Smash mouth genie

Built like a linebacker

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  • 64 Comments
Joined 2 years ago
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Cake day: June 14th, 2023

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  • Yes exactly. This is why I find it funny when they use two different, yet contradictory reasons to justify the sin tax:

    • it prevents people from using it because they’ll choose not to use it (the thing they’re addicted to) if it gets too expensive; and,
    • the demand is very inelastic which means the government will make more revenue

    When really they’re primarily taxing the things poor people are addicted to.

    Idk, I’m generalizing, I’m just kind of pointing out how a lot of the supports capitalism rests on are weird little opaque excuses to convince the masses that exploitation is what’s best for us

    So many economists are stuck in a box of what our society has been, they can’t think past our current rules and regulations to what could be, because they think that the rules and trends they learn in school are the only possibility, or that profit must be king.


  • Definitely not. The rules behind supply and demand hinge on some extremely flimsy assumptions, namely:

    • that people always act in their own best interest (they fucking don’t)
    • that people can actually choose not to buy the product

    For things like food, housing, medicine, etc. People don’t get the luxury of voting with their wallets, and this is why the free market cannot allocate resources effectively.

    Just because I went to school for economics does not mean I am a free market capitalist. I’m definitely not.


  • To be fair i was being hyperbolic. Money has the power we give it. And we gave it too much.

    We print money through increasing interest rates, increasing divide between rich and poor requiring the working class to take out loan after loan after loan.

    Some may say interest is the cost of borrowing money, but it is money value that comes out of nothing, it’s made out of thin air and reduces the value of our dollar.