The ultimate COVID thread

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What is coming is an ECONOMIC war where the USA recognizes that cheap goods from China have a huge price tag in terms of national security.
This means more production will be moved to the this side of the world like USA, Mexico, Central America vs the Far East. These items may cost more but that is the price we pay for security. From PPE to Medications to Electronics the USA is finally starting to realize China is the threat as we head into 2021 and beyond.

China along with Russia will attempt to replace the U.S. Dollar as the world reserve currency. The erosion begins with a basket of currencies or Gold eventually leading to the Chine Yuan.

Fiscally, the U.S.A. is in a whole lot of trouble due to massive, mounting debt which will explode if interest rates ever go back to 4%.
 
Sweden: Lessons for America? (AMAZON PRIME)

It's been suggested that the United States would be better off if it had a more socialist economy, like Sweden. Do the Swedes know something that we don't? Sweden: Lessons for America? delves into the economic and social landscape of the Swedish scholar's homeland. Join him to see that the lessons to be learned from Sweden on Democratic Socialism may not be the ones you expect.


If you have any time this week or next watch the documentary on Sweden. I found it to be an excellent discussion on the real Democratic Socialism of Sweden. This isn't Bernie Sanders fake version. Rather, the documentary clearly explains the POOR pay the majority of taxes in Sweden which fund their programs. The VAT tax of 25% hits the middle and lower class the hardest. Sweden recognizes that the money to pay for social programs doesn't come from the top 1%, it comes from the bottom 75% of people in the country.

Again, people like Vector 2 can learn a lot how Sweden tried massive socialism in the 1970s and 1980s that utterly failed. As we move to become Swedish socialists lets learn their lessons so we don't repeat the same mistakes. The Left in the USA will do to us what the Left did to Sweden in the late 1970s.Amazon product ASIN B07HNDHL6H
 
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Once Sweden stopped the fantasy of Vector 2's socialistic dream real wages and GDP took off. As we move to become Sweden there are limits to the "free Lunch" or the economy will be destroyed.
 
In many ways, Sweden’s economy today is freer than the United States. According to the Heritage Foundation, Sweden bests the United States in almost all measures of economic freedom other than government spending and fiscal policy. Sweden is ranked as one of the easiest countries in the world to do business. And Sweden has some of the most pro-free trade policies in the world. Sweden has come a long way from the “socialist” era that Bernie and his kind seem to imagine still endures.

 
People point out (correctly) how poor the HCQ and Remdesivir studies are but pretend as if the results of the poorly designed, biased, and flawed Stanford study are perfectly legit. People basically legitimize whatever stats/studies/articles fit their agenda.
 
What is coming is an ECONOMIC war where the USA recognizes that cheap goods from China have a huge price tag in terms of national security.
This means more production will be moved to the this side of the world like USA, Mexico, Central America vs the Far East. These items may cost more but that is the price we pay for security. From PPE to Medications to Electronics the USA is finally starting to realize China is the threat as we head into 2021 and beyond.

China along with Russia will attempt to replace the U.S. Dollar as the world reserve currency. The erosion begins with a basket of currencies or Gold eventually leading to the Chine Yuan.

Fiscally, the U.S.A. is in a whole lot of trouble due to massive, mounting debt which will explode if interest rates ever go back to 4%.
Quitting cheap Chinese goods will hurt mega companies like Wal Mart, who won’t be too keen to pay premiums for Latin American produced goods. Can these big giants cooperate and grow less reliant on Chinese products?
 
Why all the posts? I wanted to illustrate irrefutable proof that socialism as espoused by Bernie and Vector 2 doesn't work. Sweden tried it and it failed miserably. What does work is a government that controls spending and tries to help everyone with realistic programs. Programs that must be paid for through taxes by everyone including the working poor. The liberals on this Board simply haven't done their homework. There is no way the USA can afford Democratic Socialism without raising taxes heavily on the middle and lower classes.
 
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People point out (correctly) how poor the HCQ and Remdesivir studies are but pretend as if the results of the poorly designed, biased, and flawed Stanford study are perfectly legit. People basically legitimize whatever stats/studies/articles fit their agenda.

I think there are many more studies still coming about Remdesivir. Those studies will likely show MODERATE efficacy if the drug is given early on vs NO EFFICACY if given in the ICU to intubated patients.

HCQ was always a long shot with any efficacy occuring very early on in the infectious process. Symptoms may be moderately improved with HCQ.

