Sunday, October 18, 2009

The "Perks" of the Poor

As I've grown older (given that I'm only 25, perhaps I should say "less young"), I've become increasingly enamored by politics and the constant debates between opposing parties. Being an avid reader, I've found myself spending more time on texts expounding on politics, history, economics, etc... Currently I'm reading a book titled Ronald Reagan How an Ordinary Man Became an Extraordinary Leader. Thus far, it has included quite a few passages that have resonated with my line of reason. Though I don't profess to be an expert when it comes to the political scene (curious on-looker is probably more accurate), I thought it may be fun to share the occasional excerpts that either ring true with my thought process (which I like to consider common sense), are funny, or have relevance to present day issues.

For those of you that are clamoring, "booo with politics! Bring on the options posts!" No worries, these posts may just turn out to be few and far between.

Reagan regaled his audiences with countless stories over the years. In one of his favorites, he dramatized what he saw as the bizarre and counterproductive effects of government benefits for the poor and underprivileged through the example of a man who discovers that "you can get subsidized housing, health and dental care, university scholarships and other welfare benefits, provided you're poor enough." So the man approaches his boss and asks for a pay cut. "If I make less," he explains, "we'd be eligible for an apartment in the city's new development, the one down town with the pool, sauna, and tennis court. Besides, my son would qualify for government scholarship and we could get his teeth fixed at government expense." His boss says fine, but on one condition: "if your work slips, you'll get a raise!" The man is grateful, but on his way out the boss asks to be invited for tennis and a swim some night when his employee gets into his new place. "Certainly sir," the man says. "I believe the poor should share with the less fortunate!"



Anonymous said...


A biased (author) representation of the world.

Tyler Craig said...


Thanks for the comment. I always welcome dissenting opinions. I would point out it wasn't the author's words as he was quoting Reagan. So, if we want to call that view biased, than it seems the bias should be attributed to Reagan.

Penny Stock Investing said...

I would like to comment about the current condition of the american economy. This is one of the hardest periods in the countries history. Their does not seem to be any consensus about the trends for the economy one week the economic news is good the next week its bad. Their seems to be no consistency what so ever when it comes to economic matters. Mcdonald’s recently hired fifty or sixty thousand people out of one million that applied maybe mcdonald’s should change their old saying it go's you deserve a break today at mcdonald’s' to you deserve a job today at mcdonald’s. As far as those evil banksters go I say lets exchange those three piece suits and briefcases for a pick' a shovel' a bucket' and some pinstripes. Inflation Is the primary reason for much of the growing income inequality between the rich and the poor. It is also I believe the cause of the decline of the middle class. When ever the employing class and by Employing class I Mean anyone or any company That hires personal And gives them a regular paycheck. Their is always a tendency to undercompensate your personal less and less over time simply because when prices rise wages generally lag increases in prices at least for a substantial portion of the working population. Workers do not have much ability to control their wages and benifits. But companies that employ personal have much to say about the wages and benifits that their employees receive. Companies have been undercompensating their personal for decades in an attempt to increase their bottom lines. They have been systematically undercompensating their personal less than the increase in prices on purpose. The result is many workers have little income left over for any purpose other than basic needs food' rent' necessary clothing' utilities' medical bills' Its no wonder that the economy is in serious trouble.