Author: dragon8

Almost Half of America is on Welfare   [Copy link] 中文

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Post time 2014-9-3 06:50:07 |Display all floors
This post was edited by Ted180 at 2014-9-2 17:55
Alarico Post time: 2014-8-29 18:36
I copy from your post what I would like to reply to and then insert it into quotations. You can do ...


One problem in calculating the % spent on "welfare" (any social transfer or subsidy program) is that many of these are not "means-tested" and go to all income groups. For instance, in Canada, I receive "Old Age Security" though my investment income is about $ 100,000 (I'm a well-off 71-year-old retired doctor). At least the payments are "clawed back" at source. There's a purely economic reason I favor taxing the rich and transferring the proceeds to the poor. It is all based on the Marginal Propensity to Consume (MPC). When a moderately rich fellow like me receives a dollar, I'm likely to save and invest about 40 cents of it, spending perhaps 60 cents. So less of the money I get is spent on consumer goods than a poor person's. So to stimulate production and employment, more money should go to the poor - most of whom will spend the entire dollar. Furthermore, there are more poor people than rich people. Not only that. When I invest (providing capital to make production more efficient), the deficient purchasing power of the poor means that productivity cannot be purchased. So my investments have a lower return than if the poor could purchase more. My policy is partly based on my concern for the poor and their children. But it is also basically self-centered. Actually, I am a rather "conservative" person. I don't like rapid social and economic change or any disorder. I am careful with spending and I value security above being "trendy". I also agree that a "productive" person (who provides goods and services for others) is much happier than an unproductive one.
My problem is simple: I just know better than everyone-else!

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Post time 2014-9-4 08:13:16 |Display all floors
Alarico Post time: 2014-9-2 21:22
Always a pleasure to speak with a doctor; your line of work is much more in the nature of improving ...

I'll take a day or so to absorb your reply. It's 8 pm in Ottawa and old folks like me go to sleep early. It's a pleasure to debate with you in such a civil manner. I have questions about the different significances you attribute to "production" and "services".
My problem is simple: I just know better than everyone-else!

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Post time 2014-9-4 10:11:45 |Display all floors
Alarico Post time: 2014-9-4 08:39
Likewise.

I haver been following this debate between yourself and Ted and find it interesting.

The capitalist system in the US has changed beyond recognition in the last 100 years. The over-accumulation of wealth has distorted the democratic process and penalised the citizen.

The abolition of all financial controls,  has established a distinct group of very rich people who have no allegiance to the citizens or the state. Major corporations are off shore and do not pay their fair share of tax, they view the citizens as consumers only and in times of war, as cannon fodder to protect the corporations' interests.
The world needs more idiots like me, all the others think they are clever.

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Post time 2014-9-4 21:40:38 |Display all floors
TheHermit Post time: 2014-9-3 21:11
I haver been following this debate between yourself and Ted and find it interesting.

The capitali ...

Please join us. I will agree with you that the weakening of economic regulation since the 1980s is a problem. I take a kind of middle-ground between capitalism and socialism. I want a combination of the two that is optimal for both political stability and standard of living. I'm basically a "social democrat" but not a "democratic socialist" (a real distinction).
My problem is simple: I just know better than everyone-else!

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Post time 2014-9-7 22:31:06 |Display all floors
Perhaps the WORDS used to describe social transfer programs contribute to the negative opinions of upper- and middle-class people and conservatives. Particularly the word "ENTITLEMENT". The stress on the aspect of social transfers as an "individual right" moves attention from them as a "social utility" to maintain "social peace", stability and effective consumer demand (all of which are a general benefit to all). Raised in an upper-middle-class family, I never had any doubt that I would be unlikely to receive such transfer payments and felt they were for the less-fortunate. Any "entitlement" I felt was from my own parents. Subsequently, I discovered that my medical education cost $ 10,000 per year. My actual tuition fees were only $ 1000 per year. The taxpayers paid 90% of my medical education! So I am a massive "welfare recipient" despite my family's relative wealth! So I feel a DUTY to pay my taxes.
My problem is simple: I just know better than everyone-else!

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Post time 2017-8-20 22:02:15 |Display all floors
Tip of the iceberg concerning american decadence.

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