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	<title>Comments on: reuters post</title>
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	<link>http://moslereconomics.com/2010/01/08/reuters-post/</link>
	<description>St Croix, United States Virgin Islands</description>
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		<title>By: warren mosler</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15452</link>
		<dc:creator>warren mosler</dc:creator>
		<pubDate>Fri, 22 Jan 2010 12:04:20 +0000</pubDate>
		<guid isPermaLink="false">http://moslereconomics.com/2010/01/08/reuters-post/#comment-15452</guid>
		<description>which is why i like my healthcare plan</description>
		<content:encoded><![CDATA[<p>which is why i like my healthcare plan</p>
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		<title>By: lambert strether</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15443</link>
		<dc:creator>lambert strether</dc:creator>
		<pubDate>Thu, 21 Jan 2010 23:40:55 +0000</pubDate>
		<guid isPermaLink="false">http://moslereconomics.com/2010/01/08/reuters-post/#comment-15443</guid>
		<description>Floccina writes:
&lt;blockquote&gt;
There is a lot of evidence that people with healthcare benefits (health insurance) over consume healthcare even to the point where the marginal healthcare consumed has a negative effect on health.
&lt;/blockquote&gt;
If there&#039;s &quot;a lot of evidence&quot; then it should be very easy to cite to it with a link. So, where&#039;s the link? Nothing from Heritage, please!</description>
		<content:encoded><![CDATA[<p>Floccina writes:</p>
<blockquote><p>
There is a lot of evidence that people with healthcare benefits (health insurance) over consume healthcare even to the point where the marginal healthcare consumed has a negative effect on health.
</p></blockquote>
<p>If there&#8217;s &#8220;a lot of evidence&#8221; then it should be very easy to cite to it with a link. So, where&#8217;s the link? Nothing from Heritage, please!</p>
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		<title>By: Ken</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15196</link>
		<dc:creator>Ken</dc:creator>
		<pubDate>Fri, 15 Jan 2010 07:10:09 +0000</pubDate>
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		<description>Look at Major Clifford Douglas&#039;s &quot;Social Credit Theory&quot;

Give each citizen a refundable tax credit of $25,000.00 dollars. 
Eliminate Unemployment Insurance,Social Security,Welfare and all bureaucracies providing these services as these would not be needed,nor would a minimum wage.No taxes on earned income until 4 times the basic credit. This would simplify the lives of most people.After $125,000.00 dollars,a tax of 10% up to 1 million,then 20% up to 5 million,25% up to 10 million,35% up to 25 million,40% up to 50 million,and 50% on all over. The basic credit of $25,000 is taxable income to State and local taxing units,thus with a combined tax of 20% State and local would get $5,000 per capita income and this would leave each citizen $20,000.00 for food,housing,etc.If you wanted more income,you could seek employment in the private sector.</description>
		<content:encoded><![CDATA[<p>Look at Major Clifford Douglas&#8217;s &#8220;Social Credit Theory&#8221;</p>
<p>Give each citizen a refundable tax credit of $25,000.00 dollars.<br />
Eliminate Unemployment Insurance,Social Security,Welfare and all bureaucracies providing these services as these would not be needed,nor would a minimum wage.No taxes on earned income until 4 times the basic credit. This would simplify the lives of most people.After $125,000.00 dollars,a tax of 10% up to 1 million,then 20% up to 5 million,25% up to 10 million,35% up to 25 million,40% up to 50 million,and 50% on all over. The basic credit of $25,000 is taxable income to State and local taxing units,thus with a combined tax of 20% State and local would get $5,000 per capita income and this would leave each citizen $20,000.00 for food,housing,etc.If you wanted more income,you could seek employment in the private sector.</p>
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		<title>By: zanon</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15165</link>
		<dc:creator>zanon</dc:creator>
		<pubDate>Thu, 14 Jan 2010 15:28:59 +0000</pubDate>
		<guid isPermaLink="false">http://moslereconomics.com/2010/01/08/reuters-post/#comment-15165</guid>
		<description>Totally depends on which country the Harvard Grad comes from. Also, think about which person the US gets most out of.

Now think about who has an easy job immigrating, and who has a hard job immigrating. And which way that immigrant will consequently vote. And who they will displace. That tells you everything you need to know about immigration policy.

Open borders will be the next stop on the Obama Express!</description>
		<content:encoded><![CDATA[<p>Totally depends on which country the Harvard Grad comes from. Also, think about which person the US gets most out of.</p>
<p>Now think about who has an easy job immigrating, and who has a hard job immigrating. And which way that immigrant will consequently vote. And who they will displace. That tells you everything you need to know about immigration policy.</p>
<p>Open borders will be the next stop on the Obama Express!</p>
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		<title>By: Floccina</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15164</link>
		<dc:creator>Floccina</dc:creator>
		<pubDate>Thu, 14 Jan 2010 14:07:30 +0000</pubDate>
		<guid isPermaLink="false">http://moslereconomics.com/2010/01/08/reuters-post/#comment-15164</guid>
		<description>&lt;em&gt;So McDonald’s hamburgers would become more expensive. &lt;/em&gt;

It is always the delta that gets you.  If it was a slow smooth transition from lower price burgers to higher priced burgers that would be fine but it would be a shock that might put many of the weaker burger places out of business.  The workers would most certainly be less productive working for Government and also may become a dangerous voting block subject to political manipulation.</description>
		<content:encoded><![CDATA[<p><em>So McDonald’s hamburgers would become more expensive. </em></p>
<p>It is always the delta that gets you.  If it was a slow smooth transition from lower price burgers to higher priced burgers that would be fine but it would be a shock that might put many of the weaker burger places out of business.  The workers would most certainly be less productive working for Government and also may become a dangerous voting block subject to political manipulation.</p>
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		<title>By: Curious</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15087</link>
		<dc:creator>Curious</dc:creator>
		<pubDate>Tue, 12 Jan 2010 19:23:21 +0000</pubDate>
		<guid isPermaLink="false">http://moslereconomics.com/2010/01/08/reuters-post/#comment-15087</guid>
		<description>&quot;...society does not become richer by depending on low-skill workers...&quot;

The low skill worker values low wage more than his low skill (that&#039;s why he trades it) and the purchaser of the low skill values it more than the low wage he pays to the worker. 

