Utopia, you are standing in it!

Redistribution has a corrosive impact on both ends. Recipients are harmed because they get trapped in dependency, and workers are harmed because taxes discourage productive behavior.

Yet young people seem susceptible to this ideology, even when they are among the main victims.

While it might be tempting to shrug and assume they’re hopelessly clueless, this video shows young people are quite capable of grasping why redistribution is a bad idea.

I’ve previously shared a similar video, as well as a couple of written versions of this redistribution challenge.

In this case, though, we have some additional analysis.

Here are some excerpts from the accompanying article.

…for the first time ever, more young people say they’d prefer to live in a socialist country over a capitalist one. Whether it’s free healthcare, free college tuition, or universal basic income, students around America increasingly support higher…

I started fretting about the socialist tendencies of young people early last decade.

And when Sanders attracted a lot of youth support in 2016, I gave the issue even more attention, and I’ve since continued to investigatewhy so many young people are sympathetic to such a poisonous ideology with a lengthy track record of failure and deprivation.

Some of the recent polling data is very discouraging.

And if you want to be even more depressed, here are some tweets with the most-recent data about the the views of young people.

It’s not just that they have warm and fuzzy thoughts about so-called democratic socialism.

I’m completely horrified to learn that more than one-third of young people even have a positive perception of communism.

The future king and emperor was born Wilhelm Friedrich Ludwig of Prussia in the Kronprinzenpalais in Berlin on March 22, 1797. As the second son of Louise of Mecklenburg-Strelitz and King Friedrich Wilhelm III, himself son of King Friedrich Wilhelm II, Wilhelm was not expected to ascend to the throne. His grandfather died the year he was born, at age 53, in 1797, and his father Became the King of Prussia.

Ever since the Holy Roman Empire was dissolved in 1806 uniting the German lands into a modern Nation State, a new empire, was the goal of many statesman as well as the populace of the multi German states that had made up the Holy Roman Empire.

The first attempt to create the Second German Reich occurred in 1848. In the wake of the revolutions of 1848 that swept across Europe, where the people of the many autocratic monarchies demanded…

Hoppit, Julian (1986) “Financial Crises in Eighteenth-Century England”, The Economic History Review, 39/1, 39-58.

Introduction

“Because the financial system in the 18th century was evolving and becoming more sophisticated, […] the nature of crises developed and changed”. Historians have long disagreed on the very definition of what constituted a crisis in early modern England (p.40). The author defines a crisis as a moment when expectations change leading owners of wealth to abandon a type of asset for another leading to the falls in prices of the former. The more widely available the newly-sought asset is, the lesser the crisis.

Juliana et al. Vs US Federal Government is Dismissed.

A federal appeals court on Friday threw out a lawsuit by children and young adults who claimed U.S. government climate policy put their future in jeopardy, a major blow to the high-profile case after a string of failed similar bids.

In a 2-1 decision, the 9th U.S. Circuit Court of Appeals said the plaintiffs, who were ages 8 to 19 when the lawsuit began, lacked legal standing to pursue their case, and that the issues they raised should be decided by other branches of the federal government.

The decision derails the potentially far-reaching case, one of more than half a dozen similar cases filed in state courts, from Washington to Alaska, by an Oregon-based youth advocacy non-profit called Our Children’s Trust.

The lawsuit had first been filed in an Oregon federal court in 2015, charging that the U.S. government’s environmental…

There continues to be a lack of clarity as to the distinction between changes in the heat content of the climate system  (global warming and cooling), and climate change,  in the media and by the presidential candidates.  There are erroneous views on the climate issue being presented.

As an example see the Washington Post article on August 19 2011 by Joel Achenbach and Juliet Eilperin titled

Climate-change science makes for hot politics

The article includes the text [highlight added]

“Four years ago in New Hampshire, campaigning for the Republican presidential nomination, John McCain said to voters, “I do agree with the majority of scientific opinion, that climate change is taking place and it’s a result of human activity, which generates greenhouse gases.” He made global warming a key element of every New Hampshire stump speech.

This week in New Hampshire, the governor of Texas and newest presidential contender, Rick Perry

source of image

UPDATE JUNE 17 2012

My son had an insightful discussion on this subject in his post

The Narrow Defintion of Climate Change

where he refers to two of his papers

The terminology in the field of climate and environmental science is filled with jargon words and the misuse of definitions. I have posted on this issue before with respect to the terms “global warming” and “climate change” in my posts

The Media (and Presidential Candidates) Remain In Error On The Distinction Between Global Warming And Climate Change

and

Recommended Definitions of “Global Warming” And “Climate Change”

To properly define these two terms…

The Commonwealth Government has released a second version of its draft legislation dealing with religious discrimination issues, for further comment before it is formally introduced into the Federal Parliament in the New Year. There are a number of important changes from the previous drafts which in my view make it a much better package of amendments. But there are areas for improvement.