Post
Topic
Board Politics & Society
Re: why all the hate for the welfare state?
by
DooMAD
on 28/12/2014, 20:21:23 UTC
Rich people want to swim in money like Scrooge McDuck and they can't do that if they have to pay tax, therefore welfare is evil.   Roll Eyes

The war on welfare is yet another symptom of neo-classical numerical illiteracy.  They don't understand the simple fact that people with low or no incomes will need to spend their money back into the economy out of necessity.  They're not collecting money to sit in a savings account.  They buy food, clothing and keep a roof over their heads and there's little else they can afford.  Unlike the wealthy who are sitting on piles of money in the bank, which does nothing for the economy except benefit the finance sector.  The only people against welfare are the ones who begrudge having money they're not actually using being forced back into circulation through taxation.  These are the same people against concepts like the living wage.  

Simple logic, 10 million people can spend 1 dollar faster than one person can spend 10 million dollars.  I bet in the short time it took me to write this, more than 10 million people somewhere in the world have just spent a dollar back into their respective economies.  The more multi-millionaires our broken system creates, hoarding their wealth, the faster it all crashes and burns.  The only thing you achieve by creating more poor people is a faster slide into depression.  Prosperity only works if you don't leave people behind.  Stop being financially illiterate.