that unemployment benefits sustains unemployment levels until such time as it runs out (if you haven't noticed, most people on unemployment bene's don't start looking for a job until a few weeks out from when UI ends), just as minimum wage laws create unemployment by raising wage rates above market levels. Now you can argue whether that is good or bad, but the fact is these things do cause and sustain unemployment. Arguing the opposite...well, is like arguing gravity does not exist. Reason and logic are helpful, but ultimately not enough. You need empirical evidence. So called economic laws are based on idealistic assumptions more often than not and without empirical support are useless as all purely logical arguments are based on arbitrary axioms that might or might not have anything to do with reality. For example your statement that minimum wage laws create unemployment is not actually true in reality, you might have compelling logical argument, but that just means that axioms you chose are not aligned with reality. I can prove nearly anything through logic by picking specific axioms that suit my conclusions. That is why the whole Mises-Rothbard ideology is just formal game that cannot reliably tell us anything about real world.
As for my claim about unemployment, empirical evidence suggests that the link is far from as clear cut as you claim and in many scenarios there is no such impact.
Gravity has empirical evidence, your claims mostly don't.
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Libertarians lost all their credibility when they left the republican party. They have zero relevance in us politics and anyone telling you different is lieing to you. Ron paul has less elect-ability then if bush was able to run again for president. Rand paul should be happy if hes ever even considered for the vice presidency. The two party system isn't going away for better or for worse and anyone not in one of those 2 parties should.
Does someone know a good book discussing the pros and cons of a 2 party system and the multi party system found in other countries?
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On May 31 2013 00:51 Sermokala wrote: Libertarians lost all their credibility when they left the republican party. They have zero relevance in us politics and anyone telling you different is lieing to you. Ron paul has less elect-ability then if bush was able to run again for president. Rand paul should be happy if hes ever even considered for the vice presidency. The two party system isn't going away for better or for worse and anyone not in one of those 2 parties should.
Does someone know a good book discussing the pros and cons of a 2 party system and the multi party system found in other countries?
They have no electibility, but RP has been pretty influential in throwing in bits of libertarianism into tea party kinds of stuff. Agreed that Rand will never have a place in even a vice candidate seat.
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On May 31 2013 00:51 Sermokala wrote: Libertarians lost all their credibility when they left the republican party. They have zero relevance in us politics and anyone telling you different is lieing to you. Ron paul has less elect-ability then if bush was able to run again for president. Rand paul should be happy if hes ever even considered for the vice presidency. The two party system isn't going away for better or for worse and anyone not in one of those 2 parties should.
Does someone know a good book discussing the pros and cons of a 2 party system and the multi party system found in other countries?
What credibility do the Republicans have? You can stand with Rand, or Graham/McCains. The entire point of my rant is you cannot blame just about any of 'our' problems as a country on Libs. Try hard.
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A third letter similar to the ricin-laced letters that were sent to New York City Mayor Michael Bloomberg and his pro-gun control outfit Mayors Against Illegal Guns was also addressed to President Barack Obama, NBC4 New York reported Thursday.
The report cited "law enforcement sources," who said the letter to Obama did not reach the White House and is currently being tested for ricin. It arrived Thursday at an off-site facility, according to NBC4.
The content of the letter mirrored the message in the Bloomberg letters, which warned "what's in this letter is nothing compared to what I've got planned for you."
Source
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Does someone know a good book discussing the pros and cons of a 2 party system and the multi party system found in other countries?
As far as books on 4 party go, look up the Progressive Era in America. Roosevelt's Bull-Moose party ect ect.
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On May 30 2013 22:08 TheTenthDoc wrote:Show nested quote +On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something).
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On May 31 2013 02:26 JonnyBNoHo wrote:Show nested quote +On May 30 2013 22:08 TheTenthDoc wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something).
I think he does a opportunity cost analysis alongside the payscale ratings. At least that's what it sounded like from the interviews I saw popping up.
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On May 31 2013 02:43 TheTenthDoc wrote:Show nested quote +On May 31 2013 02:26 JonnyBNoHo wrote:On May 30 2013 22:08 TheTenthDoc wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something). I think he does a opportunity cost analysis alongside the payscale ratings. At least that's what it sounded like from the interviews I saw popping up. Could be possible he's using the current economy as the (new) norm, so that would skew the benefit down a LOT. Debt burden has grown while job prospects have diminished, so there's a double whammy against ROI.
