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Posts Tagged ‘free money’
California To Illegals: ‘Want Some Free Money?’
Posted by M. C. on March 11, 2024
Posted in Uncategorized | Tagged: California, free money, illegals | Leave a Comment »
Everyone Loves a Generous Government Until They Have to Pay For It
Posted by M. C. on December 27, 2023
Not only does everyone love getting “free money” from the state, they also love hearing the fantasy repeated endlessly that debts are no problem because we will continue to “grow our way out of debt.”
https://www.oftwominds.com/blogdec23/generous12-23.html
Charles Hugh Smith
Governments, like individuals, can spend liberally with great generosity, or they can be frugal. Everyone receiving government money loves the state’s free-spending generosity, as it is “free money” to the recipients.
But there is no such thing as truly “free money,” a reality discussed by Niccolo Machiavelli in his classic work on leadership and statecraft, The Prince, published in 1516. In Machiavelli’s terminology, leaders could either pursue the positive reputation of being liberal in their spending (not “liberal” in a political sense) or suffer the negative reputation of being mean, i.e. miserly, tight-fisted and frugal.
Machiavelli pointed out that the spending demanded to maintain the reputation for free-spending liberality soon exhausted the funds of the state and required the leader to levy increasingly heavy taxes on the citizenry to pay for the state’s largesse.
Once we examine this necessary consequence of liberal spending, it turns out the generous government is anything but generous, as it is eventually forced to impoverish its people to support its spending.
It is the miserly leader and state that is actually generous, for it is the miserly leader / state that places a light burden on the earnings and livelihoods of the citizenry.
As Machiavelli explained, taxes and the inflation that comes with free spending both rob everyone, while the state’s generosity is a political process that necessarily distributes the largesse asymmetrically:
If he is wise he ought not to fear the reputation of being mean, for in time he will come to be more considered than if liberal, seeing that with his economy his revenues are enough, that he can defend himself against all attacks, and is able to engage in enterprises without burdening his people; thus it comes to pass that he exercises liberality towards all from whom he does not take, who are numberless, and meanness towards those to whom he does not give, who are few.
The profligate state and leader fail, for their resources are squandered.
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Posted in Uncategorized | Tagged: free money, Government, Niccolo Machiavelli | Leave a Comment »
More Proof That Alexandria Ocasio-Cortez is Clueless as to What Happens When You Give Away Money
Posted by M. C. on July 29, 2019
Duh! A run on free money, something a socialist would never spot.
https://www.economicpolicyjournal.com/2019/07/more-proof-that-alexandria-ocasio.html?m=
On Monday, Equifax settled with the US Federal Trade Commission over its 2017 data breach, which affected 147 million Americans.
The settlement of up to $700 million includes as much as $425 million for individual compensation including $30 million for “Alternative Reimbursement Compensation.”
Alexandria Ocasio-Cortez
@AOC
Everyone: go get your check from Equifax!
$125 is a nice chunk of change.
Get that money and pay off a bill, sock it away, take a day off, treat yourself, whatever you’d like – but cash 👏🏿 that 👏🏽 check! 👏🏻
💸 It takes one minute. Do it here 💸: (link: https://eligibility.equifaxbreachsettlement.com/en/eligibility) …igibility.equifaxbreachsettlement.com/en/eligibility
Of course, anyone whose brain isn’t made out of fried coprolite would realize that Eqifax isn’t going to send out $125 to 147 million people. That would be $18.4 billion. The net worth of the company is only $7 billion.
Try squeezing $18.4 billion out of $7 billion and call me when you are done.
Here is what the settlement really says:
[Y]ou may file a claim for Alternative Reimbursement Compensation for up to $125. To claim Alternative Reimbursement Compensation you must certify that you have some form of credit monitoring or protection services on the date you submit your claim form and that you will keep those services for a minimum of six (6) months…If there are more than $31 million claims for Alternative Reimbursement Compensation, all payments for Alternative Reimbursement Compensation will be lowered and distributed on a proportional basis.
The Alternative Reimbursement Compensation is an alternative to 10 years of free credit monitoring services from Equifax.
But the real key to the alternative reimbursement is that the cash payments are capped at $31 million and dispersed on a proportional basis. Thus, if all 147 million people file for their portion of the settlement via this alternative, they each get a check for 21 cents.
So much for the financial acumen of the socialist genius and her nutty thinking that there is a $125 give away to 147 million Americans.
Someone must have eventually clued her in. She later tweeted:
Alexandria Ocasio-Cortez
@AOC
·
Okay everyone UPDATE on Equifax: for most people the better deal is 10 years of free credit monitoring.
There’s apparently a run on settlements so there’s anxiety people are going to get 16 cent checks. But if you choose 10 years of credit monitoring, Equifax *must* cover it.
Duh! A run on free money, something a socialist would never spot.
–RW
Posted in Uncategorized | Tagged: Alexandria Ocasio-Cortez, Equifax, free money, reimbursement | Leave a Comment »
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