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The Forum > Article Comments > What’s wrong with churning? > Comments

What’s wrong with churning? : Comments

By Nicholas Gruen, published 17/2/2006

Fiscal churn - where tax is paid back as government transfers - is positive for targetting more needy people.

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The only residual problem with churning Tax dollars for the NEEDY, you create NEEDIER and the real NEEDY never get what they need. So after there is NEEDIER than there is, not so needy, then they become needy, we can all flourish in poverty and die and enjoy the debortiary selfish greedy lazy needy get.
If that sounds like poetry, you must be a Bureaucrat.
Why not make people less needy and more self sufficient?
And keep Governments, and their Misery worshiping Looters and Moochers away from my HARD EARNT LIVING.
In another language: Get a Life of your own, and stop bleeding every one else to death. It is economic and values Murder.
Posted by All-, Sunday, 26 February 2006 4:36:50 PM
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Does the market pay us all the true value of our worth? I believe the market undervalues the vital contribution of many and perversely rewards the exploitation and plunder by some.

In our current economic systems, redistribution of wealth is not only just, but is vital to a healthy society. Redistribution is just so long as the ‘free market’ is not sufficiently just.

Many people do vital work which is outside of the market. Think of brilliant people in modest paid not-for-profit work. The policy and culture of society can be structured in an infinite number of combinations. The way it is currently structured favours some more than others. As such, some ought to support the current structures more than others.

The market has not sufficiently overcome the problems of entrenchment. Where people who have gained wealth and power become entrenched in that position by using power to influence decisions that stifle real competition. The current fossil fuel 'mafia' is a recent example of the problems this causes.

The market also has not yet sufficiently overcome the problem of short-termism. Where plunderers can profit today by selling of the natural capital which was bequeathed to us, and that we should have passed on to benefit our children.

The economy is not a perfect measure of wellbeing. A strong economy is not necessarily the mark of a healthy society, nor healthy environment, nor healthy democracy. We ought not confuse wealth or income with virtue. We ought not make policy which gives pre-eminence to the market, nor assumes people are primarily motivated by acquiring personal wealth.

The economy is an extra, an important element, but not the most important. We can have a healthy environment with no economy, We can have healthy soical structures without dollars. But we cannot have economy if we bankrupt our environmental or social systems.

There are great costs to our current acquisition of personal wealth. We are liquidating some of our greatest assets. We ignore this growing debt at our peril. Concentration of wealth and pandering to individualism isn't the mark of good governance.
Posted by Mark Byrne, Tuesday, 28 February 2006 10:04:03 AM
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What’s wrong with churning?

Nothing’s wrong with churning if well implemented (as was also true for communism). Now look at who is implementing flat tax systems, with perfect lateral fiscal equity for all. Churn baby, churn.
Posted by Seeker, Monday, 6 March 2006 11:26:53 PM
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