Democracy: Two Wolves and a Sheep Voting on What’s for Dinner

Responding to this post on Cafe Hayek, morganovich concisely sums up moral hazard:

why act responsibly if acting irresponsibly gets you free stuff?

He also concisely sums up the problem with government charity:

it’s always folks wanting to be generous with my money then voting themselves less skin in the game through purported defense of the “middle class” and its “unfair tax burden”.

10 years ago 24% of americans paid no net federal income tax.

that number is now 51%.

that’s a terrifying number as they are now the majority, so every time a new “compassion” issue comes up, a majority knows it’s not their money. it does not take a brilliant game theorist to see where that leads.

Well-said, even without proper capitalization.