Filed under: Capitalism, Democrat Corruption, Domestic Policy, Economy, Liberalism, Progressivism, Regulation, Taxes | Tags: Economic Stress, The Essentials of Subsistence, The Value of Work
Kevin Williamson had a splendid essay in National Review on Saturday, entitled “Men at Work: Revisiting the alienation of labor.”
Unemployment at the individual level often is traumatic: Economic stress is difficult in and of itself, but it also can disturb family life, may lead to isolation from one’s friends and community, and may provide an occasion for shame, even when that shame is unjustified. Because we are the richest people that human civilization ever has seen, there is no reason for anyone to go wanting for the mere essentials of subsistence; because we are the richest people human civilization ever has seen, it is very difficult to be satisfied with the mere essentials of subsistence. …
If we assume that these workers can count, and we assume that they know their own affairs, then the conclusion is not simply — never simply! — that “more than 2 million people will decide not to work,” but that the wage paid by this particular manifestation of the welfare state (in the form of insurance subsidies) is better than the wage on offer for doing work.
With one hand, the state puts downward pressure on wages — especially for those at the bottom end of the earnings spectrum, who are, by economic definition, those regarded by their employers as most easily replaced, and who therefore bring relatively little negotiating power to the table. With the other hand, the same state inflates the wages of non-work, not only through the new health-care law but through various other manifestations of the welfare state, including the ever-longer extension of unemployment payments. We are sometimes scandalized to learn that these programs spend a great deal of money on people who do not really need them. That is the minor scandal. The major scandal is that so many people do need these programs. …
The diversity of human interests, human desires, and human abilities is in effect infinite, and so too, therefore, are the uses of labor and opportunities for employment. Surely there are many paths to a “right livelihood” waiting to be discovered. And yet there sits official Washington, along with its supramarginal gurus in the media, trying to figure out how to “create jobs” like an ape doing one of those monochromatic jigsaw puzzles with half the pieces missing, desperately working at “manipulating the world in order to get what we want from it,” forcing together pieces that do not fit.
And that is the perverse price of politics: that there are so few jobs to be had when there is so much work to be done.
Filed under: Economy, Health Care, Liberalism, Freedom, Democrat Corruption, Progressivism, Taxes, Capitalism, Law, Regulation | Tags: January Jobs Numbers, ObamaCare Kills Jobs, Hurts American Incomes
Perhaps the gales of laughter have reached ears in the White House. Can you possibly believe that they didn’t know that people would find their insistence that losing a job was liberating and you would no longer be locked in a job and could write poems or make music. In any case, people do not seem to be feeling “liberated” by the lack of jobs.
The January job numbers were dismal. Spinning 113,000 gains in hiring is not too hard, because anything over 100,000 sounds like a positive, but back to back gains in hiring were the weakest in three years. The 48,000 rebound in construction probably reflects a bounce-back from weather-depressed readings in December. The fall in the unemployment rate reflects, not more people hired, but more people dropping out of the work force.
ObamaCare will reduce the incomes of most Americans. It will redistribute wealth, but the redistribution will be stunningly lopsided. According to a study from the liberal Bookings Institution ObamaCare will increase the income of Americans in the lowest 20 percent of the income scale — especially in the lowest 10 percent. But all other income groups, even those who make modest incomes in the $25,000 range will experience a decline in income because of ObamaCare. It will increase income by 9.2 percent for those in the lowest bracket. For everybody else, it will reduce their income by about 0.9 percent.
Republicans have argued all along that the ACA would end up costing the economy jobs, and the cost would be enormous. Previously the CBO’s cost estimate came to $848 billion over its first decade, but that has now grown to more than $2 trillion. The claimed deficit neutrality of ObamaCare was a myth which the GOP said it was all along. The CBO does not predict the number of job switchers or “free agents” It projects the net reduction in hours worked in the American economy — and that projects lower tax revenues— for a system that relies on tax revenues for the subsidies that keep their fantasy going.
A reduction of 2.5 million FTEs from ObamaCare would result in a reduction of $80.5 billion each year in gross compensation, even at the low-income average of $35,000 a year. That means less economic activity and lower tax revenues, thanks to the decrease in income that the loss of 2.5 million FTEs entail— no matter how they disappear. The greatest effect will be on the working middle class — just the folks Obama claims to want to help the most.
Filed under: Capitalism, Democrat Corruption, Economy, Election 2014, Freedom, Politics, Regulation, Taxes | Tags: George Orwell Warned Us, Revising the Language, Spin-Spin-Spin
It has reached the point where the Democrats are turning “spin” into, not just a really bad word, but a laughingstock. The effort to turn millions more lost jobs into a “positive” are almost more than can be borne.
Being jobless is no joke, and health care — expensive, lousy health care, does not make it more tolerable. Sure, many people hate their jobs, but there are far more who find achievement and self-respect in doing a good job. Being jobless, accepting some kind of welfare, food stamps is demeaning and depressing. Democrats think of it in terms of the nice thing we’re doing for poor people. The people in question would feel a lot better with economic growth and the chance, once again, to climb the ladder of opportunity, support their families and hope for a better future.
Filed under: Politics, The Constitution, Economy, Health Care, Liberalism, Freedom, Democrat Corruption, Progressivism, Capitalism | Tags: "Left 3.0", Explaining the Mindset, Mental Morbitity
Tod Lindberg had been editor of the Hoover Institutions’ Policy Review since 1999, and important articles are a given. This piece from the last issue of Policy Review one year ago, which attempts to distinguish the current version of the Left from its previous iterations is particularly fascinating. He calls it Left 3.0. I’m always a ready-made audience for anything explaining the Left, because it seems so inexplicable that they can possibly think as they do.
Mr. Lindberg does not attempt a history of the Left. You’ve probably noticed the changes, but not really focused on what’s different.
The Left side of the American political spectrum has undergone an extraordinary transformation over the last dozen years. Perhaps because it remains a work in progress, the extent of this transformation has gone largely unremarked and seems underappreciated even among those who have been carrying it out. Forty years after the forces of the “New Left” managed to deliver the Democratic presidential nomination to their preferred candidate, George McGovern, only to see him lose the general election to Richard Nixon in a 49-state landslide, the United States is home to a newer Left. It’s political hopes repose not in a man able to muster less than 40 percent of the vote nationwide, but in the convincingly reelected president of the United States, Barack Obama. This newer Left is confident in itself, united both in its description of the problems the country faces and in how to go about addressing them. This Left is conscious of itself as a movement, and believes it is on the rise. It has already managed to reshape American politics, and its successes so far have hardly exhausted its promise. Policies are changing under its influence. And it opponents do not seem to have found an effective way to counter it politically. …
If classical liberalism emerged in part as a rebellion against hereditary privilege, modern American liberalism is foremost a rebellion against the privileges of wealth. The most important innovation of the Left, a principle held fast from the time of the French Revolution onward, has been its insistence that political rights could only be meaningful if accompanied by a degree of economic equality that systems based on political rights alone would not automatically create or protect. …
Implementation of the animating passion for equality requires the power of government. The Left shares the suspicion of government power at the hear of classical liberalism, but only up to a point. Individuals need rights to protect them from overweening government intrusion, true, but government power in the proper hands can do good, and indeed the proper hands must wield the power of government in order to do the good of pursuing equality. The proper hands are the Left’s, it hardly needs saying.
Mix yourself a good stiff drink, and take the time to figure out just what the Left is up to. Excellent article, altering and illuminating the other side of the political spectrum.