Posted on 11/14/2013 3:05:04 PM PST by Sir Napsalot
As Margaret Thatcher once pointed out, eventually the money runs out. You have to look at both action and consequence. With free money, less people will work. The less who work, the harder it is to come up with free money. Eventually you’re right back to the start but with a lot more poor people.
Hey, here’s a crazy idea...how about we just create a more business-friendly enviornment so that more people will get hired? That means less taxes and less restrictions. What do you say liberals? Nah.
They must get their economic lessons from the A rabs. They send a check to each adult male once they turn 21. A one time good deal though.
The 1% will pay for it!!
or we could just include government assistance in the calculation of poverty statistics and end 99% of poverty tomorrow.
Chappelle was (is, I guess) one of the greatest comedy minds ever. VERY biting humor, and really cut racism and the race games (on all sides) to the bone.
The powers of political correctness targeted him and effectively made him doubt himself such that he quit.
They tried this in SF a few years back. Every homeless person within a 500 mile radius made haste to get to SF. The liberal bastion quickly reversed its plan. But too late, those that arrived made themselves at home and decided to stay. That is why SF has become the cesspool that it is.
Small problem.. we’ll immediately lose hundreds of thousands of jobs from among the “social services” agencies. I’m not sure having out of work social workers walking the streets and lurking around legislative agencies looking for something to justify their existence isn’t more harmful to the nation than an equal number of homeless.
They covered the bread part; what about the circuses?
When do we stop living their lives for them?
If you took all the money from the rich and gave it to the poor, in a year or two, everything would be just as it was before.
Communists solved that problem, they just killed the rich.
I think minting the Trillion Dollar platinum coins would work better at restoring prosperity.
The good news: The government will send you $100,000.
The bad news: The U.S. dollar will be worth approximately two cents.
I’ve long suspected this was how the Democrats planned to get out of debt.
...Real wages have been stagnant in America for decades now and income inequality has grown immensely...Vinik goes off the rails right there. Wages have risen dramatically for decades -- over 5 decades in my experience. I don't know anyone who is restricted to the buying-power they had when they first started working. Even unskilled labor wages have risen, and that's despite the *massive* influx of folks from south of the border "willing to do the jobs Americans won't do" (Ahem).
The article is a full-on straw-man argument. It merely demonstrates that Vinik's point of view is invalid and that's the best that can be said of the article.
As crazy as it might sound, none other than Charles Murray has advocated such a thing. His plan is actually probably better than what we have now, but I still dont think it would work as intended. You give people free money, and it would simply decrease the value of money. Still, however, it was interesting to read his justification of it.
While this isn’t “ideal”. I think it would be vastly preferable over what we have.
1.) Eliminate all welfare programs and the overhead to administer. Huge savings by eliminating the overhead/fraud.
2.) Provide an incentive for everyone to work. Every dollar you earn is... 60 cents or so you earn :)
3.) Spread the tax burden back onto the majority of Americans. The “free money” was tax free, everything else is taxed.
4.) Require a state issued photo ID to collect the money... oh, btw... same ID you use to vote.
5.) Have to confirm you are alive once a year to keep getting the money... good bye dead voters.
6.) Removes several dis-incentives to marry, and one of the biggest vote gaps is single v.s. married.
7.) Hard for the Democrats to argue against... “free money”!
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