To: Triple; tcostell; George W. Bush; Tamsey; Cyber Liberty; SupplySider
Krugman Truth Squad ping!
To: ReleaseTheHounds
If each job costs 500,000.00 spread over 10 years for each 40,000.00 job, thats only 400,000.00 of income so I can see where he would be complaining. The problem with Mr Klugmans postulation is that he assumes a 'static' economy and a 'static' payscale. Over 10 years a person starting out at 40k will most likely be increased to 70k without even trying. If that person invests in himself he can take that chance he was given and advance into the Six Digit territory and be called "RICH" by the Klugmans of the world. That is the nature of a dynamic freemarket economy.
Now if you spent that same half a million on a socialist program... THAT would be a static cost with no return whatsoever. If you GIVE that same person 40,000.00 per year (saving the government 10,000.00/yr) he will not be incentivized to self improvement and will from that point forward be a societal burden.
But of course... Thats what the democrats want is to create a society that is dependent on the Government. Ba'athists!
4 posted on
05/07/2003 6:30:51 AM PDT by
Samurai_Jack
(Im just asking)
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