Galt's Gulch

Why the Government can't make someone productive

Posted by $ blarman 10 years, 1 month ago to Business
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This is why labor unions fail. This is why progressive economic policies fail. This is why a successful market is based on production and enterprise - not merely time spent in the trenches.
SOURCE URL: http://online.wsj.com/news/articles/SB10001424052702304256404579449811698734216?mod=WSJ_Opinion_LEADTop&mg=reno64-wsj

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  • Posted by khalling 10 years, 1 month ago
    Not only does it encourage lack of production, it will effectively keep managers from doing their job. There will be pressure on employees to NOT rack up overtime so tasks will be put off that otherwise would have been done. Sometimes I think he is purposely trying to turn out the lights in the US for good.
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    • Posted by $ blarman 10 years, 1 month ago
      "Sometimes I think he is purposely trying to turn out the lights in the US for good."

      I think instead that he just wants to go back to the days of the fiefdoms - of royalty and peasantry, slavery and ownership. He likes his toys and his vacations, he just wants everyone else to pay for them.
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  • Posted by $ winterwind 10 years, 1 month ago
    it starts in school: what counts is "seat time". In many districts, if a student misses more than a certain number of classes he automatically fails the class - sickness, a tour of important architectural sites in the Eastern U.S., or doesn't want to go. It all counts the same - butts in seats [not brains in heads].
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  • Posted by ObjectiveAnalyst 10 years, 1 month ago
    We have never needed someone that has actually built a successful business and in so doing, struggled from time to time to make payroll in charge more. Instead we have people making economic decisions that have never run a successful lemonade stand. Money grows on trees, Obama could make Solyndra profitable and human nature doesn't matter...
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  • Posted by CircuitGuy 10 years, 1 month ago
    Gov't can't make someone productive, but it has a hard time making someone not productive. This is one more thing for people to get around-- not a good thing, but far from threatening to destroy the market for management labor.
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    • Posted by $ blarman 10 years, 1 month ago
      When you either take away individual responsibility for decisions OR punish those who are successful (progressive tax rates), you create huge disincentives to be productive. Welfare policies like 99 weeks of unemployment benefits, food stamps to anyone who will sign up, free healthcare, free cell phones, and more are all huge disincentives to find work. Raising taxes on small business owners make it more expensive to do business and creates huge barriers to entry for new entrepreneurs to start businesses - the source of most new jobs. These are all policies being championed by our current administration and have had the direct effect of stalling and impeding economic growth and production.
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