ECONOMICS: THE NARCOTIC OF WELFARE
The narcotic of welfare.
That statement was in Reagan: A Life by Reagan.
It was not said by Reagan or Nixon, but by Franklin
Delano Roosevelt.
Yes, he thought his own new deal was illegal drugs.
Government Programs serve some economic function,
but they restrict your economic activity.
They subsidize waste, fraud, and abuse.
They subsidize the lazy and indignants.
They hurt workers who have to pay the taxes.
They hurt corporations for subsidizing the government
when it should be invested in business ventures.
They distort indirectly economic activity on the macro
level as well as the microlevel.
They keep people from working who should work.
They keep people working who should be looking for
a real job.
They subsidize corporations that can't compete, while
hindering entrepreneurs who might be able to compete.
Government Programs help the rich maintain their wealth
and the poor maintain their entrapment.
The middle class get's screwed through taxes and lack of
access to these programs.
Economics of the Welfare State: Narcotics.
Cut the Federal Budget by a $1 Trillion Dollars and you
might see some real change in the economy although it
would take 5 to 10 years.
In essence, our Human Resources are on narcotics and
our economy is paying the price in lost production,
productivity, innovation, and quality.