For example, when I get a viral infection I take zinc lozenges and tablets for about 3-5 days. IMHO, these help to reduce my symptoms and duration of illness by 1-3 days. I know this is factually true for me based on my decades of experience with it. Yet, I bet most of you don't believe it is true. This is the result I expect from HCQ/Zpack.

Remdesivir will likely show some efficacy in RCTs. Give it a few weeks and the data will be there.
 
People point out (correctly) how poor the HCQ and Remdesivir studies are but pretend as if the results of the poorly designed, biased, and flawed Stanford study are perfectly legit. People basically legitimize whatever stats/studies/articles fit their agenda.
I supported the quarantine in the early phases. Governor Newsom did the correct and laudable action for his constituents and locked down California early on. The state should be thankful for his efforts.
Now that some time has passed, its time for re-assessment of the situation to see how long a quarantine is necessary. Anecdotally, I see a lot of deaths being chalked up as “COVID related” even if they’re from patients with metastatic cancer, COPD, with a hx of PVD s/p BKA two months ago.
The numbers I’m seeing indicate to me that some governors can now look into slowly easing restrictions in their states. Minnesota, Wyoming, Montana - all could reasonably consider lifting certain restrictions
 
"Finally, it is worth noting that the only Scandinavian country with an estate or inheritance tax is Denmark.

A lot of the spending-side programs in Scandinavian countries cost a lot. Taxes would definitely need to be increased in the United States if it were to adopt them. If the U.S. were to raise taxes in a way that mirrors Scandinavian countries, taxes—especially on the middle-class—would increase through a new VAT and high payroll and income taxes. Business and capital taxes wouldn’t necessarily increase.

It isn’t a mistake that taxes in Scandinavian countries are structured this way. In order to raise a significant amount of revenue, the tax base has to be broad. This means higher taxes on consumption through the VAT and higher taxes on middle-income taxpayers through high payroll taxes. Business taxes are a less reliable source of revenue (unless your country is situated on top of oil). Thus, Scandinavian countries do not place above-average tax burdens on capital income and focus taxation on labor and consumption."
 
Look what happened to real wages in the USA during the 1970s under our capitalist system. Seems like the Swedes fared better.

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I didn't just pick ONE chart to make my points. I showed all the facts including GDP, National Debt, and the maximum tax bracket. In Sweden the Maximum tax bracket occurs around $90,000 U.S. Dollars. Sweden's debt is manageable right now. Is the USA's debt? Sweden's citizens ALL pay a lot of taxes for their social services. Is Nancy Pelosi being honest with her base?

This is an adult conversation about the U.S. beginning its journey towards socialism. What will it mean for unemployment and GDP? What will it mean for middle class taxes? Will the debt go to 40 trillion dollars?

I agree that middle class wages are stagnant while the top 1% have been doing well. Some changes are needed but realistic, affordable change that won't ruin the economy or this nation.
 
Good thing for @BLADEMDA I'm busy this weekend and can't respond right now to all his spam where he uses my handle without actually "@" me. Lot easier for him to pop up and knock down his lazy "1 country and 3 charts" socialist strawman that way.
 
If GDP per capita is such an impressive figure, how is it 40% of Americans cant come up with $400 for an emergency? It's almost as if wealth inequality and national economic issues require a degree of nuance to tackle and not just 15 no-context charts in a row
 
What is coming is an ECONOMIC war where the USA recognizes that cheap goods from China have a huge price tag in terms of national security.
This means more production will be moved to the this side of the world like USA, Mexico, Central America vs the Far East. These items may cost more but that is the price we pay for security. From PPE to Medications to Electronics the USA is finally starting to realize China is the threat as we head into 2021 and beyond.

China along with Russia will attempt to replace the U.S. Dollar as the world reserve currency. The erosion begins with a basket of currencies or Gold eventually leading to the Chine Yuan.

Fiscally, the U.S.A. is in a whole lot of trouble due to massive, mounting debt which will explode if interest rates ever go back to 4%.
China isn't stable enough to replace the United States with regard to the Yuan becoming a reserve currency. Give it 30 years and maybe though
 
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People point out (correctly) how poor the HCQ and Remdesivir studies are but pretend as if the results of the poorly designed, biased, and flawed Stanford study are perfectly legit. People basically legitimize whatever stats/studies/articles fit their agenda.
The Stanford study is also garbage. Their numbers would posit that based upon NYC infection and death rates literally everyone in NYC would have been infected and then some. I prefer the numbers out of Iceland, as they did a proper study of 10% of the entire population
 
China isn't stable enough to replace the United States with regard to the Yuan becoming a reserve currency. Give it 30 years and maybe though

this is rapidly changing. accelerated by trump and pandemic. if trump gets another 4 years, i predict yuan will be a major competitor to the dollar within end of this decade.
 
