Thomas Sowell on the Economics of Redistribution: Quicksand at One End and Beatings at the other End

Dan Mitchell's avatarInternational Liberty

Over the years, I’ve shared some clever images, jokes, and cartoons to expose the flawed mindset of those who hope to achieve coerced equality of outcomes with redistribution and high tax rates.

The size of a pizza vs the share of a slice.

The modern version of the Little Red Hen.

Washington’s Byzantine welfare state.

Chuck Asay’s overburdened tractor.

A left-wing nursery rhyme.

The Wizard-of-Id parody.

Two pictures showing how the welfare state begins and ends.

A socialist classroom experiment (including a video version).

The economics of redistribution in one image.

As you can see, this is a common-sense issue. When you give people money on the condition that they don’t earn much money, you create a perverse incentive for them to be unproductive.

Especially since, when people work more and earn more, they get hit by a combination of fewer handouts and…

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The Economics of “Labor Shortages”

Dan Mitchell's avatarInternational Liberty

During the Obama years, I shared a cartoon strip that cleverly makes the point that some people will choose not to work if they can get enough goodies from the government.

That Wizard-of-Id parody has been viewed more than 56,000 times, which suggests many readers also thought it was worth sharing.

But it obviously hasn’t been shared often enough with the crowd in Washington. Politicians have created a welfare state that penalizes work and rewards dependency.

Especially now that there are bonus payments for staying unemployed. Which makes it hard to businesses to find workers.

Our friends on the left, however, think there’s a solution to this problem.

In his column for the New York Times, David Leonhardt says there is not a labor shortage because employers can simply raise wages.

The idea that the United States suffers from a labor shortage is fast becoming conventional wisdom. But…

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Why Don’t People Duel Anymore

Why Did the Ottoman Empire Join the Central Powers?

#COVID19

Image

10 Reasons Colonizing Mars is a Bad Idea

June 6, 1944 – The Sea Was White-Crested and Angry

wordcloud9's avatarFlowers For Socrates

June 6, 1944: D-Day

Allied troops landed on the beaches of Normandy, Operation Overlord, the biggest seaborne invasion in history, marking the start of the liberation of France, and beginning the final phase of WWII in Europe.

Around 150,000 troops from Britain, America, Canada, and other Allied countries landed on five sectors of Normandy beach. The victory was costly: over 10,000 Allied casualties, compared to an estimated 5,000 to 9,000 casualties for the Germans.

To read more, click:

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History’s Most Famous Duels

#COVID19

How do you align the incentives of sea captains transporting criminals to Australia with those of the public?

From https://managerialecon.blogspot.com/2021/05/how-do-you-align-incentives-of-sea.html?m=1

Avoidable Self Harm: Dogged Reliance On Intermittent Wind & Solar Guarantees Power Supply Chaos

stopthesethings's avatarSTOP THESE THINGS

Sign up for wind and solar and receive power supply chaos as just one of the added extras, along with rocketing power prices and a wave of social and environmental havoc.

Australia has been on the path since 2001 when Federal Liberal PM, John Howard introduced his Renewable Energy Target. The Target was greatly expanded by Labor in 2009, with the subsidies to wind and solar pumped up to cost Australian power consumers more than $4 billion a year.

But tonight’s post is about something that, barely a decade ago, was almost inconceivable in a country blessed with coal, gas and (completely ignored) uranium. That is, routine power supply disruptions in the form of widespread load shedding (when the grid manager is in control) and mass blackouts (when things get completely out of control).

At the heart of the debacle sits sunshine-dependent solar and weather-dependent wind.

Here’s Chris Kenny’s…

View original post 1,022 more words

JOHN BOLTON

The Veteran's avatarNo Minister

I have just finished reading ‘The Room Where it Happened’ … the story of John Bolton’s tenure as Trump’s National Security Advisor before he resigned. It is a weighty tome … 494 pages supported by extensive notes.

Bolton paints a picture of a wasted transitional period leading to an almost totally dysfunctional White House where policy was made and unmade on the whim of a President who didn’t ‘do’ mornings, didn’t read his briefing books, and who allowed foreign Heads of State (especially KIim Jong Un) to play him like a piano, appealing to his vanity in order to extract concessions from him. I was particularly fascinated to read the detail behind Trump’s abortive attempt to bring the Talaban to Camp David for one-on-one discussions three prior to the anniversary of the 9/11 attacks by al-Queda to which the Talaban had given aid and comfort. When it all went tits…

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Why Biofuels Are Terrible

Enlightenment versus correctness

The RAF on D-Day and beyond…

MSW's avatarWeapons and Warfare

In January 1944 Tedder and Coningham were recalled to Britain to join Eisenhower for the countdown to D-Day. They brought with them enormous experience, the glow of victory and a shared outlook. The nature of the air war fought through North Africa, Sicily and Italy had to some extent been formed by Coningham’s ideas and leadership. In February 1943, he was given command of the British and American tactical forces in Tunisia. The team carried the Allies through the expulsion of the Axis forces from Tunisia, the Sicily landings and the invasion of Italy. At every stage lessons were learned and technologies and tactics were refined that would be applied triumphantly in the next stage of the air war.

On D-Day, 171 squadrons roamed over the troops toiling ashore. The almost total lack of opposition meant they were barely needed and hopes faded for a decisive first-day battle that would…

View original post 2,650 more words

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