Mr Khan said:
I agree that idle money should be put to work, which is why i like the idea of 401 And again we have this implicit idea that government provides nothing of value. Public good is the most noble service at the end of the day, because it evens out the necessary inequalities of capitalism (i like my materialist excesses, which keeps me from being an advocate of Communism proper, but social democracy with a strong public sector is the best third way) EDIT: heh, i discovered a new smiley... |
s, and i'm not saying that money shouldn't be put to work while it idles, but that money should be thereI'm not convinced that the government "evens out" anything ... For example, the government of the United States of America has constantly increased its spending as a portion of GDP, is hitting a point where the excessive size of the government is threatening the stability of the economy, and yet there is little sign that the economy has become any more equitable from this intervention.
Welfare creates poverty because it takes people who are struggling because of lack of education and experience, and who may exhibit self-destructive behaviour, and prevents them from gaining education or experience while they continue their self-destructive behaviour. Food Stamps encourage low paying jobs by increasing costs on all businesses (even those that pay their employees well) to subsidize companies who pay their employees poorly. The government creating incentives for health care benefits created an industry with almost no way to controll the rapid increase in costs.