I mean, China did kind of mess up bad. Their government should be held to account

sure but china was able to contain a brand new virus within 3 months or so. they literally had no information to go on.

USA had weeks and weeks to prepare with way more information the chinese had and still messed up big time.

US can blame china all it wants, but a huge truth is that USA messed up big time, and so did most of europe.
 
I supported the quarantine in the early phases. Governor Newsom did the correct and laudable action for his constituents and locked down California early on. The state should be thankful for his efforts.
Now that some time has passed, its time for re-assessment of the situation to see how long a quarantine is necessary. Anecdotally, I see a lot of deaths being chalked up as “COVID related” even if they’re from patients with metastatic cancer, COPD, with a hx of PVD s/p BKA two months ago.
The numbers I’m seeing indicate to me that some governors can now look into slowly easing restrictions in their states. Minnesota, Wyoming, Montana - all could reasonably consider lifting certain restrictions
Not sure if you've been following the news but they're already all coming up with plans as far as reopening. My point had to do with ppl acting as if there is good data out there. There isn't any yet.
 
The Stanford study is also garbage. Their numbers would posit that based upon NYC infection and death rates literally everyone in NYC would have been infected and then some. I prefer the numbers out of Iceland, as they did a proper study of 10% of the entire population
It's not only based on a non random sample due to selection bias, but they also failed to present the seroprevalence by age (or adjusted for age). Considering the single biggest determinant of mortality with Covid is age, that seems like a pretty huge thing to overlook. Also questions about the reliability/performance of the tests themselves. This isn't even taking into account the fact that several authors of the study were also the authors of articles such as these in WSJ and Stat criticizing the lockdowns.
 
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If you are willing to trade lives for GDP there are far more efficient ways to do it
What a completely nonsensical post. What really hurts me is how little you care about the tens of thousands of flu deaths that could be saved with shutdown and the tens of thousands of mva deaths that could be saved with slower speed limits. You trade GDP for those innocent lives. Are you even a doctor?
(heavy on the sarcasm)
 
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David Stern, the former NBA commissioner (God Rest his soul), was a member of the council of foreign relations. Adam Silver is the current NBA commissioner and he was Sterns right hand man for many years. It’s a shame I have to even explain this, I thought it would be obvious that a major professional sports league has a TON of sway in international relations/politics.

The Houston Rockets GM Daryl Money came out in support of Hong Kong protestors and the NBA was essentially kicked out of China after this.

My point is there’s a lot of underlying tension between the USA/UK thought leaders and China and the CCP. I hope nothing devastating comes out of it, and that this flare calms down soon.

Hopefully people don’t get ideas to use bioweapons as the weapon of choice in the future. Sadly they appear to be very effective.
Actually much of the NBA, including LeBron, went pro-China and came down hard against Morey. Money will make a lot of people sell out quickly.
 
sure but china was able to contain a brand new virus within 3 months or so. they literally had no information to go on.

USA had weeks and weeks to prepare with way more information the chinese had and still messed up big time.

US can blame china all it wants, but a huge truth is that USA messed up big time, and so did most of europe.
You're actually believing their numbers? Truly, you must be a fool
 
It's not only based on a non random sample due to selection bias, but they also failed to present the seroprevalence by age (or adjusted for age). Considering the single biggest determinant of mortality with Covid is age, that seems like a pretty huge thing to overlook. Also questions about the reliability/performance of the tests themselves. This isn't even taking into account the fact that several authors of the study were also the authors of articles such as these in WSJ and Stat criticizing the lockdowns.


Dude they recognized pretty much everything you stated as a limitation of the study in their discussion regarding selection bias and test performance.

This study merely provides a snap shot of Santa Clara. They also literally say, hey this is what we got here results may vary elsewhere.

The single most important point they are making is there are more infections than reported cases.

I get this group says a lot of stuff y’all tend to not agree with. But what in any part of the WSJ article do they say anything that is wrong?
 
