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There’s This Thing Called “Moral Hazard”
The relative demerits of even more corporate welfare notwithstanding, Creating a welfare system that is fair and sustainable for all involved would provide far better value for money than bailing out the car industry. There’s this thing called “moral hazard”. It plagues welfare systems, which are A) not actuarially sound (e.g., federally subsidized insurance in California) or B) funded by involuntary and mandatory contributions called “taxes”. Sure, it sounds great: it would be better to create a more equitable social safety net than it would be to give more money to corporate interests who have demonstrated time and time again (i.e., isn’t this Chrysler’s third bankruptcy?) but the very idea of a “sustainable” welfare system that is not funded by voluntaryism, neighborliness, and community, but instead by taxes and redistribution, is … Read entire article »
Filed under: American Politics, Economics Lessons, Left Libertarian, Michigan
Voting Procedural Nonsense
In Michigan, as I presume in many States, you can vote without a photo ID. According to Michigan.gov, If you do not have photo ID, you can still cast a ballot simply by signing an affidavit. The affidavit can be used by: Voters who do not have acceptable photo ID Voters who have photo ID but didn’t bring it to the polls Once you sign the affidavit, you may cast your ballot. It will be counted with all other ballots on Election Day. Now, that’s pretty strange, isn’t it? You need to present a piece of identification, preferably with a photo, in order to establish your youness, that is to say, in order to establish that you are in fact the person you’re claiming to be. But, if you forgot … Read entire article »
Filed under: American Politics, Election, Michigan