Tuesday, November 8, 2011

Chinese communist "gets it"

"If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society. I think the labour laws are outdated. The labour laws induce sloth, indolence, rather than hardworking. The incentive system, is totally out of whack.

"Why should, for instance, within [the] eurozone some member's people have to work to 65, even longer, whereas in some other countries they are happily retiring at 55, languishing on the beach? This is unfair. The welfare system is good for any society to reduce the gap, to help those who happen to have disadvantages, to enjoy a good life, but a welfare society should not induce people not to work hard."
--Jin Liqun, the supervising chairman of China's sovereign wealth fund

The way the laws are written in the US, not only is there no incentive to get off welfare, there are incentives to not get married (singles can collect more welfare than a married couple), one of the factors in the erosion of the family unit among the poor in the United States:

No comments:

Post a Comment