re: #66 Obdicut

Explain how ‘social funding’ eats wealth.

For example, food stamps: Food stamps are given to a person who is living at the poverty line. This means this person spends that food stamp income on food at a store. That income goes to the supermarket, and part is passed along to the shipping companies, distributors, farmers. Most of it will stay in-country. With the income freed up from necessities, the poverty-level person may be able to afford a cheap used car, or a bus pass, and be more able to find employment. Alternately, they might just be able to make rent, and not be homeless, in which case they cost money in terms of taking up resourced in a shelter if lucky, and police resources if not.

Explain what part of that scenario ‘eats wealth’, please.

I wasn’t talking about food stamps, I was talking about Hollande’s desire for increased spending on more expansive programs, paid for with new taxes.