Riley Dennis Fails on Universal Basic Income (UBI)

I’ve debunked Universal Basic Income (UBI) in the past. However, when Hey Dude77 pointed out that Riley Dennis had come to its defense, I couldn’t resist the urge to debunk it again.

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Original Video:

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Citations/Source Material:

Freedman, D. H. (2016). Basic Income: A Sellout of the American Dream. MIT Technology Review. 119(4), 48-53.

Schneider, H. (2017). Universal Basic Income—Empty Dreams of Paradise. Intereconomics/Review of European Economic Policy, 52(2), 83-87.

Sowell, T. (2014). Basic Economics. New York: Basic Books.

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The Truth about Amazon HQ2 and New York

Everyone is talking about the #AmazonHQ2 situation. Should New York be offering tax incentives to Amazon? Should Amazon have chosen not to go forward with the deal? In this video, we discuss basic economics and demonstrate yet again that the problems with this deal begin and end with the government.

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Citations/Source Material:

Balfour, B. (2018, March 13). Politicians Are Rushing to Ink Cronyist Deal with Amazon | Brian Balfour. Retrieved February 12, 2019, from https://mises.org/wire/politicians-are-rushing-ink-cronyist-deal-amazon

McMaken, R. (2018, November 16). Why Politicians Love the Amazon Deal | Ryan McMaken. Retrieved February 12, 2019, from https://mises.org/wire/why-politicians-love-amazon-deal

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Marxist Economic Theory Easily REFUTED w/ Richard Wolff

Joined again by my elite level patron Nightshift10000, we take on Marxist Professor Richard Wolff. Appearing on the Jimmy Dore Show, Dr. Wolff attempted to explain Marxist economics and why they are superior to any other economic systems. It’s a shame he has not historical data to support his assertions, especially since his own students were involved in the failed government of Greece.

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Original Video:

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Citations:

Hansen, H. (2003, July 22). Denmark: A Case Study in Social Democracy. Retrieved January 20, 2019, from https://mises.org/library/denmark-case-study-social-democracy

Heritage Foundation. (2018, February 2). 2018 Index of Economic Freedom. Retrieved January 20, 2019, from https://www.heritage.org/international-economies/commentary/2018-index-economic-freedom

Kristof, N. (2008, December 20). Bleeding Heart Tightwads. The New York Times. Retrieved from https://www.nytimes.com/2008/12/21/opinion/21kristof.html

Sowell, T. (2014). Basic Economics. New York: Basic Books.

Von Mises, L. (1998 [1949]). Human Action: A Treatise on Economics. Auburn, AL: The Ludwig von Mises Institute. Retrieved from https://mises.org/sites/default/files/Human%20Action_3.pdf

What Amazon does to wages. (2018, January 20). Retrieved January 20, 2019, from https://www.economist.com/united-states/2018/01/20/what-amazon-does-to-wages
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Robert Reich: The Big Economic Hoax

Robert Reich of Inequality Media would like you to believe that the reason the national debt is growing is because the rich aren’t paying their fair share of taxes. Not only is Reich ignorant of Hauser’s Law and the other realities pertaining to how much the government can hope to collect in tax revenues, but he also seems ignorant of the fact that under the Federal Reserve system, the government literally has to keep going into debt.

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Citations:

Mike Maloney’s Hidden Secrets of Money Episode 4: The Federal Reserve: The Biggest Scam in the History of Mankind:

Syrios, A. (2015, November 23). The Good Ol’ Days: When Tax Rates Were 90 Percent | Andrew Syrios. Retrieved January 15, 2019, from https://mises.org/library/good-ol-days-when-tax-rates-were-90-percent

Why Tax Cuts and Tax Hikes are Fundamentally the Same by My 2 Cents: https://my2centsvideos.com/2018/11/19/why-tax-cuts-and-tax-hikes-are-fundamentally-the-same/
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2 Day with 2 Cents LIVE (Jan 5, 2019)

This week’s episode will be a live broadcast, discussing current events to include the continuing government shutdown, Elizabeth Warren, Alexandria Ocasio-Cortez, and predictions about the economy for 2019.

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The Case for Anarcho-Communism Debunked (w/ Nightshift10000)

Joined again by my elite level patron Nightshift10000, we review a video called “The Case for Anarchist Communism” from the channel Christopher Szabo. Anarcho-Communism is and ideological oxymoron. In such a society, if an individual decided to create a commodity and sell it for a profit, other members of the collective could either use force to stop him or not use force to stop him. If the former, the society is not an anarchy. If the latter, it is not a communist society.

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Citations:

Avrich, P., & Miller, M. A. (2018, December 17). Peter Alekseyevich Kropotkin. Retrieved December 19, 2018, from https://www.britannica.com/biography/Peter-Alekseyevich-Kropotkin

Von Mises, L. (1949). Human Action. Auburn, AL: Ludwig Von Mises Institute.
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Ocasio-Cortez “Grand Vision” DEBUNKED

A few weeks ago, Alexandria Ocasio-Cortez spoke with Cenk Uygur of The Young Turks about her plan for America and the Justice Democrats upon her election. New York did indeed elect her on November 6th, but myself Nightshift10000 have taken the time to explain yet again why her lofty vision is nothing but long debunked nonsense.

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Why Wealth Inequality is Awesome (Vox Debunked)

Vox put out a short video explaining how dangerous wealth inequality, and its little brother income inequality, are to society. Putting aside the fact that income inequality decreases the more economically free a country is, people often forget that wealth inequality is a good thing. Wealth inequality is what allows the market to take the luxuries of today and turn them into the necessities of tomorrow.

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Original Video:

Citations/Further Reading:

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

Economic Freedom and Inequality: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1465-7287.2012.00343.x?deniedAccessCustomisedMessage=&userIsAuthenticated=false&

70% of Lottery Winners Go Bankrupt: https://www.cleveland.com/business/index.ssf/2016/01/why_do_70_percent_of_lottery_w.html

Ludwig von Mises, Economic Freedom and Interventionism (FULL TEXT): https://mises.org/library/economic-freedom-and-interventionism/html

Open Secrets Political Donations List: https://www.opensecrets.org/orgs/list.php?cycle=ALL

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Why Capitalism is Awesome (Non-Compete Debunked)

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Original Video:

Citations/Further Reading:

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

The Link Between Lack of Economic Freedom and Wealth Inequality: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1465-7287.2012.00343.x?deniedAccessCustomisedMessage=&userIsAuthenticated=false&

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Kate Upton Debunks Karl Marx on Class Theory

What does Kate Upton have to do with Karl Marx’s class theory and class struggle? Well, quite simply, the fact that Kate Upton is a member of Marx’s proletariat and yet a member of the 1% proves that Marx’s theory is wrong.

Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for -fair use- for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.