Archived Rand Paul "Boston Bombers Were Coddled But They Still Attacked Us" (breitbart.com)
submitted ago by Sickofit
Posted by: Sickofit
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Archived on: 2/12/2017 1:51:00 AM
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170 upvotes, 9 downvotes (95% upvoted it)
Archived Rand Paul "Boston Bombers Were Coddled But They Still Attacked Us" (breitbart.com)
submitted ago by Sickofit
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[–] jaceame 0 points 7 points 7 points (+7|-0) ago (edited ago)
What is your opinion of unemployment insurance?
[–] Yukonman 2 points 25 points 27 points (+27|-2) ago
I'm not a supporter of it.
People use to have to save money for a rainy day. Now they depend on social benifits to cover them in the event of a job loss.
This provides a disincentive to save. We can find causation on the data series that proves Marginal Propensity to Save decreases as social benifits increase.
This becomes a problem, under the Solow Growth Model long run economic growth depends on a high MPS.
This hurts us in the long run and drives the inequality rate up. The largest factor for personal wealth and financial improvement is the individuals savings rates and the saving rates of their parents.
If we look at countries that have had the highest growth, it's the countries that have the highest marginal propensity to save.
Now counties in Europe have found ways around increasing savings rate while managing social benifits but it's not something the US does and as a result the policies hurt our economy and inflict a system of economic stagnation on individuals.
Source: Masters in Economics
[–] jaceame 0 points 2 points 2 points (+2|-0) ago
I can see that you are focused on self-management. It is obvious that people must learn self-control and have consequences for their actions. What is your opinion of socialized medicine? Or do you prefer affordable insurance driven by competition?
[–] whitehawk ago
I disagree with you. Having lived through the Saving and Loans, the 1980 recession and on and on we go. The structures of society benefit Corporations and Individuals, the Freerider mentality that policies and regulations should only benefit Corporations is short sighted. North America is reeling from Reaganomic ideology, there is so much 'trickle up' economics that Money is sitting idle and the utopian idea that Companies would invest the money has faltered. What a lot of people don't understand is some of the poorest countries in the World have the largest discrepancy of income. If Economics were measured to the medical field, it would have corpses laying around and constantly piling up. The 2008 bailouts are the cornerstone that Economic hasn't a clue what's going on, or how to build a solid system. The first book people should have to read for Economic degrees is Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. That way at least they would understand, that Economic theory has no relevance in reality.
[–] vacvape 4 points -4 points 0 points (+0|-4) ago (edited ago)
That's like a feminist with a degree in sociology. People used to ride horse and buggy too. You are ignorant to the world beyond that. We're so far away from "incentive to save" discussions it's just fucking hilarious.
[–] anonlymouse 2 points 3 points 5 points (+5|-2) ago
You do want an income floor so that you don't have a domino effect every time someone loses a job. There is a proper way to do welfare, but it's very minimal, and the key is to remove as many barriers to employment as there are (such as minimum wage), and you also can't have open borders and a welfare system.
[–] jaceame 0 points 2 points 2 points (+2|-0) ago
So you want companies to be able to hire people with ease, and people to get jobs with ease, that is reasonable. If there was no minimum wage would you be pro a livable guaranteed income?
[–] thefedisascam ago
Only if it is voluntary and not coerced by the guns of the state.
[–] jaceame ago
Do you mean that you only have to pay into it if you want to, and thus would only get the payout if you paid your share?