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dustarook300 karma

Yeah, one of the things that turns me off from the mainstream libertarian party as opposed to other libertarian schools of thought. It relies too heavily on classical economics and makes zero accounting for monopolies, the tragedy of the commons, corruption in politics, externalities just to name a few. I was really hoping for some reasonable responses here but all i'm seeing is "Nope those things don't happen you're wrong..."

They absolutely do happen and we need to design our institutions (government or otherwise) to account for them.

edit: Well I cam into this thread hoping I'd find some more faith in the biggest 3rd party on the ticket, but all I got was disappointment. Looks like Hillary will be our next president. I'm still determined to vote 3rd party regardless, but probably not libertarian unfortunately.

dustarook134 karma

Thanks for doing this AMA. I studied economics in college and have identified with some form or another of libertarianism ever since. I have 2 questions:

1) How do you feel about the negative income tax proposed by Milton Friedman for lower income people? I feel like it could be a pretty uniting issue and is a more responsible type of basic income.

2) One of the issues that has made me step back a bit from Gary Johnson after being a strong supporter initially is his proposal for a national sales tax. The main issues I have are: a) consumption taxes can be regressive, meaning they abnormally affect lower income individuals b) they can have an adverse affect on consumption, which slows the velocity of money circulating through the economy (i.e. the money multiplier affect) What are your thoughts on how to counteract these negatives?

Is there really value in making such a fringe view on taxation such a large part of the party platform?

dustarook115 karma

Except states where energy infrastructure is already based entirely on coal (almost all of them) politicians are incentivized to maintain coal sources. Utah voted to spend $50 million building a coal port in Oakland. Luckily Oakland voted it down.

dustarook12 karma

The automod should always be downvoted. Filthy robot takin ar jerbs!!!

dustarook9 karma

Totally. Just give up on people and close lines of communication. I quit being republican a few years ago but I can appreciate people taking on the monumental task of driving change from within.

Mad respect to this guy.