The magic pudding state – The Drum Opinion (Australian Broadcasting Corporation)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Benjamin Herscovitch writes: It seems many of us have been taken in by the conceit that the welfare state can offer never-ending free lunches. We expect governments to offer more social security payments, health care, education, etc., all the while assuming that we will not have to pay for it. It is time to let … <\/p>\n
Continue reading “The magic pudding state – The Drum Opinion (Australian Broadcasting Corporation)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[3166,3351,3663],"class_list":["post-7534","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-social-security","tag-taxes","tag-welfare-state"],"yoast_head":"\nThe magic pudding state - The Drum Opinion (Australian Broadcasting Corporation) - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The magic pudding state - The Drum Opinion (Australian Broadcasting Corporation) - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Benjamin Herscovitch writes: It seems many of us have been taken in by the conceit that the welfare state can offer never-ending free lunches. 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The country\u2019s \u201ccradle to grave\u201d social security system has long\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4861,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/16\/a-lack-of-money-isnt-the-problem-its-time-to-shrink-the-drum-abc-news-australian-broadcasting-corporation\/","url_meta":{"origin":7534,"position":2},"title":"A lack of money isn't the problem: it's time to shrink – The Drum – ABC News","author":"Colin Twiggs","date":"July 16, 2012","format":false,"excerpt":"Alan Kohler: Debt was built up through 30 years of current account imbalances after currencies were finally unshackled from the gold standard in 1971, and the depression of the 70s came to an end in 1982. Central banks, principally the Federal Reserve, complied in the process of debt build-up by\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6325,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/03\/noam-chomsky-europes-policies-make-sense-only-on-one-assumption-that-the-goal-is-to-try-and-undermine-and-unravel-the-welfare-state-europp\/","url_meta":{"origin":7534,"position":3},"title":"Noam Chomsky: \u201cEurope\u2019s policies make sense only on one assumption: that the goal is to try and undermine and unravel the welfare state.\u201d | EUROPP","author":"Colin Twiggs","date":"December 3, 2012","format":false,"excerpt":"Noam Chomsky in an interview with EUROPP editors Stuart A Brown and Chris Gilson: Europe\u2019s policies [austerity during a recession] make sense only on one assumption: that the goal is to try and undermine and unravel the welfare state. And that\u2019s almost been said. Mario Draghi, the President of the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5347,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/","url_meta":{"origin":7534,"position":4},"title":"Sweden: Failure of the welfare state experiment","author":"Colin Twiggs","date":"August 28, 2012","format":false,"excerpt":".....Sweden has a large welfare state and is successful. This is often seen as a proof that a \u2018third way\u2019 policy between socialism and capitalism works well, and that other nations can reach the same favourable social outcomes by simply expanding the size of government. If one studies Swedish history\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6518,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/23\/how-the-welfare-state-traps-the-poor-in-dependency-the-british-version-international-liberty\/","url_meta":{"origin":7534,"position":5},"title":"How the Welfare State Traps the Poor in Dependency, the British Version \u00ab International Liberty","author":"Colin Twiggs","date":"December 23, 2012","format":false,"excerpt":"Dan Mitchell describes how withdrawal of welfare benefits as your income rises can create a tax cliff that discourages the unemployed from seeking more work. A graphic from British newspaper The Spectator gives this example: John 21, works 25 hours per week at a gross wage of \u00a35.70 per hour.\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=7534"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7534\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}