Posted by:
Lot's Wife
(
)
Date: February 06, 2021 02:12AM
Humberto Wrote:
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> Agree on the UBI. I had a related conversation
> with a Trump supporting, election-was-a-fraud
> crying relative and even he could see the peril
> we're in when we make it so difficult for the
> younger folks to get started and succeed.
Not just younger folks. The entire working class and probably half of the middle class is on the verge of disaster. If this continues another generation, those families will have dropped out of the US economy--and that will start with the Trump supporters who represent a disproportionate share of the vulnerable.
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> College
> has gotten absurdly expensive and finding a job
> out of high school that'll pay the bills is nearly
> impossible. A couple of decades ago, I worked my
> way through college and made it through with
> relatively minimal debt. I can't imagine the size
> of the student loans I would have to carry in
> order to do that today.
My college debts were very high by today's standards but I was one of the lucky ones who started work in a profitable field and hence, frugal, was able to pay them off quickly. As my children approach college/career, I worry deeply about them because the situation is much tighter. In short, the educational institutions now see themselves as profit-maximizing businesses--just like the odd (both senses) church.
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> I don't know why solutions to these crippling
> problems can't be championed by conservatives.
> UBI, if done Friedman's way, replaces numerous
> massive inefficient welfare programs, leading to a
> smaller, more efficient government. And the value
> of universal basic health care is recognized even
> by Singapore, which is constantly rated the most
> free economy in the world by the Heritage
> Foundation, a conservative organization.
May I scream for a moment?
^This!
Thank you. The US welfare and healthcare systems are massively inefficient because the administrators are forced to make too many decisions. If you remove the police function, the cost of these forms of social support fall by over half--as in most of the other OECD economies.
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> But most
> conservatives in America today don't seem to want
> to solve any of these problems. They continue to
> look for the "trickle down" Reagan promised them,
> in spite of the ever growing evidence of income
> inequality staring them in the face.
Conservative thought went down two tracks. The first was the conviction that welfare should be administered strictly, which required a ton of oversight. For them it was a moral question. People were supposed to bear their own burdens, dammit, even if that meant society paying vastly more than was necessary. The second was the Supply Side religion you describe. Now economic "logic," such as it was, reinforced people's self-righteous inclinations.
Open the floodgates! We now have a moral justification for tax cuts, spending increases, and the glories of debt! Welfare for the wealthy.
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> Perhaps
> Romney has a white horse after all.
Isn't that the most amazing thing? Reagan was an idiot until political trends turned towards him in 1980; Trump was an idiot till events moved his way ('nuff said); and now Romney might benefit from similarly unexpected developments. A Mormon as white horse savior. . . Who would have thought?
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> My parents used to tell me that they were kids
> once too, and understood my problems. I don't say
> that to my kids. It's a totally different world
> now.
Yes. There is no doubt that our children and theirs will see a declining standard of living because of hollowing out of the middle class and the incredible indebtedness of the public sector. The question is whether we can turn the ocean liner so that the damage is mitigated.