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The government subsidizes the birth rate because it has decided it IS a social good to have a constantly replenishing workforce (and potential military force). You may disagree with doing that but the argument that it isn't a social good doesn't match where those policies are coming from. Moreover, this blinders-on-libertarianism "I should only pay for things directly for me" approach doesn't work if you pick and choose; you have to address it in context of the entire system (ie, you can't silently accept all the benefits and only shout about the individual moments you don't come out on top). This society, for better or worse, pools money to do things at scale even when some of those things don't have the direct and equal benefit to every individual, instead aiming for a general good for all, stability, and a platform for everyone to have higher potential. Yes, this gets abused in many ways and yes, it should always be constantly evaluated for effectively spending money. However, your anecdotes about how the women or the poors get more than you in certain policies aren't impactful without looking at the whole which includes everything from the roads, breathable air, a widespread and capable workforce, a dynamic labor market, powerful financial markets, a justice system, fire departments, and lots of consumer protections so we can focus on growth instead of spending all our time trying to research if your bank is actually a scam or if the restaurant down the street washes their hands enough. |
> everything from the roads, breathable air, a widespread and capable workforce, a dynamic labor market, powerful financial markets, a justice system, fire departments, and lots of consumer protections so we can focus on growth instead of spending all our time trying to research if your bank is actually a scam or if the restaurant down the street washes their hands enough.
There is certainly some gain in being able to outsource research, but it is difficult to determine if it is a net good for society or the individual due to the moral hazard it generates. Not worrying about your bank being a scam allows actual banks to take on outsized risk and then not face any repercussions. It skews the appetite for risk that disproportionately benefits risk takers. For a recent example, see the Silicon Valley Bank failure, which the FEDs totally bailed out to prevent a collapse across many more banks, mostly because those banks overleant at low mortgage rates and couldn't sell the low interest notes at face value after the rise in interest rates, leading to a liquidity crisis.
Focusing on growth comes at a cost; lots of inefficies are introduced. Instead, we could focus on being efficient and low waste and allow the growth to come naturally.