"welfare" defined:
the health, happiness, and fortunes of a person or group.
GHung wrote:Singling out what you call "welfare" is silly when viewed in the context of a much bigger picture of our long list of predicaments.
Too many claims on too few resources. Big reset, dead ahead.
phaster wrote:"welfare" defined:
the health, happiness, and fortunes of a person or group.GHung wrote:Singling out what you call "welfare" is silly when viewed in the context of a much bigger picture of our long list of predicaments.
Too many claims on too few resources. Big reset, dead ahead.
I don't think I am being "silly" by specifically looking at "welfare" because looking at the problem in terms of "economics" ya said it yourself, the issue no matter how ya look at things it boils down to a simple fact:
DEBTS > CREDITS
Did ya consider looking at the phrase "political-legal welfare system" in terms of keynesian economics? Sadly all too often lawyers/politicians work the system to just enrich themselves at the expense of society as a whole.
In either case, where there is corruption, greed and mismanagement eventually the system crashes!!
Six Policies Economists Love (And Politicians Hate)
One: Eliminate the mortgage tax deduction, which lets homeowners deduct the interest they pay on their mortgages. Gone. After all, big houses get bigger tax breaks, driving up prices for everyone. Why distort the housing market and subsidize people buying expensive houses?
Two: End the tax deduction companies get for providing health-care to employees. Neither employees nor employers pay taxes on workplace health insurance benefits. That encourages fancier insurance coverage, driving up usage and, therefore, health costs overall. Eliminating the deduction will drive up costs for people with workplace healthcare, but makes the health-care market fairer.
Three: Eliminate the corporate income tax. Completely. If companies reinvest the money into their businesses, that's good. Don't tax companies in an effort to tax rich people.
Four: Eliminate all income and payroll taxes. All of them. For everyone. Taxes discourage whatever you're taxing, but we like income, so why tax it? Payroll taxes discourage creating jobs. Not such a good idea. Instead, impose a consumption tax, designed to be progressive to protect lower-income households.
Five: Tax carbon emissions. Yes, that means higher gasoline prices. It's a kind of consumption tax, and can be structured to make sure it doesn't disproportionately harm lower-income Americans. More, it's taxing something that's bad, which gives people an incentive to stop polluting.
Six: Legalize marijuana. Stop spending so much trying to put pot users and dealers in jail — it costs a lot of money to catch them, prosecute them, and then put them up in jail. Criminalizing drugs also drives drug prices up, making gang leaders rich.
Eliminate income tax deductions (1&2) and then eliminate income tax (3&4)?phaster wrote:Six Policies Economists Love (And Politicians Hate)
phaster wrote:therefore I suggest other problems like finding solutions to peak oil, and having a more equitable and sustainable economy are not being addressed!
Pops wrote:Unfortunately it is the best I can afford, how 'bout you?
careinke wrote:Pops wrote:Unfortunately it is the best I can afford, how 'bout you?
I could afford a lot less Federal Government.
Pops wrote:Americans are getting pretty low on social relations. We go to church less (much less than we say we do) we don't go to organized clubs anymore (except Rotary and other such "sales leads" type groups) theater, live music; even malls, the last vestige of the town square are dieing. We are sorting out geographically, becoming ever more isolated from actual people because we can say whatever we like on "social media" (says the guy with 14,000 posts, lol).
No surprise that socialism is a dirty word and taxes are a burden and the guy on the radio is the only voice we listen to.
Henriksson wrote:Yes, the problem is economics. The current economic system is called capitalism, and it is dependent on economic growth to function (and welfare is dependent on capitalism). Since that will become no longer viable in the face of resource scarcity, of which peak oil is one part, the economic system will inevitably crash - it's really nothing one can prevent.
Working within the system there are two broad options. One is austerity; not only are a lot of people screwed and the possibilities for transitioning is a lot more constrained, but it screws growth over too and brings down the system even faster. The other is something like keynesianism; it could just be another attempt to keep a terminal patient on life-support, but it could also be a Manhattan Project-like attempt to transition to a scarcer world.
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