LR Podcast S2E7: Collectivist Debt

Ayn Rand explains how leaders with a collectivist mindset can justify such lusty sums for pet projects and public largess even though we are experiencing record inflation partly due to previous enormous spending. It comes from altruism, paired with a neurotic lack of self-esteem in a leader or among lawmakers that fuels the need for ever more spending on “the public good”. It is based upon the need to feel good, rather than actually doing good.

LR Podcast S2E1: “We the Government”

The “Infrastructure” plan. (talked about at length in episode 51.) Congress using the same “bait and switch” language in describing it. They're selling it as an infrastructure plan, but what you really get is about 7% infrastructure and the rest Green New Deal crony capitalism.

The SOTU address for the non-economically illiterate.

That's a total bill of $4.1 trillion. To put that in perspective, the US brought in $3.46 tr in tax revenue in 2019. That means that if 100% of ALL income taxes collected went JUST to those two schemes and nothing else, $0 for military, $0 for FEMA and other emergency relief, nothing but those two items, we could not pay for them. Assuming a national debt of roughly $28 tr: If we dedicated 100% of tax revenue to pay down our existing debt, it would take about 8 years.

LR Podcast Episode #47: Never have so many owed so much.

This is just the beginning. The Democrats will announce (safe prediction) a "climate crisis", after or even before the COVID-19 crisis is over in order to justify more spending and greater control of the economy. This will open the door more massive Green New Deal spending and regulation.

LR Podcast #32: Who ‘topia? U-topia!

St. Thomas Moore had his Utopia, Marx and Engels had their Communist Manifesto. Though the latter is better known for the destructive nature of its implementation in this and the last century, it has a commonality with the other books mentioned: the necessity of authoritarianism. It is this need for an authoritarian form of government and a ruling class, either explicit as in the Republic or implicit as with Marx and Engels that binds most, if not all Utopian systems with each other.