Then, of course, there is always the claim that colleges boost their employment and pay claims by lumping in graduates that are working outside their field.
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On May 31 2013 02:43 TheTenthDoc wrote:Show nested quote +On May 31 2013 02:26 JonnyBNoHo wrote:On May 30 2013 22:08 TheTenthDoc wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something). I think he does a opportunity cost analysis alongside the payscale ratings. At least that's what it sounded like from the interviews I saw popping up. Depends how he uses the numbers. It's really easy for something like that to not be apples to apples.
On May 31 2013 03:12 aksfjh wrote:Show nested quote +On May 31 2013 02:43 TheTenthDoc wrote:On May 31 2013 02:26 JonnyBNoHo wrote:On May 30 2013 22:08 TheTenthDoc wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something). I think he does a opportunity cost analysis alongside the payscale ratings. At least that's what it sounded like from the interviews I saw popping up. Could be possible he's using the current economy as the (new) norm, so that would skew the benefit down a LOT. Debt burden has grown while job prospects have diminished, so there's a double whammy against ROI. Then, of course, there is always the claim that colleges boost their employment and pay claims by lumping in graduates that are working outside their field. The new norm might not change things much. Unemployment hits harder on those without degrees.
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On Tuesday, Colorado Gov. John Hickenlooper signed several historic measures to implement marijuana legalization in the state, establishing Colorado as the world's first legal, regulated and taxed marijuana market for adults.
Hickenlooper, a vocal opponent of marijuana legalization who said that "Colorado is known for many great things, marijuana should not be one of them," signed the first bills in history to establish a legal marijuana market as well as starting the development of a regulatory framework for the cultivation, distribution, and processing of industrial hemp.
"Recreational marijuana really is new territory," Hickenlooper said at Tuesday's signing. And although the governor has expressed opposition to marijuana legalization in the past, he called today's pot bills "common sense," the AP's Kristen Wyatt reported.
Jack Finlaw, Hickenlooper's chief legal counsel, said although they were opposed to marijuana legalization, "the will of the voters needed to be implemented."
"We applaud Gov. Hickenlooper for the initiative he has taken to ensure the world's first legal marijuana market for adults will entail a robust and comprehensive regulatory system" said Mason Tvert, director of communications for the Marijuana Policy Project, who served as an official proponent of Amendment 64 and co-director of the campaign in Colorado. "This marks another major milestone in the process of making the much-needed transition from a failed policy of marijuana prohibition to a more sensible system of regulation."
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Even as the Boy Scouts of America moves to allow gay youths to join its troops, the California Senate on Wednesday passed a bill that would revoke the organization's nonprofit status because it does not permit the participation of openly gay adults.
"They are out of line with the values of California and should be ineligible for a tax benefit paid for by all Californians," Sen. Ricardo Lara, D-Bell Gardens, said as he introduced his bill. "SB 323 brings our laws into line with our values."
The measure calls for revoking the tax-exempt status of youth groups that discriminate against participants on the basis of sexual orientation or gender identification.
While the text of the bill does not specifically mention the Boy Scouts, analyses of the legislation and discussion among senators Wednesday made clear that it targets the organization.
"We've given the Boy Scouts ample time to solve their discrimination problem. And they've chosen a path that still leads to discrimination," Lara said of the organization's recent vote to allow participation by gay youths.
