Friday, November 13, 2009

 

Keynes is Not the Plan, It Is an Excuse

Eirk Voorhees: "Keynesianism is a farce (akin, almost ironically, to alchemy) - yet its preeminence remains firmly endorsed by an organization desperately seeking any excuse to control the lives of its subjects, and its gaping fissures remain unexamined by a public inculcated in the very schools funded by the same organization."

William Jacobson: "In addition to all the other problems with highly subsidized, income-tested health care benefits, will come an even more permanent underclass which, being economically rational, will choose not to earn another dollar rather than lose more than a dollar of benefits."

The link above is from TigerHawk who comments: "If people on the dole give up more when they go to work than they can possibly earn on the job -- an implicit marginal tax rate of more than 100% -- they will become permanent constituents for the welfare state."

(Emphasis mine). Yes, that is the plan.

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