Remix.run Logo
jack_h 3 hours ago

As I’ve grown older I’ve come to realize that there are no solutions, merely tradeoffs. Saying something is “free” is selling a solution which rhetorically works well with a voting populace that has little, if any, knowledge of economics. Describing the n-th order economic consequences and how you are trading one set of issues for a different set of issues — which may be acceptable on balance but is not without consequence — is a very difficult thing to communicate. In reality the attack ads basically write themselves. Or to put it more bluntly utopia sells a lot better than reality.

The second aspect to this is that specifically when it comes to economics the timescales needed to understand the impact of a policy are generally longer than the collective memory of the people. Politicians inevitably sell and enact good intentions, but by the time the reality of the consequences from those intentions becomes manifest it will be years or decades later and the causal relationship is masked and the politician will generally be long gone. At that point it just looks like a new problem that similarly needs a “solution”.

gfiorav 31 minutes ago | parent [-]

Agreed. Many in this thread appear confident that “everyone” comprehends that anything labeled “free” actually implies “subsidized.” However, I still believe they are mistaken.

People fail to realize that increased social programs inevitably result in reduced income for everyone. If they understood this, you would observe the polls on this issue, which already reflect the fact that most individuals are willing to assist those in need but do not support most social programs.