Comments by "whyamimrpink78" (@whyamimrpink78) on "Are Entitlements On The Republican Chopping Block?" video.
-
Antonius Britannia
You don't want people to work just for the sake of working. I can have people dig holes in the desert and they will be working. You want wealth to be generated. When the tractor was created there were less workers in the field but more food was being produced.
You never said per retiree.
Wage stagnation is a myth.
http://www.cnbc.com/2014/01/29/-wage-stagnationcommentary.html
http://www.wsj.com/articles/SB10001424127887323468604578249723138161566
You have to consider a couple things. One, technology is much better. Cars, for example, are safe, last longer, get better mileage, have more accessories, etc. Overall, cars are cheaper. Smart phones have more computing power than what put a man on the moon. People's lives are better overall. You are simply looking at wages and not what you can buy with them.
You also have to consider Skilled Bias Technological Change. If people want higher wages the have to develop more skills. We have a lot of work that can be done in scientific research, the medical field, engineering etc. People just don't want to pursue those careers because it is a lot of work. I get stressed out doing it myself. It is much easier for people to do what you are doing and simply say "wages have been stagnate" and "the government should provide me things". This is why we have problems and a growing income inequality (which I admit is a problem). You have people that actually work and people who don't. SS needs changed. That will be a great start.
2
-
2
-
2
-
2
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
pete sampson
SS is running out of money. Even Kyle admits that. The reason why is that it doesn't turn a profit and we have become too dependent on it. We need to change something. At the very least raise the age of retirement. But SS is losing money is a pure example of why social programs don't work well. When you take money from someone who can invest it and give it to those who can't, then you hinder economic growth.
"Well? Most investments actually return less to the economy as a whole than direct entitlement payments do"
Wrong. You have something to lose in an actual investment thus you will spend your money wisely.
"Invested money doesn't generally go to the purchase of goods or services"
I agree. It goes towards increase production of goods and services. With me, I can use that money to buy a new textbook, learn a new skill, and expand my research.
"Wealth for the sake of wealth does not serve society."
Not to be rude but that has is one of the most economic illiterate phrases I have ever read.
"I assume you think taxes are bad"
Not necessarily.
"our government spends money on; military, police and fire departments, schools, roads, parks, airports, and safety net programs"
Military: federal level and constitutional
Police: funded by the local governments and ran by them
Fire departments: funded by the local government and ran by them, also, around 70% of fire fighters are volunteer
Schools: ran and funded by the state and local governments
Roads: Around 3/4 of funded by roads comes from.....wait for it.....the state and local government
Parks: most funding by state and local government
Airport: You know the trend
You are making a poor comparison here You are pushing for a failed program by comparing it to other programs ran at the state and local level. I have no problem if a state were to run a program similar to SS. But at the federal level it is clearly a failure.
1
-
1
-
1
-
1
-
1