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What a completely nonsensical post, and incredibly you think it makes some kind of intelligent thought. What really hurts me is how little you care about the tens of thousands of flu deaths that could be saved with shutdown and the tens of thousands of mva deaths that could be saved with slower speed limits. You trade GDP for those innocent lives. Are you even a doctor?
COVID has already killed more than the flu does in a matter of months despite the shutdown. It is rapidly approaching being the 10th largest cause of death in the United States despite only being around for a few weeks. Give it a year, it will very likely eclipse most, if not all, other causes of death. Gtfo of here with your whataboutism nonsense
 
What is coming is an ECONOMIC war where the USA recognizes that cheap goods from China have a huge price tag in terms of national security.
This means more production will be moved to the this side of the world like USA, Mexico, Central America vs the Far East. These items may cost more but that is the price we pay for security. From PPE to Medications to Electronics the USA is finally starting to realize China is the threat as we head into 2021 and beyond.

China along with Russia will attempt to replace the U.S. Dollar as the world reserve currency. The erosion begins with a basket of currencies or Gold eventually leading to the Chine Yuan.

Fiscally, the U.S.A. is in a whole lot of trouble due to massive, mounting debt which will explode if interest rates ever go back to 4%.
An average of 4% borrowing costs would be over a Trillion dollars of interest. The 2018 federal revenues were $3.3 trillion. A third of that to interest? At that point you are in a debt spiral of no return. And 4% isn't even high historically.

Lower Fed rates lead to lower treasury rates at any given time, but we've been running zero percent for almost all of since 2008. They talk about negative rates but I haven't taken the time to wrap my head around that. It doesn't seem plausible that we can go significantly enough into negative rates to make an impact. So we are basically out of Fed rate maneuverability.

When the demand for bonds eventually weakens as our situation worsens and is riskier, the spread between Fed rate and treasuries will widen. The only option then is for the Fed to buy up the bonds creating false demand and keeping rates low. How long can you play that game before monetary collapse? We'll probably find out in our lifetimes.
 
COVID has already killed more than the flu does in a matter of months despite the shutdown. It is rapidly approaching being the 10th largest cause of death in the United States despite only being around for a few weeks. Give it a year, it will very likely eclipse most, if not all, other causes of death. Gtfo of here with your whataboutism nonsense
Hey easy there big internet keyboard warrior. Just pointing out the total hypocrisy. Everyone cares about all deaths. To ignore economic devastation doesn't make one more caring.
 
A sensible discussion can be had about economics and lockdown.

Lockdown until vaccine would save the most lives from COVID but be disastrous economically which would also impair health in other ways. Everybody opens up and we go back to normal would ensure we have a big spike in cases and a lot of excess death requiring a repeated shutdown both of which would have a big economic toll. IMO reasonable people would agree there is a middle ground where In areas where prevalence is low enough we open up partway, and constantly monitor and selectively and locally restart shelter in place in areas that are spiking. There’s a lot of details to quibble over. Continue masking in public Yes imo. Continue telework and tele health where possible? Probably. Reopen schools? Probably. Reopen restaurants? Maybe with increased spacing between tables and hygiene precautions. Bars? Maybe. Clubs? Probably not. Reopen movie theaters and sporting events? Probably not. And so on.
 
Hey easy there big internet keyboard warrior. Just pointing out the total hypocrisy. Everyone cares about all deaths. To ignore economic devastation doesn't make one more caring.
I literally don't care about the economy. People will survive as we always have. Can't survive if you're dead. Every recession and depression on record reduced the death rate, and every single depression/recession eventually ended. Money is meaningless, an illusion we all agree upon that is objectively nothing but numbers in a ledger. Life is objective and real
 
If GDP per capita is such an impressive figure, how is it 40% of Americans cant come up with $400 for an emergency? It's almost as if wealth inequality and national economic issues require a degree of nuance to tackle and not just 15 no-context charts in a row
Lots of wealth inequality. I agree, Yuge problem. It's a rigged system with a lot of crony capitalism. I'd prefer more freedom and less government. I'd like to see improvement or at least stay at bad, as opposed to worse with more corruption and more government control and Socialism.
Bad>Worse
 
I literally don't care about the economy. People will survive as we always have. Can't survive if you're dead. Every recession and depression on record reduced the death rate, and every single depression/recession eventually ended. Money is meaningless, an illusion we all agree upon that is objectively nothing but numbers in a ledger. Life is objective and real
Hmm. Maybe I’ll try that “money is a meaningless illusion” thing on my next mortgage bill or trip to the grocery. See where that gets me....
 
