Progressive Nonsense of the Month: "Guaranteed Jobs"

Should people have a guaranteed basic income? How about a guaranteed job?

That's a lot like asking: Would you rather lose your left leg or right arm to cancer?

Striving for "Full Employment"

DWT claims defines full employment as "everyone seeking a job gets one."

"Federal jobs could provide socially useful goods and services," says the socialist website. The claim is debatable. Someone with no skills to do anything certainly cannot do anything useful.

Moreover, DWT never bothers to ask, "At what cost?"

To give everyone a job who wants one, government will be employing millions of totally useless people including unstable drug addicts or worse. And the costs will mount with training and transportation costs.

Fewer Poor Americans?

DWT claims "A Job Guarantee Means Fewer Poor Americans". Once again that is debatable. Socialist programs never work as advertised.

The expense of paying people some "basic income" has to come from somewhere. And the only place it can come from is from the productive segments of society.

Right now the push is for $15. If such a program actually was implemented, the push would be for $20, then $25, then higher.

Socialist silliness and MMT often go hand-in-hand. These MMTers believe there is no cost to government taking over industry and creating jobs.

If the free market is unable to provide the function, the job isn't needed.

Support for Communism

The communists and economic illiterates were out in full force praising DWT's idea.

"Support for UBI is properly grounded on the idea of shared common resources that we should all benefit from," claims responder Pyradius.

That sounds suspiciously like Karl Marx's communist manifesto: "From each according to his ability, to each according to his need."

UBI a Libertarian Idea?

Here's a funny comment by Mainstreeter: "UBI is a scam by the libertarians to eliminate social security, Medicare and the like."

The fact of the matter is no one supporting UBI can rightly call himself a Libertarian.

MMT Nonsense

Here's another one that's a real hoot. Reader Dan stated, "MMT is not your friend, unless you are a pro-capitalism elitist."

Once again the commenter could not possibly be further off base. No pro-capitalist can possibly believe in something as foolish as MMT.

Something for Nothing, from Nothing

​You cannot get something from nothing, at no cost, no matter how hard you try.

The idea that government can just print the money and give it away has been proven false time and time again.

One must be trained to believe such nonsense. Unfortunately, nonsense is precisely what most colleges and universities teach. Many academics have never had a job in the real world.

Productivity, already a huge concern, would collapse on these foolish schemes. Carried to extreme, hyperinflation would eventually result.

Venezuela

Venezuela provides a nice example of socialism in action. So does Zimbabwe.

Yet, these absurd idea go on and on and on. Socialist fools never learn.

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Mike "Mish" Shedlock

Comments (31)
No. 1-25
clovisdad
clovisdad

I would like to attribute this insanity to a fringe element, because anyone with the slightest experience in the real world knows that capitalism survives naturally because we try to deliver our best performance to get our best compensation, which means that the society is full of people providing their best performance. The concept that a guaranteed job will generate the same result is preposterous. Incentives are the essence of a successful society. Fear of poverty and the desire for a better life are what can drive humans to produce things which are useful to others. Nothing else can do that, and the idea that government can mandate it and print money to pay for it should identify the promoters as incompetents.

Tezza
Tezza

Make taxes voluntary and we;ll get the size of government we deserve :)

Realist
Realist

Socialism is certainly not the answer to all economic problems. But then, neither is Capitalism. The world is a complex place, filled with complex problems. To imply that Capitalism alone can solve all the complex problems is disingenuous at best. I am a fan of both Democracy and Capitalism. But I do not pretend that they are perfect systems. They are not. I have been fortunate to take advantage of both to live a good life and accumulate modest wealth. I give a lot of my time now to charity, trying to help others acquire the skills they need to be successful in tomorrows world. It is a small attempt on my part to make the world a better place. Rather than worshipping at the altar of Capitalism and disparaging Socialism, I highly recommend that people who want to make a difference in the world, make a New Year's Resolution to try to help others to be successful, so they can be contributing members of society. If you help a few people, and then they help a few people, and so on, you might actually make a difference. Happy New Years. May the world be a better place next year, thanks to your efforts.

channelstuffing
channelstuffing

aren't we already there?how many folks get a check from big gov't every month/,handout from big gov't?subsidy from big gov't?depend solely on gov't contracts,gov't loans,gov't paychecks ?Let me guess?ALOT!!us is the most socialist/marxist gov't dependent country maybe in history.

Tony_CA
Tony_CA

I guess we should only provide socialism for large banks and company.