Democratic Socialism/Communism is the only solution to advanced automation & artificial intelligence.

[TruthNotBS]

Both are true and you can try all you want, but combined they are 48% of our annual spending, defense is 13%…

Economist also believed that the telephone business would create unemployment when the operators were not needed anymore.

Just admit it, you’re a communist, you’re lazy and anti social, the good thing you’re a fraction of the people who live in this fantasy world you keep trying to create

WV5903, your understanding of Social Security (SS) and Medicare as primary drivers of national debt is fundamentally flawed. Let's clarify the misconceptions with accurate economic principles and current fiscal realities.

National Debt and Social Programs​

You claim that social programs like SS and Medicare are unsustainable burdens on the national budget. However, these programs are designed to be self-sustaining. Social Security, for example, is funded through payroll taxes. Workers contribute a portion of their earnings throughout their careers, which funds their retirement benefits. This is a pay-as-you-go system, ensuring that current workers support retirees. Alan Greenspan, a respected economist, highlighted that the Federal Government can always meet its Social Security obligations because it can create money. The real challenge is not solvency but ensuring that the economy produces enough real goods and services for retirees to purchase with their benefits.

Misunderstanding Budget Percentages​

Focusing solely on the percentages of the budget dedicated to SS and Medicare ignores significant expenditures elsewhere, such as military spending, which consumes more than the next several countries combined. Additionally, corporate subsidies and tax cuts for the wealthy exacerbate the deficit by reducing government revenue and disproportionately benefiting the rich. This creates greater inequality and misallocates resources that could be used to support social programs.

The Role of Social Programs​

Social programs like Social Security and Medicare are essential investments in human capital. They ensure that individuals who have contributed to the economy can retire with dignity and have access to necessary healthcare. These programs enhance economic productivity by maintaining consumer purchasing power and supporting a healthier, more stable workforce.

The Economic Reality​

The government's budget operates differently from a household budget. The government, as the issuer of the currency, cannot run out of money like a household or business can. Deficit spending by the government injects money into the economy, increasing private sector wealth. The national debt is essentially a record of money spent into the economy that hasn’t been taxed back. This money is held in the form of Treasury securities, which are safe assets that people and institutions want in their portfolios. Reducing the national debt would remove these assets from the economy, potentially destabilizing financial markets and reducing overall wealth.

Addressing You Ignorant, Infantile Personal Attacks​

Regarding your personal attack, labeling communists as lazy is an outdated stereotype that ignores the contributions of workers in socialist and communist societies. Moreover, the advancement of automation and artificial intelligence is pushing us towards a high-tech communism, where production is more efficient and the need for traditional labor diminishes. This transition will render the old capitalist modes of production obsolete, as technology enables a more democratic, non-profit system of production. Communism, in this context, is not a fantasy but the logical successor to capitalism, driven by technological and economic evolution.

Conclusion​

Your arguments for privatization and against social programs are not supported by empirical evidence or economic principles. Social programs are crucial for a functioning, equitable society. By focusing on the real resources available and the productive capacity of the economy, we can afford to provide essential services like healthcare, education, and social security without fearing national debt. This approach ensures a prosperous and fair society for all, moving beyond the limitations of capitalism towards a more just and sustainable future.

 

[Ringo]

Capitalists believe that the threat of being fired makes a person perform better.
The fact that the threat of death did not make slaves the most efficient workers does not bother them.

 

[dblack]

Capitalists believe that the threat of being fired makes a person perform better.
The fact that the threat of death did not make slaves the most efficient workers does not bother them.

Communists believe in "surplus value"!!! LOL

 

[TruthNotBS]

Communists believe in "surplus value"!!! LOL

Surplus value is the way capitalists make a profit. They pay an employee $100 per shift when that worker is producing $300, or $800 worth of products or services daily. Minus the cost of wages and other expenses to run the business, what is left is net profits, a.k.a. "surplus value"—basic capitalist economics.