Actually much of the NBA, including LeBron, went pro-China and came down hard against Morey. Money will make a lot of people sell out quickly.

actually a bunch of the ******* players that "went pro-China" quickly walked back once they were educated a little bit about what was going on in China.
 
Actually much of the NBA, including LeBron, went pro-China and came down hard against Morey. Money will make a lot of people sell out quickly.
actually a bunch of the ******* players that "went pro-China" quickly walked back once they were educated a little bit about what was going on in China.

i think the lesson to be learnt here is for the nba / nba players to stay out of politics. nothing good comes of it for them.

i can say most people living in china do not go day to day thinking of politics in their head, or about the government. you can say the money made them sell out, or maybe its just their experience in China, the way they were treated by their fans. u can like USA and still hate their political standpoints.

there is a spectrum for everything.
 
A sensible discussion can be had about economics and lockdown.

Lockdown until vaccine would save the most lives from COVID but be disastrous economically which would also impair health in other ways. Everybody opens up and we go back to normal would ensure we have a big spike in cases and a lot of excess death requiring a repeated shutdown both of which would have a big economic toll. IMO reasonable people would agree there is a middle ground where In areas where prevalence is low enough we open up partway, and constantly monitor and selectively and locally restart shelter in place in areas that are spiking. There’s a lot of details to quibble over. Continue masking in public Yes imo. Continue telework and tele health where possible? Probably. Reopen schools? Probably. Reopen restaurants? Maybe with increased spacing between tables and hygiene precautions. Bars? Maybe. Clubs? Probably not. Reopen movie theaters and sporting events? Probably not. And so on.

Reasonable Post. FYI, we don't know if this "lockdown" is saving a lot of lives yet. We hope it is effective. What we do know is the lockdown is giving the hospitals time to adjust to the situation (total lack of PPE in early March) and flatten the curve so there are beds/ventilators available. IMHO, the most number of lives saved due to this lockdown are the frontline providers (you) and the elderly.

Is Sweden acting irrationally? How can one say yes or no at this point? I do think we are ready to follow your very reasonable suggestions by Mid May in most parts of the country. In fact, each Governor should allow counties/cities to have input in a partial re-open in 2 weeks. Some areas have 5-6 patients total in the hospital right now.
 
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Am I the only one concerned about the massive 3-4 Trillion stimulus bill? Is the number 4 trillion? 8 Trillion if you count the Fed? AT some point this massive debt will come home to roost and the U.S. Dollar won't be worth a heck of a lot. A country can't print its way to prosperity. At some point the BILL does come due.
 
You're actually believing their numbers? Truly, you must be a fool

i know their wuhan #s are not accurate, but so what. i believe the truth is everyone hold china to a high standard BECAUSE of their government. whether there was coverup or not, there is a tendency for outsiders to not trust the chinese government, possibly a tendency led by US and europe. i bet you #s in NYC are not perfect as well, since we barely tested in the beginning. Our criteria for testing at one point was need for admission to the hospital! Not long ago, NYC added 3000 deaths to their total for probable at home deaths. China does something like this and the world (europe /NA) screams FAKE DATA, COVERUP!

its important to put things in perspective. US had the ability to test for coronavirus and we still messed it up big time. China was fighting a brand new virus, had to come up with the TEST for coronavirus, MASS PRODUCE the test in millions, and figure out an appropriate diagnostic criteria, yet the world expects the case and deaths #s to be perfect while their hospitals were overwhelmed? Imagine if this happened in NYC, i 100% believe we wouldve handled it way worse

so yes i have zero problem that the #s have been adjusted a few times. i dont even care. the thing is china controlled it in 3 months. the rest of the country is opening up. they have a population of 1.4B with many cities the size of NYC or larger. if they didnt control it, their hospitals would be slammed and we would know. i have friends in china sending pictures of them shopping in malls already. there are pictures of crowds in tourist locations. its up to you to believe them or not. but i do believe china has contained the virus so far
 
Am I the only one concerned about the massive 3-4 Trillion stimulus bill? Is the number 4 trillion? 8 Trillion if you count the Fed? AT some point this massive debt will come home to roost and the U.S. Dollar won't be worth a heck of a lot. A country can't print its way to prosperity. At some point the BILL does come due.

a lot of people are concerned. for one thing i know i aint getting any of it and my taxes will probably be real high soon, and it'll come back to hurt us down the line
 
Key Takeaways
  • The debt-to-GDP ratio gives insight into whether the United States has the ability to cover all of its debt.
  • A combination of recessions, defense budget growth, and tax cuts has raised the national debt-to-GDP ratio to unsustainable levels.
  • The United States cannot afford to default on its debt without major global economic consequences.

