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Politics : Mainstream Politics and Economics

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Jorj X Mckie

To: koan who wrote (54689)	10/7/2013 9:17:39 PM
From: TimF	2 Recommendations Read Replies (2) of 85487

Mitigate != cure Also the more the state provides for more people, the more it creates perverse incentives. The less people have to work for themselves, the less they will work. The more you take from those who do create wealth, the less wealth they will create, and the more effort they will spend on hiding the wealthy, lobbying the government for tax breaks, taking advantage of existing tax breaks. Also the more you crowd out associations and community groups that used to exist to take care of people who fell on hard times. Government has more resources (taken from others) than those groups ever did, but it is more likely to use those resources in inefficient ways* and create perverse incentives in doing so. * - the way the government often measures efficency it sometimes can be very efficent. With its size and economy of scale it can sometimes, push out a larger percentage of what comes in on the effort, leaving a lower percentage on overhead. But just pushing out money isn't actually efficiently using that money.

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