 

[dblack]

Surplus value is the way capitalists make a profit. They pay an employee $100 per shift when that worker is producing $300, or $800 worth of products or services daily. Minus the cost of wages and other expenses to run the business, what is left is net profits, a.k.a. "surplus value"—basic capitalist economics.

"Surplus value" presumes that value is an objective attribute. It's not. The value of labor is the amount that someone is willing to pay for that labor and, as such, is completely subjective. You're trying to pretend that "surplus value" is profit. If so, why bother with another term for it?

 

[TruthNotBS]

"Surplus value" presumes that value is an objective attribute. It's not. The value of labor is the amount that someone is willing to pay for that labor and, as such, is completely subjective. You're trying to pretend that "surplus value" is profit. If so, why bother with another term for it?

Whatever determines my ability to pay you $100, and not $2.00 daily, is irrelevant to the surplus value extracted from your labor. As a profit-pursuing capitalist, I want to produce my product, or service for as little as possible, and whatever is behind the reason I'm paying you, the amount I'm paying you is irrelevant to the reality of surplus value. What your labor is worth to me in terms of profits is determined by how much I need to spend for you to produce and deliver my product or service, and how much I can sell it to my customer.

The surplus value is the profits that I draw from your labor hourly, or daily. The amount of money I'm paying for your labor hourly has to be less than the amount of money I'm making from that labor. The difference between what I'm paying you and how much money I'm making off of your labor is the surplus value of your labor. You're producing $500 daily for me, and I'm paying you $100, from those $500, plus I spend $30 in utilities, $50 gas for the vehicle, $17 lunch (I pay for your lunch), $25 in tolls, $5.00 vehicle maintenance (which I write off as expenses during taxes), $25 in insurance, I net (bring home) $248 daily off of your labor. The $248 is a surplus or profits.

• Subjective Value vs. Objective Surplus: While market wages are influenced by supply and demand, the surplus value objectively measures the difference between the labor's output value and the wages paid. This difference is not negated by subjective wage agreements.
• Profit Explanation: Profit is the broader category that includes various sources of income for capitalists. Surplus value specifically refers to the profit generated from labor exploitation. The distinction is crucial to understanding the mechanics of capitalist profit generation.
• Practical Example: I generate $500 from an employee’s labor, pay them $100, and incur $152 in additional costs. The remaining $248 is surplus value, representing the portion of labor's output value not returned to the worker but kept as profit. This is the essence of exploitation in capitalism.

 

[dblack]

Whatever determines my ability to pay you $100, and not $2.00 daily, is irrelevant to the surplus value extracted from your labor. As a profit-pursuing capitalist, I want to produce my product, or service for as little as possible, and whatever is behind the reason I'm paying you, the amount I'm paying you is irrelevant to the reality of surplus value. What your labor is worth to me in terms of profits is determined by how much I need to spend for you to produce and deliver my product or service, and how much I can sell it to my customer.

The surplus value is the profits that I draw from your labor hourly, or daily. The amount of money I'm paying for your labor hourly has to be less than the amount of money I'm making from that labor. The difference between what I'm paying you and how much money I'm making off of your labor is the surplus value of your labor. You're producing $500 daily for me, and I'm paying you $100, from those $500, plus I spend $30 in utilities, $50 gas for the vehicle, $17 lunch (I pay for your lunch), $25 in tolls, $5.00 vehicle maintenance (which I write off as expenses during taxes), $25 in insurance, I net (bring home) $248 daily off of your labor. The $248 is a surplus or profits.

• Subjective Value vs. Objective Surplus: While market wages are influenced by supply and demand, the surplus value objectively measures the difference between the labor's output value and the wages paid. This difference is not negated by subjective wage agreements.
• Profit Explanation: Profit is the broader category that includes various sources of income for capitalists. Surplus value specifically refers to the profit generated from labor exploitation. The distinction is crucial to understanding the mechanics of capitalist profit generation.
• Practical Example: I generate $500 from an employee’s labor, pay them $100, and incur $152 in additional costs. The remaining $248 is surplus value, representing the portion of labor's output value not returned to the worker but kept as profit. This is the essence of exploitation in capitalism.

