blueollie

Bad arguments for a correct conclusion

One of the things I’ve seen that makes me cringe: someone making an absolutely awful argument for..well, some policy that I want to see enacted or against something that..well, that I oppose.

One example: the owner of Starbucks is thinking about running for President as an independent who is both socially liberal and economically conservative (e. g. low taxes on the wealthy).

Yes, I respect his business accomplishments. But I’ve seen this time and time again: someone who is brilliant (and I am sure that he is) really hasn’t put their brain power to the issues of the day; running a government is very, very different than running a business. For one thing: debt is very different for a government than for a private entity (also here), and governments pay down the debt by growing the economy so that the debt is a smaller and smaller part of the GDP.

But if one spends all their time at work..how much time is there left over for doing hard thinking about other issues? Often I’ve found very successful people to be very uninformed on issues that do not involve their field.

And, let’s face it: businesses ought to be run like businesses…other things shouldn’t be run like businesses.

So, I oppose his candidacy. But..some of the opposition to his candidacy is of: “his “qualifications is that he is a white male.” as if THAT is what made him successful. Sigh…if being a white male were enough, there would be millions of ultra successful people. 🙂

Cartoons: There was a time when wealthy people felt an obligation to society:

Yes, ironically, someone posted a clip to show that this meant that “Keynesians are stupid” but..not really…I think it shows the opposite. A higher marginal tax rate encourages the wealthy to keep working rather than take it easy and make more investments. And stimulation at the bottom of the economy ensures that demand remains high… the “long hours for little pay” is what trickle down has given us now…

Snow: more of it today; BU did a great job of keeping the walkways clear.

Workout notes: 5 more treadmill miles (walking: 1:02:20)

February 1, 2019 Posted by | economics, economy, Peoria/local, political/social, politics, social/political, walking | Leave a comment