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On May 31 2013 03:28 JonnyBNoHo wrote:Show nested quote +On May 31 2013 02:43 TheTenthDoc wrote:On May 31 2013 02:26 JonnyBNoHo wrote:On May 30 2013 22:08 TheTenthDoc wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something). I think he does a opportunity cost analysis alongside the payscale ratings. At least that's what it sounded like from the interviews I saw popping up. Depends how he uses the numbers. It's really easy for something like that to not be apples to apples. Show nested quote +On May 31 2013 03:12 aksfjh wrote:On May 31 2013 02:43 TheTenthDoc wrote:On May 31 2013 02:26 JonnyBNoHo wrote:On May 30 2013 22:08 TheTenthDoc wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something). I think he does a opportunity cost analysis alongside the payscale ratings. At least that's what it sounded like from the interviews I saw popping up. Could be possible he's using the current economy as the (new) norm, so that would skew the benefit down a LOT. Debt burden has grown while job prospects have diminished, so there's a double whammy against ROI. Then, of course, there is always the claim that colleges boost their employment and pay claims by lumping in graduates that are working outside their field. The new norm might not change things much. Unemployment hits harder on those without degrees. Depressed wages hit everybody though. As long as there are a lot of unemployed, those college degrees will only allow them to bargain for a job, and not increased compensation.
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On May 31 2013 03:53 aksfjh wrote:Show nested quote +On May 31 2013 03:28 JonnyBNoHo wrote:On May 31 2013 02:43 TheTenthDoc wrote:On May 31 2013 02:26 JonnyBNoHo wrote:On May 30 2013 22:08 TheTenthDoc wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote:On May 30 2013 08:21 Wegandi wrote: Ak, why would anyone continue to invest in a venture where the more money you make, the more tax is levied upon you. It simply is not worth their labor and time for such a modest gain I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something). I think he does a opportunity cost analysis alongside the payscale ratings. At least that's what it sounded like from the interviews I saw popping up. Depends how he uses the numbers. It's really easy for something like that to not be apples to apples. On May 31 2013 03:12 aksfjh wrote:On May 31 2013 02:43 TheTenthDoc wrote:On May 31 2013 02:26 JonnyBNoHo wrote:On May 30 2013 22:08 TheTenthDoc wrote:On May 30 2013 18:17 JonnyBNoHo wrote:On May 30 2013 16:55 Melliflue wrote:On May 30 2013 16:10 JonnyBNoHo wrote:Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I'd like to see some evidence to back up that assertion. On May 30 2013 17:09 KwarK wrote:On May 30 2013 16:10 JonnyBNoHo wrote:On May 30 2013 12:52 KwarK wrote: [quote] I'd much rather be a millionaire than not, even if I paid a higher proportion of my income than I do now. If you proposed a plan that would make me one and I thought it'd work I'd absolutely think it was worth my labour and time. I think 99.99999% of people would rather be obscenely wealthy before tax and just extraordinarily wealthy after tax than pay no tax at all on an average income. You'd have to be an anti-tax ideologue not to. That's not really the issue. The issue is either: Getting already high earners (via labor income) to earn more by working more. Them working more means more economic activity, but it's more work - a tough sell if taxes are very high. Or, getting wealthy investors (or an entrepreneur) to part with their capital. The higher the taxes the worse the DCF will look, which holds back investment. Edit: On May 30 2013 13:38 KwarK wrote: The cost of education compared to other countries with more socialised systems and higher tax rates will leave a huge number of people with extraordinary economic potential simply unable to fulfil it due to losing the birth lottery. Again, sure, only making 210k on the 700k between 300k and a million if taxed at 70% is going to be discouraging. But it probably won't be the factor that stops him starting a business, that'll be because he dropped out of school. And yet higher education in the US remains the best deal in the OECD. I was talking about access to education, something which US higher education with its insane cost is arguably the worst deal in the OECD. Saying "but the education is good" misses the point of everything I've said. Going off of the OECD report on education. (See page 33) The cost of higher education in the US is high, but the benefits are very, very high. On net it's a fantastic deal. I'm curious, what do you think of Bennett's cost/benefit analysis? According to him only ~150 colleges are actually a net benefit for a student in the current market (ignoring major selections).but I don't really want to buy his book. His logic seemed fairly sound. It seems like the benefits of "higher" higher education in the United States are keeping pace with costs, but "lower" higher education hasn't been keeping up. Haven't read it myself so I don't know why he places the cutoff ~150 colleges. From poking around he uses the Payscale rankings which show a net benefit quite far down the list (800 something). I think he does a opportunity cost analysis alongside the payscale ratings. At least that's what it sounded like from the interviews I saw popping up. Could be possible he's using the current economy as the (new) norm, so that would skew the benefit down a LOT. Debt burden has grown while job prospects have diminished, so there's a double whammy against ROI. Then, of course, there is always the claim that colleges boost their employment and pay claims by lumping in graduates that are working outside their field. The new norm might not change things much. Unemployment hits harder on those without degrees. Depressed wages hit everybody though. As long as there are a lot of unemployed, those college degrees will only allow them to bargain for a job, and not increased compensation. True, but the unemployment rate for those with bachelor's degree is pretty low. So we don't really know which way things will cut.
