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The Forum > Article Comments > 'Greed is (not) good' > Comments

'Greed is (not) good' : Comments

By John Tomlinson, published 10/2/2009

A basic way to end the recession: a universal Basic Income for every person on the entire planet.

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This is called communism and it failed, because there is always greed

If everyone get the same income, no one will work, greed provides progress and advancement and it is not a bad thing

In communism, bribery is rive as it is the only way to get ahead. it did not work and will never work
Posted by dovif2, Tuesday, 10 February 2009 8:49:38 AM
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I remember “Thatcherism” it was the application of real world fiscal necessities, required to reverse and overturn the result of Keynesian sponsored incompetence.

And Thatchers response to greed was simple…

“Economics are the method, the objective is to change the soul”

In other words, those who focus solely on the economic issues of life, in the way socialists obsess and fixate on the equal distribution of wealth and resources, miss the point completely.

Regarding “they don’t get government assistance to help raise their children or cope with a disability”

Margaret Thatcher in Statecraft observed

“People have got the entitlements too much in mind, without the obligations. There's no such thing as entitlement, unless someone has first met an obligation."

Regarding vague notions of equality again, dearest Margaret

“On one thing, nature and nurture agree: we are all different. If this is unjust, then life is unjust. But, though one hears this expression - usually in the form of the complaint that 'life is unfair' - it really means nothing. In the same vein, someone once said to Voltaire, 'Life is hard.' To which is replied: 'Compared with what?”

Dovif2 “This is called communism and it failed”

Yes

Margaret said of that form of industrial organization

“A country that produces what no one wants to buy, and whose workers receive wages that they cannot use to buy goods they want, is hardly in the best of economic health."

the loons of the left will always be with us… suggesting black is white and individualism dangerous… its just ignorance, envy and incompetence and the socialists pander to it..

"(Gorbachev's) remarks in Prague seemed to me, to say the least, of doubtful validity. Yet nor should they be lightly dismissed. They represent the articulation of a strategy, common to the left in many countries, of seeking to escape all blame for communism and then going on to take credit for being more pragmatic, modern, and insightful about the world which those who actually fought communism have created. It is a pressing necessity to expose and defeat both distortions."
Posted by Col Rouge, Tuesday, 10 February 2009 9:50:25 AM
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Has nothing to do with communism. I knew the idea years ago as guartantee minimium income. It is a very efficent rconomical system that does away with all pensions and benefits. It is set at the minimium that people need to survive. Everyone including the rich are entitled. As long as it is classed as taxable income, a percentage automatically returns to the government.
Posted by Flo, Tuesday, 10 February 2009 10:19:02 AM
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Oh Col, I think we would all love to hear more about Margaret Thatcher.
Posted by Houellebecq, Tuesday, 10 February 2009 11:07:49 AM
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A guaranteed income would destroy many people's incentive to work and improve themselves.

What you are talking about is passive welfare. Look at the disaster that has been for Aborigines.
Posted by grn, Tuesday, 10 February 2009 11:36:22 AM
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I feel certain this would not happen in places like here or the US, for this reason.

Many employers want to hire and fire at will, and offer unreasonable wages and conditions. Note in this, the legal minimum may not be reasonable depending on local living costs. Under a punitive welfare system such as ours, predatory employers are supplied forced labor, where centrelink recipients are denied a right to a basic minimum income should they decline jobs which are hazardous or fail to provide a liveable, decent wages and conditions. The bosses' wet dream would be to have no minimum wage at all, or a situation like the US where minimum wage has fallen rapidly in real terms, and they can hire or fire at will.
Posted by Inner-Sydney based transsexual, indigent outcast progeny of merchant family, Tuesday, 10 February 2009 11:54:21 AM
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