scottlowther wrote:2) Government needs to govern within the confines of the *Constitution,* whatever your nation's constitution might be.
I'd love to see how that works with the unwritten constitution and parliamentary sovereignty of the UK (and elsewhere).
ray245 wrote:If the consititution doesn't mention anything about interstate commerce, does this mean that the US should not be allowed to build interstate highways?
Presumably it will require cooperation between the states involved (or a referendum, even) or private companies building toll roads. Perhaps the federal government could hold a referendum on raising a tax specifically to fund this program.
ray245 wrote:I would like to see prove that end-user consumption tax is enough to cover for all the necessary expense.
Well, depending on how libertarian you are, you could cut back drastically on defence ($782bn), medicare / medicaid ($676bn), social security ($678bn), and I doubt would have TARP ($151bn) at all.
Source. Not saying that those figures would all be down to zero of course, but here's what you'd spend on defence if you did it like the UK (x5, assuming
very rough 60m / 300m populations, converted at the current exchange rate) - just $292bn (£38bn x5). Healthcare, social security etc I haven't done, because under a libertarian system government would presumably pay a lot less for them, whereas the UK pays more than the USA.
From
here and assuming the same simple multiplication, a consumption tax (like the UK's VAT) could certainly cover the above defence budget with plenty of room to spare (actually, x2.27 is all you'd need to cover $292bn).
Of course, I fully realise that this is a... pretty unrealistic scenario for a whole number of reasons, not to mention one that would hit the poorer sections of society hardest.
Alyrium Denryle wrote:As far as regulation is concerned, the sale of patented tonics and literally snake oil as medicines at the beginning the 20th century was enough to convince me that an unregulated system will not work here.
It still happens to be honest. And if you need new $1000-per-yard power cables with built-in quantum fields to make your speaker system sound even better, I can get you them too...
Alyrium Denryle wrote:However if this was privatized (say a certification company contracted by the drug manufacturers... and possibly owned by them eventually) then the certification company has an incentive to maintain their contracts by telling the pharma companies what they want to hear. This inherent conflict of interest does not exist with government regulation.
Of course, supposedly under libertarian systems the certification company would realise it's in its best long-term interest to certify properly. Much though as I like Adam Smith, flat taxes and the idea of "good government is minimal government", it should be obvious that this won't work well in practice (or at least not for long).
Alyrium Denryle wrote:There is opportunity for corruption of course, but it is not inherent in the practice and set into its structural framework. Failures in drug regulation can hurt or kill a lot of people. I fail to see how maximizing individual liberty is workable here.
As you noted, libertarianism requires people to be moral & rational.