Hey Lance, what you are saying sounds like you are calling the Biden stimulus an entitlement program.
Quote: "The Poor Do Need Help
“More money in people’s pockets will lead to stronger economic growth.” – J.M. Keynes
I certainly agree with trying to help those in need. Such is why we have charitable organizations that do everything from providing housing, meals, and even job placement. These charities do formidable, challenging, and meaningful work and should have access to funding to do what they do best.
However, the Federal Government is not one of these charities, and throwing money at the problem does more harm than good in the long-term."
I find it interesting that people like to bite famous people's quotes to support their ideologies, because it is taken out of context. I am not familiar in detail with all Keynes' work, other than he is very big in economics, gold and silver, and monetary theory in the 1900s. I just find it interesting that they use him to justify their decisions.
On another note, I agree that giving people money does not necessarily help the problem. Giving everyone money for life means the money has to come from somewhere. It will come from all of us in the form of inflation, because why work if I do not need to? However, technically you are able to prevent inflation if the government forces businesses to not raise prices? In a sense, it feels like communism. While providing basic income forever sounds great, I believe the only way to true prosperity is to actual produce goods and services and become a legitimate contributor to society, not send out handouts for doing nothing. I do believe in helping the less fortunate. While giving money to a homeless person so they have a place to sleep and eat like the Good Samaritan is noble and has its place in my life, I come from the doctrine of teach a man to fish, rather than give a man a fish.
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Biden’s Stimulus Will Cut Poverty By 40% – For One Year
Hey Lance, what you are saying sounds like you are calling the Biden stimulus an entitlement program.
Quote: "The Poor Do Need Help
“More money in people’s pockets will lead to stronger economic growth.” – J.M. Keynes
I certainly agree with trying to help those in need. Such is why we have charitable organizations that do everything from providing housing, meals, and even job placement. These charities do formidable, challenging, and meaningful work and should have access to funding to do what they do best.
However, the Federal Government is not one of these charities, and throwing money at the problem does more harm than good in the long-term."
I find it interesting that people like to bite famous people's quotes to support their ideologies, because it is taken out of context. I am not familiar in detail with all Keynes' work, other than he is very big in economics, gold and silver, and monetary theory in the 1900s. I just find it interesting that they use him to justify their decisions.
On another note, I agree that giving people money does not necessarily help the problem. Giving everyone money for life means the money has to come from somewhere. It will come from all of us in the form of inflation, because why work if I do not need to? However, technically you are able to prevent inflation if the government forces businesses to not raise prices? In a sense, it feels like communism. While providing basic income forever sounds great, I believe the only way to true prosperity is to actual produce goods and services and become a legitimate contributor to society, not send out handouts for doing nothing. I do believe in helping the less fortunate. While giving money to a homeless person so they have a place to sleep and eat like the Good Samaritan is noble and has its place in my life, I come from the doctrine of teach a man to fish, rather than give a man a fish.
Great post.