The “I’ve paid in all my life” fallacy —- Social benefits are often sold as insurance-based schemes. But they don’t work that way

If there is one thing that will get people worked up it’s talking about the real nature of Social Security.

Social Security is not an insurance product. It is pay as a society goes. Payroll taxes pay for people currently on Social Security. Then, one day the payers become payees. Or that’s how it’s supposed to work. But what happens when one generation (the baby boomers) is larger than the following generation?

And that’s just one of the giant problems that need to be confronted with Social Security.

Read More

Obama can’t help but pop off when he hangs out with Merkel : Please Mr. former Pres., you’ve really done enough already, let America recover from your presidency

Obama is a failed president in most respects. Though I will grant that he is a re-elected failed president which makes his case all the more odd. His one “accomplishment” was Obamacare which has proven a failure and is currently imploding.

He lost the House. He lost the Senate. He blew up Libya. He helped spark the unrest in Syria. His IRS persecuted those who called for the rule of law.  The economy sputtered and sputtered more.

Read More

Basic economics San Francisco hipster style

I’m not dissing San Francisco here. I’m not even dissing San Francisco hipsters. (Who are way more fun that the Brooklyn type in my experience.) I actually like the city quite a lot. But I don’t have to pay taxes or deal with the regs (and people like below) there either.

I will also say that San Francisco is the only place I’ve ever been followed into a restaurant by a homeless person who demanded that I buy her a piece of pizza.

Read More

Mark Zuckerberg joins Silicon Valley bigwigs in calling for government to give everybody free money

 

Now, will Facebook be providing this money? Or will the middle class largely? You know on top of all the other programs it already pays for?

The one argument associated with a “universal basic income” which is even slightly compelling is that with a universal basic income one could then withdraw all welfare and just have people pay for the services they need with the explicitly “free” money. But we all know that won’t happen.

Read More

Is income inequality actually bad?

Castro and Chavez, the 2 richest guys in their respective socialist countries when they were alive.
But you can’t take it with you can you boys?

 

One can seek to have equality under the law. This must always be a goal. Seeking equality of income however is just stupid. Why should people make nearly the same income if they have widely varying skill levels and contribute to society, the marketplace,

Read More

Study: Physically Weak Men More Likely To Be Socialists

OK, I don’t know that I buy this. Some of the greatest anti-socialists of all time were not physical powerhouses. But I post mostly because it’ll work some people up and also because it might provide some actual insight.

So what of crony capitalists who seek to exploit government to line their own pockets? I’d be very interested to see if that group trended physically weak, strong, or neither. That would be interesting.

Read More

Trump’s rural voters fighting to keep their land from a growing web of pipelines (It’s happening in ACC’s backyard, almost literally)

This is certainly true where I live. Here the Democratic governor, former DNC head (I still can’t believe he got elected) Terry McAuliffe gave the green light to a new pipeline which will be owned and operated by Dominion Power which the company hopes will run just to the south of Charlottesville Virginia (my home town).

It is interesting that the Dominion/McAuliffe pipeline is slated to run right through the heart of Nelson County (to my south) and takes a jog around the well heeled and powerful city of Charlottesville (home to The University of Virginia).

Read More

Statement on Manchester attacks from that right wing nut Morrissey

For those who are not familiar with Morrissey or the band The Smiths, Mr. Morrissey is certainly not a right winger. But it sounds like he’s fed up.

The words below are not “incendiary” to me. They seem pretty matter of fact, and in many respects pretty much the truth. But the singer is catching heat for saying something that isn’t politically correct – in public.

Check out this lady who tries to make the argument that “misogyny”

Read More