A Laffer-Curve Relationship between Welfare Spending and Poverty

It should be fairly obvious that most of the relationships like taxation and relief distribution are not linear. You don’t get less poverty for the more money you spend and after a point tax revenue declines as the rate down. This should be evident in the fact that in spite of massive manipulations of both relief and welfare neither has been able to create massive increases of revenue or free us from poverty. Yet there is the constant drumbeat to increase taxes and welfare in spite of the obvious destruction that taxes and welfare have created.

They say that insanity is repeating the same things over and over again and expecting a different result. Yet here we are.
https://fee.org/articles/poverty-in-the-us-was-plummeting-until-lyndon-johnson-declared-war-on-it/?utm_source=zapier&utm&fbclid=IwAR0fLfpVwTgqkEDHmgmsCd3lpSv4AQEytA3INgh66wIARKtDXAFkbpP58Ok
As far as a I am concerned, victory in the war on poverty would be nobody needing the relief programs and the programs being shut down. Instead the programs expand and consume ever larger sums of money and effort, with little change in the results.

International Liberty

The welfare state is bad news. It’s bad for taxpayers and it’s bad for recipients.

It’s also bad for the economy since prosperity is in part a function of the quantity of labor that is productively employed. As such, government programs that lure people into dependency obviously reduce national economic output.

We can get a sense of how the nation is being hurt by reviewing some of the scholarly literature.

Writing for the Cato Journal, Lowell Gallaway and Daniel Garrett explore the relationship between redistribution spending and poverty reduction.

They start by pointing out that more welfare spending used to be associated with reductions in poverty. But when President Johnson launched his so-called War on Poverty and dramatically increased the level of redistribution, the link between welfare spending and poverty reduction substantially weakened.

…the real per capita cost in the United States of federal public aid rose…

View original post 917 more words

Advertisements

Mass Destruction Of Capital

Trump has been taken to task for his trade policies. A look at the Wall St Journal on any given day will have articles, editorials and op-ed piece about why Trump is an idiot and that we need freer trade and not more tariffs. But the various journalist are making a mistake. They are not taking into account the massive destruction of American capitol that has gone on since the late 1980’s and the fact that the chickens have finally come home to roost.

Read More

Some Questions That I would Like To Ask Peter Strozk

I was watching the hearings with Special Agent Peter Strzok and some questions come to mind. That is if the all so convenient FBI council would let him. Frankly if I were Director Wray at this point my orders would be to give the joint committee everything. The longer that the FBI stalls, the worse it’s going to get for the FBI. If heads must roll at this point, the heads must roll and the faster it gets done the better it will be for the FBI and the country. If things go too much longer the FBI’s reputation, what is left of it, as a viable law enforcement institution will be essentially gone. All the talk operations and ongoing investigations at this point is nothing more than a very tattered cover for something that is truly ugly.

With that in mind, here are my questions.

Read More