Comment by delichon
3 hours ago
You cannot simultaneously have free immigration and a welfare state. -- Milton Friedman
Turns out you can, but for how long?
3 hours ago
You cannot simultaneously have free immigration and a welfare state. -- Milton Friedman
Turns out you can, but for how long?
For as long as you make it possible and attractive for new immigrants to join the this Ponzi schemw
Calling the welfare state a Ponzi scheme doesn’t magically make every new entrant a net contributor.
Why would you ever want to be a net contributor to a Ponzi scheme?
As long as the government doesn't spend trillions on fighting endless wars in the ME, while making it difficult for immigrants to become citizens, then over funding an agency to crack down on immigrants while claiming there is some sort of invasion, all the while cutting taxes for the super wealthy.
You could zero out the Pentagon tomorrow and still have to confront the welfare-state arithmetic. Social Security and Medicare alone cost vastly more than defense.
Two things:
1. AIUI even undocumented people use fake Social Security numbers to work. They thus pay Social Security and Medicare taxes without getting any benefits.
2. Social Security is effed because of its structure - current workers pay for current retirees - and the inverting population pyramid. This is unrelated to who the workers are.
Serious attempts to analyze the budget with the goal of addressing over-spending generally omit Social Security, because it's paid for with a dedicated tax. Repealing Social Security entirely wouldn't do much to address the budget deficit, certainly nowhere near as much as naive "look at how bit that part of this pie graph is!" analyses suggest it would.
2 replies →
Have fun comparing defense vs welfare/entitlements per year.
Link the comparison please. I already know what the numbers are
Since 2001 the US has spent 29.7 Trillion on entitlements excluding social security vs 18 Trillion of military spending.
Of course the entitlements are useful spending - these are things people need and benefit from. Had these dollars not been spent by the US government, they would have been spent directly by the taxpayers for the same goods and services. While some money may have been saved if this spending were private, it probably wouldn't change the total economic impact by much.
On the other hand we have nothing to show for the $18 trillion burned on wars that went horrifically. If we'd put that money into useful investments such that it paid interest and stopped our defense spending, we would be running a $300 billion per year surplus right now with no cuts to any other government services, to say nothing of the potential economic advantages if the wars had just never happened.
And don't get me started on the $10 trillion lost to the Bush tax cuts and their extensions.