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View Diary: The Descent of Republicans (163 comments)

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  •  One can be forgiven I hope... (0+ / 0-)

    ...for concluding that "our Financial Overlords" would like nothing better than for all of us to be required to carry what they believe would be the most relevant form of Personal Identification: a summary of one's current net worth as defined by them, accurately refreshed every minute or so.

    Transfer payments that would mitigate the otherwise "abject  failure" of somewhere in the neighborhood of 99.75% of us "lesser mortals" would simply be blinding us to the reality of our absolute failure as wealth units...or something.

    When you are right you cannot be too radical; when you are wrong, you cannot be too conservative. --Martin Luther King Jr.

    by Egalitare on Sun Nov 18, 2012 at 06:56:03 AM PST

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    •  Ok maybe I'm missing something here (1+ / 0-)
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      But I seem have a different interpretation of the term "transfer payments". Is that some sort of technical term I'm not aware of, because I read it to mean taking money from the rich and giving it to the non-rich, which is classic RW nonsense.

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Sun Nov 18, 2012 at 07:06:24 AM PST

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      •  Wikipedia has a good definition. (2+ / 0-)
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        kovie, tardis10

        Wikipedia: Transfer Payment

        In economics, a transfer payment (or government transfer or simply transfer) is a redistribution of income in the market system. These payments are considered to be exhaustive because they do not directly absorb resources or create output. In other words, the transfer is made without any exchange of goods or services.[1] Examples of certain transfer payments include welfare (financial aid), social security, and government making subsidies for certain businesses (firms).

        -7.75 -4.67

        "Freedom's just another word for nothing left to lose."

        There are no Christians in foxholes.

        by Odysseus on Sun Nov 18, 2012 at 08:39:51 AM PST

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        •  Then my original interpretation was the right one (4+ / 0-)
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          tardis10, a2nite, Odysseus, JerryNA

          And I stand by my statement that Douthat was basically invoking Romney's view of them as "gifts" taken from the rich to give to the non-rich, for political gain. He just used fancier words and imagery to say the same thing.

          Modern Republicans simply do not believe in top-down resource reallocation, whatever they call it. Thing is, no society can prosper, nor avoid abject poverty, without a fair amount of it. The free market is a fantasy. And whether Repubs object to reallocation on moral or practical grounds, they're simply wrong.

          "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

          by kovie on Sun Nov 18, 2012 at 08:45:01 AM PST

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