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Your Scary-Ass Chart of the Day

October 23rd, 2013 - 10:38 am

CHART

Sustainability.

It bears repeating: You can’t fix poverty by giving people money.

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All Comments   (4)
All Comments   (4)
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You can’t fix poverty by giving people money.

But you can buy votes.

43 weeks ago
43 weeks ago Link To Comment
Here's a thought: what would it cost for NASA to take all the people in America on welfare and ship them to Mars?

What would it save? Are the opportunity cost savings enough to make the project worthwhle?
43 weeks ago
43 weeks ago Link To Comment
It's giving people money after the bureaucracy has skimmed off half to run itself and then 90% of the rest goes misdirected due to graft and corruption. This is the biggest scandal in the history of the planet, period.

In economics there is a term: opportunity cost. A dollar spent on X is unavailable to be spent on Y. Y had a positive value, so the lost opportunity of doing Y is the opportunity cost of funding, and doing, X.

The opportunity cost of the War on Poverty, starting with LBJ (45 years ago), is staggering. How many of the current recipients (and their grandparents) of welfare would have been employed had taxes been lower, not being needed for the War on Poverty? How much more advanced would the economy of the US be with those funds being reinvested in money (wealth) creating business? Wouldn't our space program have looked much like "2001" in 2001?

This opportunity cost of government programs is never discussed, yet is the core of the attack on free enterprise and has been going on for way more than 5 years. But this 5 year, $3.7 Trillion benchmark feels correct given the USA debt situation. It is sad beyond words, because we have chosen this path.
43 weeks ago
43 weeks ago Link To Comment
"You can't fix poverty by giving people money."

True. But if the Anointed can shift the goalposts from 'reduce dependency' to 'give people money' they can declare victory.
43 weeks ago
43 weeks ago Link To Comment
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