Pensions help economy — just like the Bloods and the Crips

Richard Rider, Chairman, San Diego Tax Fighters Richard Rider, Chairman, San Diego Tax Fighters 10 Comments

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Recently there have been a spate of “studies,” press releases and articles about how we all prosper from government pension fund investing and pensioners’ spending.   Here’s my pithy response:

Actually, if the Crips and Bloods had good PR departments, they could put out similar and equally accurate “analysis” and press releases.

The titles could read something like this:

“Crips’ Thefts Stimulate Economy.”

“Bloods’ Blood Money Energizes Commerce”

A thief who steals someone else’s money and spends (or, indeed, invests) the funds is doing just as much for the economy as the taxes confiscated (under threat of force) for the benefit of our public employee aristocracy.

It’s just another example of the “Broken Window Fallacy,” the ludicrous but too common premise that breaking windows increases prosperity.
http://en.wikipedia.org/wiki/Broken_window_fallacy

In this case, the assumption is that if I take your money and spend it, that’s much more energizing for the economy than if you get to keep your earnings and spend (or invest) the funds yourself.

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Comments 10

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    After posting this on Twitter (via my blog), a Democrat played the race card for me picking on black gangs. My (edited) responses:

    @democrab wants different gang names used. He writes to inform me that it’s okay to use the “Sharks and the Jets.” Denigrating Puerto Ricans is okay, apparently. Good to know.

    Kindly alter my previous Crips & Bloods tweet to include Jets, Sharks, Cosa Nostra, Russkaya Mafiya, Los Zetas [and Smerfs]. My abject apologies to omitted gangs.

  2. For the Uninitiated, Leonard Bernstein’s “West Side Story” masterpiece, features conflict between 2 relatively harmless teenage gangs: (1) The Sharks, who are Puerto Rican and (2) The Jets, who are native-born Anglos.

    As usual, the Race card is the first and only card played when the Left can’t think of anything else. And it has been this way for Decades.

  3. Thanks, Jim, that makes us feel pretty. Yet, we would argue, good naturedly, that the Bernstein/Sondheim take off on the classic Shakespeare tragedy didn’t appear relatively harmless to the guys knifed at the end. All that said, we’re glad that @democrab chooses to engage us, otherwise he would have no one to debate. At Rostra, our motto for everyone is “Somewhere, a place for us.”

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  5. P.S. And thanks, Jim, for clarifying what anyone who has ever read or seen West Side Story should know.

    P.S.S. The race card was already played when Rider chose to compare pensioners with scary black criminals — I only pointed it out.

  6. I think the Bloods and the Crips are the racists for excluding us whites from their social groups.

    I can’t sell drugs, bat women, and shoot rival drug dealers based on the color of my skin??? How offensive.

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    Of course, I wasn’t comparing pensioners with gang members. I WAS comparing the ECONOMIC EFFECT of the monetary confiscations by/for the two groups.

    It’s a subtlety lost on Democrab. Well, not really.

    Two reasons for playing the race card:

    1. Discredit an opponent. Best of luck with that, Democrab.

    2. Deflect the issue. Change the subject.

    Notice that Democrab has nothing to say about the parallel economic effects of the two groups, or the mutual dependence on force. He can’t defend his unions’ propaganda that the pensions boost the economy by taking the earnings and savings of others.

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