tag:blogger.com,1999:blog-5001867295510218749.post2369526482995478705..comments2024-03-20T16:05:23.293+00:00Comments on The Cynical Tendency: Ups And DownsDemetriushttp://www.blogger.com/profile/17198549581667363991noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5001867295510218749.post-18090837248762138502015-05-26T13:40:52.369+01:002015-05-26T13:40:52.369+01:00Weiner is right. And the problem lies - as usual -...Weiner is right. And the problem lies - as usual - with the Leviathan State and its endless unfulfillable promises. It must have cash, ever more cash, all the time and always, to pay its clients and the millions of useless pen-pushers we now "employ".<br />For a while the cash could be borrowed; now it cannot, so they start to confiscate peoples' capital and spend that. It's done stealthily at first (by inflation and zirp, as Weiner says), but increasingly it's more open and direct - what does anyone think a "Mansion Tax" is supposed to be, other than a way to convert capital into revenue and spend it?<br /><br />The system is indeed broken, and doomed; but it will take all of us down with it when it finally fails.Weekend Yachtsmanhttps://www.blogger.com/profile/04262853091154005651noreply@blogger.comtag:blogger.com,1999:blog-5001867295510218749.post-29797064929944798932015-05-21T19:25:22.050+01:002015-05-21T19:25:22.050+01:00It's as if investing has been supplanted by ex...It's as if investing has been supplanted by extracting. Those on the inside extract, the rest of us are left with peanuts.A K Haarthttps://www.blogger.com/profile/05897490979828603179noreply@blogger.com