 
I used to care a great deal about the future of the USA's economy. I want my Children and Grandchildren to live in a better world than I do. I was hoping for a prosperous and free economy more akin to the late 1990s than 2021. But, I have come to accept that my world view isn't in the majority any longer. Vector 2 is correct when he posts that the majority of this country (55%) wants a polished democratic socialist. They no longer cherish rugged individualism and minimalist government intervention. As we move towards a model like Sweden I hope the policy makers will study hard the mistakes of that nation. The 26 Trillion U.S> debt could quickly spiral to $35 trillion if all the progressive policies are adopted without constraint. No amount of tax increases can pay for every program on the wish list. Heck, we can't even pay for our current obligations on the books now.

I readily admit the Trump administration has spent way too much money and raised too little revenue. But, does that mean Biden/Harris will do better? I seriously doubt it. Cutting military spending by 20% and raising taxes to levels even higher than Obama won't be enough. A national sales tax? I don't see how that is avoided if more social programs are created. Increase FICA and abolish the cap? Likely. Medicare Tax at 10% or 15%? ObamaCare Tax at 8%?

For those living in California or NYC I can imagine a scenario where top marginal rates are over 75% and income over $275K is taxed at 50%. Corporate taxes will go up as well.

In my lifetime, the way things work in politics is that the economy must suffer and unemployment must rise before the people realize they have made a mistake. By then, these cradle to grave benefits will be a permanent part of American life. The American dream, as I envisioned it as a kid, will be a fantasy no longer possible for future generations.
 
Far from learning the truth — that America has been the greatest force for freedom in the history of humankind, while creating unparalleled wealth for its citizens — students today are relentlessly drilled with a progressive catechism of guilt over America's long-admitted shortcomings and history.

The result: a generation raised on moral equivalency, diversity and a jaundiced view of their nation's own past. A generation of Americans that hate their own culture, even as hundreds of millions around the world dream of coming to this land of opportunity and freedom.

Millennials today seem to be disgusted with a country that provides them with more opportunities than any country in history.

PJ Media writer Rick Moran decided to ask millennials how they felt about New York Gov. Andrew Cuomo's disgraceful comment that "America was never that great."

By and large, the young people queried by Moran backed Cuomo.

"I don't believe America has been great for all folks ever," said one. "Even today."

Another said: "I would have to agree with Governor Cuomo."

One of those Moran spoke with elaborated, no doubt straight out of a high school or college textbook: "The idea that there was this once great America is pointing towards this false sense of nationalism...What, it's talking about white America? It's not great."

"America has been great ... for straight white men," agreed another.

Such anti-Americanism and socialist ideas go hand in hand. They're not strangers.

As we've noted elsewhere, a shocking Gallup Poll earlier this month showed that 57% of Democrats hold a favorable view toward socialism, while a record low from the same party now say they support capitalism.

These aren't just aging 1960s New Left retreads like Sen. Bernie Sanders.

Among those aged 18 to 29, support for capitalism has plunged 12 percentage points in just two years. Among that age group, 51% say they have postive feelings about socialism, compared to just 45% for capitalism.

Today, among the young, socialism is chic, hip, and new. Or so they think.

In fact, it's more than 100 years old. And whether it's the rigid, murderous version of socialism put in place by the Soviet Union, or today's nightmare countries like Venezuela, Cuba, Nicaragua, Zimbabwe and North Korea, it's an idea that has never delivered equality, better lives, more opportunity, a sense of belonging, freedom or anything else that young people say they want.

"Socialism is the ultimate Big Lie," wrote American Enterprise Institute Fellow and economist Mark J. Perry, in a recent update of his classic 1995 piece, "Why Socialism Failed." "While it falsely promises prosperity, equality, and security, it delivers the exact opposite😛overty, misery, inequality, and tyranny."

Young people, lacking experience, wisdom and a broad, unbiased education, don't know that.

