Magnitus: The economy is to a large extend an human engineered construct to channel production.
Of course it is. What else would it be?
Magnitus: That something is good or bad for the economy in its current incarnation is not the "end all" argument.
Sure. But don't ignore that in America, "it's the economy, stupid." Whatever programs are chosen to be implemented, they don't happen without a source of funding. And that source is the economy. As the economy declines, so does the funding available to support any gov't spending. Pretty basic stuff.
Magnitus: We need an economy to function, but the nature of the underlying economy can be made flexible.
Um, flexibility is one of the basic things that defines an economy. So yeah. Not sure what your point is, since putting more of the economy into the hands of one entity (federal budget increasing as a percentage of GDP) decreases that flexibility.
Magnitus: There are many economic models.
And? The important one here is the one we currently operate under.
Magnitus: BTW, a century and a half ago, working conditions were pretty abysmal. People in the working class lived pretty miserable lives, died young and often got injured on the job.
I wouldn't laud that as a model to follow any more than the rampant racism or slavery before that.
Improved by labor laws,
not by a social spending that eats up 80-100% of the federal tax revenue, depending on which programs one includes.
Magnitus: You don't go very far with 15% for ALL.
SS and Medicare are not the only government spendings.
You also have the army, the police, education and public infrastructure.
For ALL was not the original intent of those programs.
Again, ~80% of our federal tax revenue goes toward the big three social programs alone. If we include the rest of the smaller social engineering programs, it's 100%. That's
before we spend a single cent on police, education, infrastructure, military, NASA, and anything else.
Magnitus: Again, the amount taxed is not the main problem as long as it is well used and not wasted.
If you are taxed 15% and it goes down the drain (say, to finance an uneccessary war), you are not much better off. The government will end up borrowing to pay for what it needs if taxes don't cover it and future generations will pick up the tab plus interests.
Tell you what, take away all military and foreign spending. Every dollar of it. Where does that leave the budget? Still spending more than the incoming revenue, by about 15-20%.
Magnitus: Are you really willing to put future generations through abject poverty just so that you can pay lower taxes?
As a family, we're doing alright with 40% going elsewhere. But I have to say that 40% from a middle class family is enough. I don't buy into the notion that not paying even more tax is going to put future generations in abject poverty; if anything, it puts my own family
closer to poverty. You know what fixes poverty? Employment, not $2 trillion annually in social programs.
The math + historical charts show a low-wage worker (let's call it $10 an hour) would be better off at retirement (larger nest egg than what SS pays out) if, over his or her lifetime, in place of deducting 12.4% FICA for SS he had instead made reasonable private investments with the same money at 6%. And that includes big market drops like the Great Depression, and all recessions since then.
Are you really willing to maintain the status quo that is doing a worse job than what the working poor could do on their own
if those funds instead went straight into a private investment vehicle?
Speaking of which, let's look at it further. I think the current poverty rate is sitting at 14.3%, or 43.6 million people here in the States. Of the $2 trillion in social spending, roughly $600 billion is used to deal with poverty in some manner or another. That's approaching an even $14,000 per year, per person, in poverty. If we simply gave out that money as-is, per person, a family of four would take in an amount not that far from what our family earns, or $56,000. For a non-working wage.
Am I the only one to whom that sounds a little... off? Am I the only who thinks that there is already enough money in federal hands to take care of the truly needy around here? If we can't deal with poverty at $14,000 per person...
Magnitus: In terms of government spending priorities, education and medical coverage goes pretty high on my personal list.
Fine. In the US, we don't have a sustainable program for the long haul. Don't mistake my concern over the direction these things are taking for a lack of concern that we do them at all. An old saw says "anything worth doing is worth doing well". We're not doing them well, both from a service standpoint and as bang-for-the-buck.
Expanding the scope of the social programs we have today, that already have big structural problems, is not the solution. It simply isn't. Label it misguided, greedy, I don't care. It's the reality. It will not function as is, and it will not function by simply adding on more of the same. This is where your abject poverty comes from, continuing to do exactly what it is we're doing today, and increasing the funding from private sources until everyone is in poverty.
Magnitus: Ah, and btw, there were massive cuts to social programs in the 90s and onward. From what you are posting, I get the impression that you think state costs are increasing due to social programs. They aren't. They keep cutting them.
Funny, my own state has increased that spending since the 90s. So I guess my "impression" comes from, well, what has actually happened. Surprising no one, along with it came growing budget deficits. Ditto the federal side of things, including a massive jump in anti-poverty spending under GWB. We
almost instituted universal coverage in this state, just a few years ago, that would have increased the budget outlays by nearly 60%, with much of that money coming from a huge increase in business taxes. Again, unsustainable.
Magnitus: Imho, the politicians get too much say as it is.
I'd be more interested in decentralizing political power away from their greedy hands.
I could not agree more. This is why I support State's Rights, as outlined in our US Constitution.
Magnitus: Of course, that would be hard if a bunch of right wingers push for a 50 hours week (who has the time to worry about politics on a 50 hours week?).
Who is pushing for that? If you want, we can go into how a fair portion of the population already works 50 hours per week, and why.