Thread: California decides to help itself to an interest free loan via its citizens

That administration was able to do that because we had the lowest unemployment rate in thirty years.

Why haven't the republicans been able to do the same thing with twelve consecutive years? The democrats did it in under eight years.

Originally Posted by danielpalos

Swoop,

I think you may be resorting to a fallacy of false cause with your line of reasoning. We were running massive surpluses until republicans were elected.

How do you solve for a natural unemployment rate without socialism?

Errr... eliminate the artificially high minimum wage. Basic Austrian School Economics, baby!

I am of the opinion that the marginal utility of simply paying people to not work is more cost effective than eliminating a minimum wage; even if I cede a point concerning no minimums (of AnCap) being an analogous equivalent to statism concerning accounting methods regarding unemployment.

Consider that anyone on an unemployment compensation wage would be free to pursue other opportunity costs; while someone making a market based minimum wage may only make enough for subsistence. It is the difference between a more capitalistic third world economy and first world or more developed economy.

Providing for the general welfare is an enumerated purpose for which our tax monies are to be raised.

I was being a wiseass and simply answering the question asked. I took no practical considerations into account, because if I had, I wouldn't be a wiseass.

Originally Posted by danielpalos

I am of the opinion that the marginal utility of simply paying people to not work is more cost effective than eliminating a minimum wage; even if I cede a point concerning no minimums (of AnCap) being an analogous equivalent to statism concerning accounting methods regarding unemployment.

Consider that anyone on an unemployment compensation wage would be free to pursue other opportunity costs; while someone making a market based minimum wage may only make enough for subsistence. It is the difference between a more capitalistic third world economy and first world or more developed economy.

Providing for the general welfare is an enumerated purpose for which our tax monies are to be raised.

So we should pay people for doing nothing because its more efficient then minimum wage?

It seems you have absolutely no idea how the whole economic process actually works.

I find it astounding how you continue to make excuses for the lazy, justify their laziness and actually believe paying for them to do nothing is absolutely fine.

Of course never mind the fact that the person who works creates wealth and grows our economy.

Geez.

You would be more credible in your (moral) indignation if you weren't already paying for a war on poverty without actually solving for poverty. I can claim that it is more holy and moral to bear true witness to the federal at-will employment doctrine and state at-will employment laws; merely for the greater glory of our immortal souls. Are you implying that you would rather imperil your immortal soul simply to bear false witness for mere lucre?

Paying people to do "nothing" in the market for labor allows the opportunity cost of doing "something" in other markets. An example could be getting an education, learning a vocation, or simply pursuing Happiness as enumerated in our social contract.

Originally Posted by danielpalos

You would be more credible in your indignation if you weren't already paying for a war on poverty without actually solving for poverty.

Paying people to do "nothing" in the market for labor allows the opportunity cost of doing "something" in other markets. An example could be getting an education, learning a vocation, or simply pursuing Happiness as enumerated in our social contract.

No one is doing anything... People sit on their asses all day drinking 40's of OE and smoking blunts.

I can get in my car right now and go to North Chicago, its 9 AM and the streets will be empty because the lazy fucks are still sleeping. Now at 5 I can jump in my car and there will be massive amounts of people just selling dope, smoking weed, drinking 40's etc all in public to boot...

All this shits going on right in my back yard pretty much.

This is an epidemic that's out of hand. Of course we fuel it by PAYING them to do nothing. We pay for their drugs and booze ... What the fuck.

Next time you're having a bad day at work... Just think of the useless asshole who hasn't held a job in 20 years, who is drinking a beer at that moment on your dime.