I've read all that horseshit. Marx was deluded. And so are you.

 

[TruthNotBS]

I've read all that horseshit. Marx was deluded. And so are you.

Why is it "horseshit"? On what grounds do you assert that Marx was deluded and so am I?

 

[dblack]

Why is it "horseshit"? On what grounds do you assert that Marx was deluded and so am I?

Post another one of those firehose meme things. Got get your post count up.

 

[GWV5903]

Why is it "horseshit"? On what grounds do you assert that Marx was deluded and so am I?

Your entire theory about Socialism is horseshit from beginning to end, it fails every single time. If you don’t like Capitalism you are free to live in any of the countries that promote Socialism…

 

[TruthNotBS]

Your entire theory about Socialism is horseshit from beginning to end, it fails every single time. If you don’t like Capitalism you are free to live in any of the countries that promote Socialism…

If I don't like capitalism, I am free to work to eliminate it here in my country, and if you don't like that, so what? Perhaps you should leave my land, and go to another.

 

[TruthNotBS]

Post another one of those firehose meme things. Got get your post count up.

You do not argue against anything I've said about the surplus value of labor. Why? Don't you have a rebuttal? Go ahead, I'm waiting for your response. Debunk what I said.

 

[GWV5903]

If I don't like capitalism, I am free to work to eliminate it here in my country

Yes you are free to do whatever you want, you will not succeed here with your Socialist policies

Perhaps you should leave my land, and go to another.

I’m for Capitalism in a Capitalist Society, you seem to think I care what you think!?!?

 

[TruthNotBS]

Yes you are free to do whatever you want, you will not succeed here with your Socialist policies

I’m for Capitalism in a Capitalist Society, you seem to think I care what you think!?!?

Socialists are already succeeding, it's inevitable that socialism will replace capitalism, thanks to advanced automation and artificial intelligence. You obviously have a reading comprehension problem if you think that I care how geriatric hillbillies like yourself, brainwashed by Cold War propaganda think about anything.

 

[Ringo]

If you don’t like Capitalism you are free to live in any of the countries that promote Socialism…

Bangladesh has capitalism. Do you want to live there?

 

[TruthNotBS]

Bangladesh has capitalism. Do you want to live there?

Hehehe, they always tell us to leave America because we're socialists as if American socialists don't have a right to be here and try to advance and establish socialism here. So funny.

 

[Mac-7]

Hehehe, they always tell us to leave America because we're socialists as if American socialists don't have a right to be here and try to advance and establish socialism here. So funny.

Do you support building the wall?

 

[dblack]

You do not argue against anything

You're not presenting arguments. You're disseminating propaganda.

 

[Mac-7]

I also support lifting economic sanctions from Latin American countries, to let them develop and provide a better life for their people.

Which latin American countries and what are the sanctions against them?

maybe Cuba in some minor ways but overall I think you may be crying wolf

 

[TruthNotBS]

Which latin American countries and what are the sanctions against them?

maybe Cuba in some minor ways but overall I think you may be crying wolf

Part of the problem, as I explained in my last post, is our foreign policy, particularly, economic sanctions and staging coups abroad, to install government leaders who serve the financial interests of America's big-money elites. The wall isn't enough. Sure, I'm all for a wall on our southern border to keep the illegals out, along with the drugs..etc, but a wall is just one piece in the puzzle. It's not the cure-all pill.

If we set policy towards Latin America correctly, the people who live south of our border with Mexico, will stay over there and not come here. Many of these illegals, come from Latin American countries that are being economically sabotaged by the US government. The new Venezuelan gangs in NYC, are partly the result of sanctions upon Venezuela.

Due to Americans who think like you, the situation isn't going to get much better, even with Trump in office. The illegals are going to keep coming.