When you subsidize something, you get more of it *OR* Boring economic stuff from a new site on the Pundit list below, but interesting to me and who knows maybe one or two others

Surprise, surprise, surprise. When one graphs out poverty rates, as EconoPundit did, one finds that poverty was declining here until we started to pay people to be in poverty. When we stopped paying them so much to stay poor, lots of them decided to start being less poor. Gooooolllly! Who’d a thunk it?

I guess it’s not too surprising that the poverty pimps dispute the data, or try switching to raw numbers from overall rates, or any kind of spin to make it look bad and bring back the good ol’ days of growing poverty. Not too surprising, but still disgusting.
Now, imagine what a graph of this sort would look like 25 years hence if social security’s mandatory savings were made totally private and owned by the worker?

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