Thanks for liking and commenting! IMHO yes. I think the results that Milei got immediately by drastically cutting the government in Argentina show that everyone (but government regulators) benefit by cutting back government. For example, government policies cause most of the inflation. And inflation in the price of consumer goods hurts working people the most. Would working people immediately be better off if, say, sales taxes were cut by 90%?
1. Yes, the shockingly high cost of housing is creating lots of problems. I think the cost of a house in California is like 50% higher than the cost of the same house in TX, and the difference is in the greater amounts of government regulation in CA. And while rent control seems to keep rent cost down, it drives it up in the long run because landlords know they can't make money building more housing.
But is more government likely to be the solution? It hasn't been so far. It would take time, but dramatically lowering the cost of housing by letting free enterprise work would decrease the requirements for lending and for rent applications.
2. Medical and Education costs started to explode when the federal government got involved in controlling health and education systems. But yes, you're right, now that costs are so high, debt incurred paying those costs is a real problem for people. I don't know what the answer is, but is more government really likely to be the solution?
As you can guess, I think that more government intervention as a solution to these problems is a bandaid that only makes the injury worse in the long run. Again, thanks for your comment!
Government intervention fails because they try to solve issues in the confines of a capitalistic framework, so they can only ever put a Band-Aid on the root of the problem.
pretty short-sided thinking, if I'm following correctly.
Question: If the government took its hands out tomorrow would the majority of Americans living paycheck to paycheck miraculously be better off?
Thanks for liking and commenting! IMHO yes. I think the results that Milei got immediately by drastically cutting the government in Argentina show that everyone (but government regulators) benefit by cutting back government. For example, government policies cause most of the inflation. And inflation in the price of consumer goods hurts working people the most. Would working people immediately be better off if, say, sales taxes were cut by 90%?
Mhmm, you may be on to something here, BUT
1. What about the cost of housing and the ridiculous requirements to be approved? (credit score) (3x income)
2. What about Medical and Higher education debt?
How could they be resolved without government intervention??? Genuinely curious
1. Yes, the shockingly high cost of housing is creating lots of problems. I think the cost of a house in California is like 50% higher than the cost of the same house in TX, and the difference is in the greater amounts of government regulation in CA. And while rent control seems to keep rent cost down, it drives it up in the long run because landlords know they can't make money building more housing.
But is more government likely to be the solution? It hasn't been so far. It would take time, but dramatically lowering the cost of housing by letting free enterprise work would decrease the requirements for lending and for rent applications.
2. Medical and Education costs started to explode when the federal government got involved in controlling health and education systems. But yes, you're right, now that costs are so high, debt incurred paying those costs is a real problem for people. I don't know what the answer is, but is more government really likely to be the solution?
As you can guess, I think that more government intervention as a solution to these problems is a bandaid that only makes the injury worse in the long run. Again, thanks for your comment!
Government intervention fails because they try to solve issues in the confines of a capitalistic framework, so they can only ever put a Band-Aid on the root of the problem.
And yep no problem, thanks for your response!