So both get richer and since they are both part of society, society does get richer.</description>
		<content:encoded><![CDATA[<p>&#8220;&#8230;society does not become richer by depending on low-skill workers&#8230;&#8221;</p>
<p>The low skill worker values low wage more than his low skill (that&#8217;s why he trades it) and the purchaser of the low skill values it more than the low wage he pays to the worker. </p>
<p>So both get richer and since they are both part of society, society does get richer.</p>
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		<title>By: Jim Baird</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15081</link>
		<dc:creator>Jim Baird</dc:creator>
		<pubDate>Tue, 12 Jan 2010 18:28:03 +0000</pubDate>
		<guid isPermaLink="false">http://moslereconomics.com/2010/01/08/reuters-post/#comment-15081</guid>
		<description>So McDonald&#039;s hamburgers would become more expensive.  Is that such a bad thing?  In general, a society does not become richer by depending on low-skill workers - it becomes wealthy by replacing such workers with machines that can do more work.  

One of the reasons the south was such a backward area for so long was the abundance of low wage blacks who could be counted on to do the backbreaking work of harvesting cotton, reducing the incentive for growers to make the capital expenditures to mechanize the harvest.  It was only in the boom after WWII and the huge migration of their black labor force to the northern factories when the southern landowners finally got it together enough to develop mechanical cottonpickers.  We see the same thing today with the southwestern growers, demanding more and more low-wage Mexicans and claiming that they are &quot;irreplacable&quot;.  Many historians see the reliance on slave labor to be the primary reason the Romans, so advanced in other areas, never developed any large-scale mechanized industry.  The Japanese, due to their declining workforce and a reluctance to import labor, lead the world in robots.

In general, a persistent shortage of low-wage labor is the best inducement to technological innovation there is.</description>
		<content:encoded><![CDATA[<p>So McDonald&#8217;s hamburgers would become more expensive.  Is that such a bad thing?  In general, a society does not become richer by depending on low-skill workers &#8211; it becomes wealthy by replacing such workers with machines that can do more work.  </p>
<p>One of the reasons the south was such a backward area for so long was the abundance of low wage blacks who could be counted on to do the backbreaking work of harvesting cotton, reducing the incentive for growers to make the capital expenditures to mechanize the harvest.  It was only in the boom after WWII and the huge migration of their black labor force to the northern factories when the southern landowners finally got it together enough to develop mechanical cottonpickers.  We see the same thing today with the southwestern growers, demanding more and more low-wage Mexicans and claiming that they are &#8220;irreplacable&#8221;.  Many historians see the reliance on slave labor to be the primary reason the Romans, so advanced in other areas, never developed any large-scale mechanized industry.  The Japanese, due to their declining workforce and a reluctance to import labor, lead the world in robots.</p>
<p>In general, a persistent shortage of low-wage labor is the best inducement to technological innovation there is.</p>
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		<title>By: jason</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15050</link>
		<dc:creator>jason</dc:creator>
		<pubDate>Mon, 11 Jan 2010 20:07:29 +0000</pubDate>
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		<description>maybe you just had a bad experience or crappy mngt. I work for the govt. and we don&#039;t sit around pretending to work. We work.</description>
		<content:encoded><![CDATA[<p>maybe you just had a bad experience or crappy mngt. I work for the govt. and we don&#8217;t sit around pretending to work. We work.</p>
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		<title>By: Floccina</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15049</link>
		<dc:creator>Floccina</dc:creator>
		<pubDate>Mon, 11 Jan 2010 19:53:29 +0000</pubDate>
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		<description>A program like that with $5 or $6 I could get behind.</description>
		<content:encoded><![CDATA[<p>A program like that with $5 or $6 I could get behind.</p>
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		<title>By: zanon</title>
		<link>http://moslereconomics.com/2010/01/08/reuters-post/comment-page-1/#comment-15048</link>
		<dc:creator>zanon</dc:creator>
		<pubDate>Mon, 11 Jan 2010 19:09:40 +0000</pubDate>
		<guid isPermaLink="false">http://moslereconomics.com/2010/01/08/reuters-post/#comment-15048</guid>
		<description>As Warren said, if you think $8 would suck too much talent out of the private sector, make it a $6 job. Or a $5 job. You get the idea.

The people who manage all the welfare stuff would manage this program instead. It&#039;s the same thing, it just tackles unemployment directly.

You could also use the folks who measure unemployment to manage it, as unemployment (by definition) would fall to zero.

There are lots of potential problems with it too -- political capture, bad implementation, unintended consequences up the wazoo. It has zero chance of being implemented so all that is moot.</description>
		<content:encoded><![CDATA[<p>As Warren said, if you think $8 would suck too much talent out of the private sector, make it a $6 job. Or a $5 job. You get the idea.</p>
<p>The people who manage all the welfare stuff would manage this program instead. It&#8217;s the same thing, it just tackles unemployment directly.</p>
<p>You could also use the folks who measure unemployment to manage it, as unemployment (by definition) would fall to zero.</p>
<p>There are lots of potential problems with it too &#8212; political capture, bad implementation, unintended consequences up the wazoo. It has zero chance of being implemented so all that is moot.</p>
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