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Thursday, September 8, 2011

$300B Jobs Package, $1000 Mugging

This story is interesting. President Obama is planning a $300B "jobs package".

$300B divided by 300M people is $1000 per person. It's like the President stole $1000 from me and gave it to his friends. The "$300B jobs package" is logically equivalent to "Steal $1000 from everyone, and give the profits to a group of insiders."

State comedians act like deficit spending is magic free money. $300B in deficit spending isn't free. The cost is paid by everyone else by inflation. The only way you can get $300B for a "jobs package" is by stealing from people who actually work.

Statist "logic" is amusing. The economy is crashing to do rampant corruption. The obvious solution is "Let's steal more!"


Anonymous said...

steamroller found this:
"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, a government may secretly and unobserved, confiscate the wealth of its citizens, and not one man in a million will detect the theft,"-- John Maynard Keynes

Scott said...

Divide by actual number of employed full time workers for even more fun.

FSK said...

Also, you should subtract from "employed" the people who work for the government, directly or indirectly.

For example, a lawyer counts as employed. A lawyer works for the government, even if he isn't explicitly working for the government. Due to State licensing laws, criminal defense lawyers work for the government, even if they represent individuals.

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