It is a cold, hard and disturbing fact that, during the 20th century, socialist regimes — called also "communist" and "Marxist" and "People's Republic" regimes — have been responsible for the intentional or negligent murder of more than 100 million people, according to former marxist historian Stephane Courtois' now classic book, "The Black Book of Communism."

As awful as Nazism was, and it was horrific by any standard, the various regimes of the extreme left in the 20th century were more murderous and equally if not more hateful.

What is the greatest threat today to freedom and the U.S. way of life? It's not Nazism. It's socialism, its communism, its marxism, all variants of the same disease. To the extent we embrace any of these false ideologies, we will suffer.

Calling the current leftist fantasy "democratic socialism" doesn't help.

The ideas of Alexandria Ocasio-Cortez, Sen. Bernie Sanders or Sen. Elizabeth Warren, whose "Accountable Capitalism Act" would impose Venezuela-style socialism on the U.S., are no less wrong for having "democratic" in front of the word "socialism."

In socialism, all roads lead to disaster. Or, as Friedrich Hayek, the late Austrian economist, might say, to "serfdom." All forms of socialism are the same: they replace consent and personal freedom with government power on behalf of the "people".

"That Democrats and millennials seem to have no idea about the horrors inflicted on the masses in countries like the Soviet Union and want to go in that direction is scary indeed," wrote Karol Markowicz in the New York Post.

She should know: Her own great grandfather had his bakery taken by the Soviet government and was then sent to a Gulag. That's where he died.

Confronted, diehard democratic socialists deny wanting to control things. But the Young Democratic Socialists of America website says differently: "While the large concentrations of capital in industries such as energy and steel may necessitate some form of state ownership, many consumer-goods industries might be best run as cooperatives."

These might sound innocent, but remember: Behind the entire idea of socialism is that government isn't there to guarantee your rights or the rule of law; it's there to exercise power on the part of the "people." Anything can be justified.

Socialism isn't power to the people, it's power to the socialist rulers. But maybe such a system looks appealing to young people: A new study shows that 52.1% of kids live in households that get welfare. It's a way of life.

But it's not enough to criticize socialism. It's important for those in the center and right of the political spectrum to stand up for the one system that works better than all others: free-market capitalism.

Millennials: Raised To Be Socialists?
We should be teaching it to our kids, and remind young people that free markets are vastly superior to any alternative for organizing a workable, growing economy. For free markets to work, you must have free speech. So political correctness must be abandoned.

"Indeed, history manifestly shows that neither socialism nor other alternative economic systems — and many have been tried — come close to the record of free-market capitalism in promoting peace and growth, as well as improving the overall human condition," writes Anthony B. Kim at The Daily Signal.

Moreover, not only does socialism not work, it is very expensive. As Brian Riedl of the Manhattan Institute recently estimated, Sen. Warren's blue print for democratic socialism would cost the U.S. $42 trillion, requiring tax rates on everyone of 60% or higher.

Millennials beware: With socialism, there will be no money left for anything other than government. You will be following the path of Venezuela and Cuba, not the path of Norway, Sweden and Denmark.

Millennials need to rethink their youthful allegiance to socialist ideology. It will bring them less income, worse inequality, insecurity, hunger, despair and a loss of freedom.

 
In Sweden every kid gets a school voucher. That voucher can be used for private or public schools. Sweden allows the free market to work in their educational system. What do we do here in the USA? Ask yourself why that is.

Our single payer healthcare system could be a voucher as well. The poor get more assistance than the rich. The free market would set the prices. The Veterans Administration would be phased out over the next 20 years. Free markets will take its place. Or, you could choose between the voucher to purchase private health insurance or a government run healthcare plan (2 tiered system).

Higher education? Again, a Voucher for use by every citizen. The voucher should cover a community college education (tuition only).

All prices should be mandated by law to be posted online if that institution/business accepts government vouchers.

We can embrace a safety social net while maintaining free market capitalism. That's the Swedish model we should embrace.
 
actually a bunch of the ******* players that "went pro-China" quickly walked back once they were educated a little bit about what was going on in China.
Good to hear Lebron walked it back. Other than the last dance tonight, haven't had ESPN on in at least a month.
 
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a lot of people are concerned. for one thing i know i aint getting any of it and my taxes will probably be real high soon, and it'll come back to hurt us down the line

I would bet that your employer is getting stimulus money.
 
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