Friday, June 29, 2012

TANSTAAFL — But Our Citizens Don't Get It!

SEE HERE "There Ain't No Such Thing As A Free Lunch" but the current administration is playing this 1%  versus 99% mantra for all it's worth.  It's all those evil rich people (who by the way pay almost all the taxes already) who are someone keeping the 99% from getting what they deserve, for free of course. 

Well I have news for the 99%.  They don't deserve anything but what they produce for themselves that they can exchange with others.  It's called production.  You are not born into the world with any entitlements whatsoever except those that other people, right thinking people, acknowledge as your inalienable rights. 

Equilibrium is achieved when total consumption equals total production.  If production exceeds consumption than prices fall and everyone gets more for less.  If consumption exceeds production then that only works until inventories run out and then everyone goes wanting but usually this raises prices and stimulates production.  That's the way the real world works.  Those like the OWS crowd are trying to live in a dream world because they never were introduced to the real world.  Getting a job and living on the income is always an education.

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