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View Diary: The Descent of Republicans (163 comments)

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  •  Ok maybe I'm missing something here (1+ / 0-)
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    But I seem have a different interpretation of the term "transfer payments". Is that some sort of technical term I'm not aware of, because I read it to mean taking money from the rich and giving it to the non-rich, which is classic RW nonsense.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Sun Nov 18, 2012 at 07:06:24 AM PST

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    •  Wikipedia has a good definition. (2+ / 0-)
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      kovie, tardis10

      Wikipedia: Transfer Payment

      In economics, a transfer payment (or government transfer or simply transfer) is a redistribution of income in the market system. These payments are considered to be exhaustive because they do not directly absorb resources or create output. In other words, the transfer is made without any exchange of goods or services.[1] Examples of certain transfer payments include welfare (financial aid), social security, and government making subsidies for certain businesses (firms).

      -7.75 -4.67

      "Freedom's just another word for nothing left to lose."

      There are no Christians in foxholes.

      by Odysseus on Sun Nov 18, 2012 at 08:39:51 AM PST

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      •  Then my original interpretation was the right one (4+ / 0-)
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        tardis10, a2nite, Odysseus, JerryNA

        And I stand by my statement that Douthat was basically invoking Romney's view of them as "gifts" taken from the rich to give to the non-rich, for political gain. He just used fancier words and imagery to say the same thing.

        Modern Republicans simply do not believe in top-down resource reallocation, whatever they call it. Thing is, no society can prosper, nor avoid abject poverty, without a fair amount of it. The free market is a fantasy. And whether Repubs object to reallocation on moral or practical grounds, they're simply wrong.

        "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

        by kovie on Sun Nov 18, 2012 at 08:45:01 AM PST

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