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On May 31 2013 01:36 BioNova wrote:Show nested quote +On May 31 2013 00:51 Sermokala wrote: Libertarians lost all their credibility when they left the republican party. They have zero relevance in us politics and anyone telling you different is lieing to you. Ron paul has less elect-ability then if bush was able to run again for president. Rand paul should be happy if hes ever even considered for the vice presidency. The two party system isn't going away for better or for worse and anyone not in one of those 2 parties should.
Does someone know a good book discussing the pros and cons of a 2 party system and the multi party system found in other countries? What credibility do the Republicans have? You can stand with Rand, or Graham/McCains. The entire point of my rant is you cannot blame just about any of 'our' problems as a country on Libs. Try hard. Republicans control the US house of representatives. thats their credibility. You can't blame any of our problems on libertarians because nothing that the libertarians ever do now will ever effect our country either positively or negatively.
Go ask the greens how they feel about the democratic party.
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I haven't been paying attention to US politics for a while but can someone explain to me what happened and why/how the libertarians left the Republicans? What in the world are they doing then?
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On May 31 2013 05:45 koreasilver wrote: I haven't been paying attention to US politics for a while but can someone explain to me what happened and why/how the libertarians left the Republicans? What in the world are they doing then?
They are doing what they have always done. (1) insist on forums they are different than Republicans (2) vote straight Republican in every election
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On May 31 2013 05:45 koreasilver wrote: I haven't been paying attention to US politics for a while but can someone explain to me what happened and why/how the libertarians left the Republicans? What in the world are they doing then? Floundering for the most part.
The Libertarian Party is an American third party that reflects the ideas of libertarianism. The Libertarian Party was formed in Westminster, Colorado, in the home of David Nolan on December 11, 1971.[7] The founding of the party was prompted in part due to concerns about the Vietnam War, conscription, and the end of the Gold Standard.[8] Although there is not an explicitly-labeled "left" or "right" designation of the party, many members, such as Libertarian Party presidential candidate Gary Johnson, say they are more socially liberal than the Democrats, but more fiscally conservative than the Republicans.[9] That would be the official 'when' here's the 'why'.
But probably the most important reason for the collapse of the Old Right was not external blows, but the loss of its own soul and principles. As the older intellectual and political leaders died or retired, a powerful new force arose in 1955 to fill that vacuum. This new force – people grouped around National Review – set out to transform the nature of the American Right, and they succeeded brilliantly. Headed by a brace of shrewd ex-Communists, steeped in Marxist-Leninist cadre organizing tactics, allied to youthful Eastern seaboard Catholics, the New Right determined to crush isolationism, and to remold the right-wing into a crusade to crush Communism all over the world, and particularly in the Soviet Union.
At first, NR had a patina of individualism, in order to capture the considerable amount of Old Right libertarian sentiment and wed it to a policy of global war. The Buckley machine founded Young Americans for Freedom as its youthful political arm. The Intercollegiate Society of Individualists for libertarian-minded student intellectuals, and headed by NR publisher Bill Rusher, moved to capture the College Young Republicans, then the YRs nationally, and finally moved to dominate the Republican Party with the Goldwater movement.
Early in this process, moreover, National Review, in the late 1950s and early 1960s, moved quickly to read out of the New Right, or "conservative" movement, all "extremists" who would prove an embarrassment in its march to power. And so, in a series of purges, the Birch Society, the Randians, and the libertarians (those who remained isolationists) were ousted from the right wing. NR and the New Right were ready to achieve power, which they eventually would attain with the Reagan administration. But the point is that the ideological transformation – into a warmongering and vaguely theocratic movement – was achieved by the early 1960s. The Old Right was dead, and those libertarians who still remembered and cleaved to their principles, were out in the cold.
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