The jewel in the crown of Samizdata.net
A blog for people with a critically rational individualist perspective. We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.

Samizdata, derived from Samizdat /n. a system of clandestine publication of banned literature in the USSR
[Russ.,= self-publishing house]
There is much to find for those who look
We are not alone
Made possible by...
 
October 03, 2007
Wednesday
 
 
Laugh, or cry?
Samizdata Illuminatus (Arkham, Massachusetts)  North American affairs

I hardly know whether to laugh, or cry, at this one.

First, the tears:

Democratic presidential candidate Hillary Rodham Clinton said Friday that every child born in the United States should get a $5,000 "baby bond" from the government to help pay for future costs of college or buying a home.

A more grotesque pander is hard to imagine. Naturally, the more rational among us are puzzled:

How might this be funded? There are only three groups that could be asked to pay for the new entitlement with higher taxes (or lower benefits): the current elderly, those currently of working age, or the same future generations who are getting the new benefit and are slated to pay for existing unfunded entitlements. Which group do you think Senator Clinton has in mind?:

As with all arbitrary handouts, it also raises the question (and you can be sure it will be asked if this goes anywhere) of "why not more"? If $5,000 of free money is good thing, why isn't $10,000 twice as good?

Now, the laughter:

Sixty percent (60%) of America's Likely Voters oppose giving every child born in the United States a $5,000 savings bond, or "baby bond." A Rasmussen Reports national telephone survey found that just 27% support the concept suggested on Friday by Senator Hillary Clinton.

Unlike socialized medicine, which I believe is a genuine Cause to the otherwise calculating Hillary, the baby bond is most likely just a trial balloon, thrown out there to see if it would strike any sparks. Having drawn derision and virtually no support from anyone who wouldn't vote for her anyway, I suspect we have seen the last of it. Still, it is a little chilling to contemplate the leading contender for President of the United States already toying with naked wealth transfers such as this.

Comments
Post a comment









Remember personal info?


Enter anti-spambot Turing code:





Select some text and click this to format it as a quote Make the selected text bold Make the selected text italic Add a web link


Basic html active.

Alas, but for obscure reasons Mozilla, Mac and Linux users shall not harness to power of the push-button formatting options and shall therefore compose basic html with their bare hands. Yet Mozilla, Mac and Linux users shall not fear, for we shall reveal forthwith the mysteries of Basic Html:

<strong>This text in-between is bold</strong>

<em>This text is in italics</em>

And
<blockquote>This is a quote</blockquote>
Remember to close your opened tags as such: <tag> tagged text and closing </tag> and we promise you will get out of here alive.

For adding links, either use the link URL button on the toolbar or enter your code by hand in the following format:
<a href="http://www.your_link.com">your link text or description here</a>

Movable Type's anti-spambot e-mail address protection is enabled.

You are a guest on private property. Have fun but please be civil and succinct. Blogroaches will be persecuted, not to mention IP banned.

Long third party quotes or articles will also be deleted... so just link to articles you think are germane to your comment, don't quote the whole bloody thing.