Tag: Benefits

Join Jim and Greg as they focus on the mayhem continuing in the streets of American cities.  They’re very bullish on the idea of Indiana Rep. Jim Banks to end unemployment benefits for anyone convicted of committing a federal offense at a protest. They also scratch their heads as Joe Biden and other Democrats condemn President Trump for wanting to use federal power to stop the rioting while also trying to blame Trump for the destruction in the first place. And they examine the pathetic case of Portland Mayor Ted Wheeler, who grovels to the radicals more and more as they treat him worse and worse.

Quote of the Day: Costs and Benefits

 

“Weighing benefits against costs is the way most people make decisions – and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.” – Thomas Sowell

As a nod towards Dr. Bastiat (@drbastiat) and his post “A Brief Excursion into Hero Worship,” I thought it fitting to provide some Sowell food with today’s quote of the day. Rummaging through my collection of unused Thomas Sowell quotes, I decided this one best fits the events of 2020, since so many are driven by the government’s pursuit of benefits at whatever cost, however large.

Cartels and Concierge Bureaucracy Management

 

Several years ago I heard an amusing story on NPR’s Planet Money program. The story described an Indian entrepreneur who, frustrated with India’s local political corruption and red tape, started a new business: Concierge Bribery. For a fee, he would seek out and pay off all of the sundry local officials whenever a local business needed something done. I thought how lucky we were that America had not yet descended to that level. I was deeply wrong. We, in fact, have had concierge bureaucracy managers for some time.

While it is generally a good maxim to never ascribe to mendacity that which can be explained by incompetence, normal logic seems rarely to apply to any of the corruption and rot stemming from Obamacare (and for the record, I refuse to call it “The Affordable Care Act”, or ACA). The act seems explicitly designed, among other things, as a tool to force a cartelization of the entire medical industry. We see this in the rapid demise of independent practices, as they close up shop and merge into large provider networks — effectively regional medical cartels. What we are not yet seeing, or rather noticing, on any scale is the very similar effect Obamacare (when coupled with the many other business strictures in place) is having on general employment itself.

Hillary Clinton and Lake Wobegon Economics

 

marketbasket41On Thursday, Hillary Clinton invoked the famous (in New England) Market Basket saga while campaigning in New Hampshire:

Using last summer’s epic corporate showdown among members of the Demoulas family over the future of the [supermarket] chain, Clinton said customers realized “it’s not just shareholders who make you profitable, it’s everyone who buys things in their stores … the people at the cash register and stocking their shelves.”

She continued:

Retirement and Responsibility

 

It is generally believed that every able man should work in his youth. The responsibility to work is most obvious when a person fails to support himself financially, but it is commonly asserted that financial debts are not the limit of this responsibility. Even the son of a billionaire would be looked down upon if he was not somehow productive. To “mooch” is shameful behavior even one’s patrons are unaffected.

It is similarly common to believe that an old, less able man needn’t work any longer. We say that he has “earned” his rest and leisure. The point is easy to grant if the man in question has sufficiently saved to ensure his own financial security for decades forth. Many retirees find ways to be active, socially or in isolation; but we do not demand such activity. For the retiree’s relatives and neighbors, retirement is a time of thanksgiving and recompense.