3 ms·
I'm curious why anyone thinks it's a big problem. SSI and SNAP have really high velocity. For one thing, velocity is a good thing on its own. For another, they
by ArkyBeagle 10y ago
I'm curious why anyone thinks it's a big problem.
SSI and SNAP have really high velocity. For one thing, velocity is a good thing on its own. For another, they're both composed of everybody's favorite convenient social fiction - money. The both run around 5% of GDP. So say that doubles.
People not working is only actually a problem if the overall economy experiences something akin to opportunity loss from them not doing anything. The map is not the territory and the books are not the company.
- jackcosgrove 10y agoI am listening to this book now called "The Dictator's Handbook". One of the arguments is that as more people become economically productive, the level of autocracy in a society decreases because it is in governments' interest to liberate productive people to generate wealth. So a society in which many people are unproductive is also a society more liable to become a dictatorship.