Indigenous Billionaires

Welcome to the Harvard Lunch Club Political Podcast for January 23, 2019 number 209 it is the Indigenous Billionaires edition of the podcast (yeah, we’re not exactly sure what that means either). We are your poor but proud hosts, radio guy Todd Feinburg and AI guy Mike Stopa and we come to you every week with the scintillating discussion of the issues of the day that – we’re not kidding here – you’re just not going to find anywhere else.

This we we have two topics…That’s no surprise; we have two topics every week. We will discuss the intellectual and economic (and moral!) foundation of Alexandria Ocasio-Cortez’ argument that we’d all be more virtuous if we just took a boatload more money from the filthy rich and then gave it to the poor. Why is it that the ideas of the free market that (in case you haven’t noticed) brought the world untold prosperity are after all so hard to grasp? We discuss.

Then, the Covington boys and the Indigenous Person. Man this is such a hoot. The guy (Nathan Phillips) has been interviewed about thirty times since Saturday and he has managed to say basically nothing coherent, nothing true and still he never repeats himself. If this is the wisdom that the Native People have left you can figure out why their culture is such a mess.

Our shower thoughts? YES! Our hidden gem? From Paul McCartney: “Ram.” Enjoy!

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Published in: Culture, Economics, Politics

There are 7 comments.

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  1. OccupantCDN Coolidge

    I think the quote you where looking for was “fake but accurate” verbal diarrhea from Dan Rather.

    A couple of points from earlier in the podcast – I have to start writing my post as I listen because there are so many new points as I listen that I forget earlier ones…

    I think Mike Stopa is wrong about the kid. I dont think he was being aggressive at all. I think he was a teenager, and being uncomfortable and nervous, didnt know what to do with himself. So he just stood there and smiled hoping to defuse the situation. Generally speaking if you dont respond to an agitator they get bored and move on. I think that’s what he was hoping for. On the contrary, I think this kid is a saint, he didnt respond the bigots yelling epithets at him for over an hour. Far more restraint than I would’ve had at his age.

    I think these kids should sue every newspaper, twitter and celebrities who have posted slanderous and threatening messages about them. This could be twitter’s gawker moment.

    There has developed a new media complex that derives profit from offended and dividing the public. To drive wedges deeper into the American tribalism.

    I think AOC, has fallen onto the perfect arguments for socialism – it cant be argued on economics, because that has been demonstrated to be a complete failure everywhere its been tried, but rather on moral grounds. Its a tougher argument to make that billionaires should be left to their own devices while so many others are in need. (American need – which lets face it – isnt Calcutta need) She seems to think that billionaires have treasure rooms like Scrooge McDuck and just swim in gold coins. Not realizing how many thousands of people billionaires employ – around the world. A world without the wealthy is a world with profound and pervasive poverty.

     

     

     

     

    • #1
    • January 23, 2019, at 10:10 PM PST
    • 1 like
  2. OccupantCDN Coolidge

    The other point I wanted to make:

    I remember seeing a documentary about Mark Zuckerberg’s Gift to Newark, (however looking for it now, I cant find any web sites for it) which with other fundraising came to $200 million dollars. The kindest way to describe the results would be disappointing – there was no statistical difference in test scores, graduation rates or any measurable way to prove that the money made one iota difference to the education the children received.

     

    • #2
    • January 24, 2019, at 12:30 AM PST
    • Like
  3. colleenb Member
    colleenb Joined in the first year of Ricochet Ricochet Charter Member

    Good podcast – although I can’t say the song wowed me. But then I always liked George more than Paul – Paul was too pretty boy for my teenage tastes. Agree with @occupantcdn that the economics major (AOC never read Hayek I bet) has to make a moral case for socialism. And, of course, that moral case can have nothing to do with religion.

    • #3
    • January 24, 2019, at 9:21 AM PST
    • Like
  4. Jeff Hawkins Coolidge

    OccupantCDN (View Comment):

    I think AOC, has fallen onto the perfect arguments for socialism – it cant be argued on economics, because that has been demonstrated to be a complete failure everywhere its been tried, but rather on moral grounds. Its a tougher argument to make that billionaires should be left to their own devices while so many others are in need. (American need – which lets face it – isnt Calcutta need) She seems to think that billionaires have treasure rooms like Scrooge McDuck and just swim in gold coins. Not realizing how many thousands of people billionaires employ – around the world. A world without the wealthy is a world with profound and pervasive poverty.

    the dark secret is that not only do they need to tax income, they need to “eminent domain” attained wealth to achieve their ends

    the economic fallacy is that giving money to people who aren’t good with money will only result in them ending back where they started. A large percentage would just buy stuff vs. build a better foundation. Then we’ll get the same defenses we see regarding “looting” in times of uprising or natural disaster when the electronics store gets ransacked i.e. “who cares if they’re not using it for necessities, they’ve suffered from oppression so the material goods will bring them joy.”

    • #4
    • January 24, 2019, at 9:34 AM PST
    • Like
  5. OccupantCDN Coolidge

    Jeff Hawkins (View Comment):

    OccupantCDN (View Comment):

    I think AOC, has fallen onto the perfect arguments for socialism – it cant be argued on economics, because that has been demonstrated to be a complete failure everywhere its been tried, but rather on moral grounds. Its a tougher argument to make that billionaires should be left to their own devices while so many others are in need. (American need – which lets face it – isnt Calcutta need) She seems to think that billionaires have treasure rooms like Scrooge McDuck and just swim in gold coins. Not realizing how many thousands of people billionaires employ – around the world. A world without the wealthy is a world with profound and pervasive poverty.

    the dark secret is that not only do they need to tax income, they need to “eminent domain” attained wealth to achieve their ends

    the economic fallacy is that giving money to people who aren’t good with money will only result in them ending back where they started. A large percentage would just buy stuff vs. build a better foundation. Then we’ll get the same defenses we see regarding “looting” in times of uprising or natural disaster when the electronics store gets ransacked i.e. “who cares if they’re not using it for necessities, they’ve suffered from oppression so the material goods will bring them joy.”

    You only have to look at the fates of low-income lottery winners to see the truth of it. Sure they have a good party for a few years, take a few dream vacations, but they often end up back right where they started. Broke.

    Also taking a billion dollars from 1 guy, to distribute to 10 million people wont change any of the recipients lives. There simply arent enough billionaires to go around.

    • #5
    • January 24, 2019, at 11:34 AM PST
    • 1 like
  6. Michael Stopa Contributor

    colleenb (View Comment):

    Good podcast – although I can’t say the song wowed me. But then I always liked George more than Paul – Paul was too pretty boy for my teenage tastes. Agree with @occupantcdn that the economics major (AOC never read Hayek I bet) has to make a moral case for socialism. And, of course, that moral case can have nothing to do with religion.

    What Todd heard in that song is a mystery to me….pure nostalgia I guess!

    AOC is going to continue to provide entertainment!

    • #6
    • January 25, 2019, at 1:02 AM PST
    • Like
  7. Todd Feinburg Contributor

    That Paul McCartney song is the greatest piece of music ever recorded. I don’t know what’s wrong with you people!

     

    • #7
    • January 29, 2019, at 2:44 AM PST
    • 1 like