Quote of the day

This is Joseph

Via Stumbling and Mumbling, here is a George Carlin quote:

Conservatives say if you don’t give the rich more money, they will lose their incentive to invest. As for the poor, they tell us they’ve lost all incentive because we’ve given them too much money.

Now it is true that the mechanisms of subsidy are different, but there is no reason that the investment activities of the poor could not have similar approaches to that of the wealthy.  I think that it is a very important flag that incentives are very complex to apply, and it is not always straightforward to figure out the net effect that they will have.