BenevolentM -> RE: Is more better? (10/15/2013 10:30:22 AM)
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ORIGINAL: DesideriScuri quote:
ORIGINAL: BenevolentM If government is Robin Hood perhaps it is doing you a favor. Who needs a boss? The government as well as the insurance companies want to be your boss. In a state of nature are people good or not so good? Given that they are not so good though perhaps not intrinsically so evil begets evil. If government is evil, that evil is one of your creation. It exists because it is needed. Why is it needed? Because people suck and need someone to tell them what to do, what to think, and how much they are entitled to. Robin Hood Myth It seems likely to me that what Milton Friedman is saying in the Robin Hood Myth video is accurate. I got bored with the video and made it only half way through it, though. I don't know what he said in the later half. But assuming that the first half is representative of the second half, he is likely right, but my response is, so what? As I pointed out earlier these economic equations are a strategic gross first approximation of the underlying reality. The very poor unfortunately tend to be unproductive for reasons that are intrinsic and so the money cannot spout from the rich like a fountain to rain down upon the poor strictly speaking. It must do so approximately, however. His conclusions unfortunately are wrong though much of his logic is correct. It is not as nefarious as he claims. The equations are a surprisingly good model even though they are obvious over simplifications. He claims that he has observed a systemic deviation from the standard model, but everyone knows that the standard model is flawed and wealth should not flow directly to the poor. The standard model is a convenient shorthand.
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