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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (212917)12/28/2012 9:22:43 PM
From: koan  Respond to of 541519
 
Ezra Klein is just a tour de force of his own. Boy is he good.



To: koan who wrote (212917)12/28/2012 9:26:32 PM
From: cosmicforce1 Recommendation  Read Replies (2) | Respond to of 541519
 
> increases productivity by $60 to $300<

That is a difficult initial value differential equation if we believe in macroeconomics. These equations become divergent or convergent depending upon different ratios of positive and negative feedback and the multipliers given to these elements. I think these make it impossible to guess the output.

Based upon my experiences with human nature, if something is given for free that other people have to work for, the net productivity falls. It is a death spiral because those that really don't want to work in their marginal job (all they are qualified to do) see marginal advantages to becoming "needy" especially if "needy" doesn't mean being all that poor.

I think everyone (and I do mean EVERYONE) who receives a government dollar has to do something - from scraping bird crap from benches to holding the hand of the dying, dependent upon age, skill and demeanor. Many welfare states will circle down the drain of reduced productivity if there is no incentive to work.