What people don't realize is that a reduction in nominal wage is beneficial so long as every product and service in the market place goes down as well. $100 can buy exactly the same number of T-shirts at $5 each as $400 can buy at $20 each. Government restricting importation of product and labor benefits nobody except its self and its cronies: because we have a progressive tax system, where higher nominal income puts one in a higher tax bracket. Therefore, a reduction/stagnanation in nominal wages (so long as accompnied by simultaneous proportional reduction in everything we buy) is in effect a tax cut for every working man and woman.

Of course, the government and its cronies will do everything to prevent that from happening, because as any organism, its primary mission is its own growth. On whether our government will become more socialist or fascist, IMHO, it's not a matter of whether but when; all we can do is trying to slow it down a bit. As generations grow up without ever experiencing or knowledge of the nature of tyranny and hardship, people become less vigilant during prolonged peace and prosperity (wacko theories of statist common-good seeps in easily). It is no co-incidence that the majority of native-born American intellectuals of the 60's and 70's embraced socialism, wereas it was the immigrant thinkers like Ayn Rand herself having experienced tyranny overseas first hand that upheld the libertarian principles, upon which the founding fathers built this republic precisely because they too experienced tyranny first-hand.

posted by 65.96.21...

• Median home price in CA is now..., Bob M, Thu, 2 Jun 2005 09:22:04
  • Move to Toledo..., Rod , Fri, 3 Jun 2005 09:03:19
  • in santa barbara is now median 1.3 million :-( nm, baggsly , Thu, 2 Jun 2005 11:52:23
  • We certainly have a lot of Californians moving up here, KBR88900T, Thu, 2 Jun 2005 11:19:01
    • Re: We certainly have a lot of Californians moving up h, rob , Fri, 3 Jun 2005 09:58:34
      • Yes, I guess the open boarder thing is part of the, KBR88900T, Fri, 3 Jun 2005 18:06:57
        • The warped world that we live in . . ., Jim, Sat, 4 Jun 2005 22:20:54
          • It is Libertarian to believe in personal property so, KBR88900T, Sun, 5 Jun 2005 15:39:16
            • Here's a handy link, Jim, Sun, 5 Jun 2005 18:40:17
              • I can't stand the minimum wage but I'm not, KBR88900T, Sun, 5 Jun 2005 19:49:55
                • Good Question, Jim, Sun, 5 Jun 2005 23:34:41
                  • I agree with a lot of your points., KBR88900T, Mon, 6 Jun 2005 11:56:34
                    • Very much in agreement, Jim, Tue, 7 Jun 2005 08:31:43 <-- Viewing This Message
                      • Nice piece, keep up the fight. n/m Cheers, KBR88900T, Tue, 7 Jun 2005 09:09:45
            • Personal Property vs. Communal Property, Jim, Sun, 5 Jun 2005 17:55:56
              • Maybe I'm not an absolute Libertarian., KBR88900T, Sun, 5 Jun 2005 19:56:52
    • Re: We certainly have a lot of Californians moving up here, steveC, Thu, 2 Jun 2005 12:41:40
      • come to Toronto ;-) nm, Canadian_Saab, Thu, 2 Jun 2005 13:14:43
        • Re: come to Toronto ;-) nm, steveC, Thu, 2 Jun 2005 17:41:03
          • Geez., LesH, Thu, 2 Jun 2005 20:25:13
            • Re: Geez., steveC, Fri, 3 Jun 2005 17:36:49
  • Tear-downs in my area are pushing $800,000, Geoff, Thu, 2 Jun 2005 11:13:40
  • Re: Median home price in CA is now..., Randy Thatcher , Thu, 2 Jun 2005 10:21:13
  • My house went from 150-348 in 1.5 years, NickR, Thu, 2 Jun 2005 10:18:01
    • Re: My house went from 150-348 in 1.5 years, Jim, Fri, 3 Jun 2005 16:45:44
  • Re: Median home price in CA is now..., GM, Thu, 2 Jun 2005 09:46:43
    • most of them are broke or renting..., Bob M, Thu, 2 Jun 2005 10:06:54
      • Re: most of them are broke or renting..., Rich, Thu, 2 Jun 2005 18:54:47
        • Low interest rate is a sucker's game, Jim, Fri, 3 Jun 2005 16:31:27
      • Interest only loans, too ->, michael p, Thu, 2 Jun 2005 11:13:23

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