Re: Drill Now for oil

Simon S Aysdie wrote:
On Jun 23, 5:00 pm, James Arthur wrote:
On Jun 23, 5:30 pm, donald wrote:

You mean the neo-Laffer curve.
"The neo-Laffer curve is a satirical construct created by Martin Gardner
to establish the fallacy of one of many "laissez-faire" ideas that
became collectively known as Reaganomics. It demonstrates a basic error
of mathematical confusion that held in its sway, among other things, the
executive office of the United States of America."
Google it
It's a peripheral issue, IMO, unless you think a government's chief
concern should be of increasing its return from its servants, rather
than providing services while presenting the lightest possible burden
on same.

Maximizing host yield is a parasite's calculation, not a government's.

Exactly, except for government has become essentially parasitic and/or
serving special interests.

That's inherent in the beast: governments can't make things,
people do, so governments have to live off their hosts, off
the people. That's why least is best.

Our government has become so large it's its own entity,
complete with its own special interest groups.

Politicians want to be re-elected. Their interest is in
spreading money as widely possible, gleaning votes.
Inefficiency is a virtue--the more hands involved, the
more people are pleased, the better the election returns.

Civil servants have their own pension / medical plans, and
a union. Their chief interest is in perpetuating their own
jobs.

Neither have but the barest incentive to be innovative,
effective, or frugal.

In fact you're safer doing nothing--or even better, bashing
the other guy--than doing anything; the incentive is to inaction,
as actions can be criticized, programs can fail.

(Of course government programs never fail, they just need
more funding.)

If any problems crop up blame the other guy.

Cheers,
James Arthur
.

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