September 10, 2014

Historically Ignorant, Economically Illiterate

Sometimes I read stuff that is so astoundingly stupid I cannot help but comment. This article is a perfect example.  I know you do not read links.  You should read this one to see a prime example of historically ignorant and economically illiterate journalism. Does Ryan Cooper really believe that men lived a life of leisure prior to the industrial revolution? Men, women, and yes, children worked sun-up to sun-down and beyond in a very effort to survive. Cooper should go to any third world country and observe how hard it is to survive on a daily basis. Life is hard. The concept of "leisure time" is a modern concept.

Ryan claims that a "Universal Basic Income" will work if everyone is subject.  If there is no rich, no poor, then life will be perfect. Why would anyone go to work if their income is guaranteed? Who will produce the food, the energy, the consumer goods?  Who will build the houses, the roads, the libraries? Who will create the next iPhone, the flying car, the vaccine that ends the common cold? Where will the government get the funds to provide the Universal Basic Income?

You see, Ryan Cooper does not understand that Government does not produce anything. It makes no goods. The government only gets its funds through taking it from the people by force. The money the Feds spend comes from you and me and borrowing against the future income and taxes of our children and grandchildren.

Do you think I am wrong?  Answer two questions.  How long would you continue to work at your job if you did not get paid?  How long would you continue to go to your job if you got paid whether you showed up or not?

It is a wonder Ryan Cooper does not need an instruction manual to remind him to breathe.

1 comment:

Ed Bonderenka said...

"With weak job growth, rising poverty, and the rich continuing to devour nearly all economic growth,"
False premise at the git go.
Fix the weak job growth (vote conservative).
Poverty lessens.
And the rich are not consuming blah blah blah.

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