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Incorrect, because the bum can only spend so much at one time, practically. You don't want a handful of random bums (your phrasing) either slowly living off th
by angersock 11y ago
Incorrect, because the bum can only spend so much at one time, practically.
You don't want a handful of random bums (your phrasing) either slowly living off the suitcase for a couple of years or quickly burning through on high-ticket items--you want a whole lot of poor people who can buy 2 more things at the checkout this week.
- SilasX 11y agoIt still implies that you should favor cash grants to random bums, since they spend faster than the working poor, who might have the audacity to wait til Friday to buy those shoes. If you favor cash grants to the poor over middle class (on account of the former spending faster), you should similarly favor grants to bums over the working poor. Alternatively, just recognize that there are more considerations, when forming optimal policy, than the rate of consumption.