Thursday, October 4, 2012

Two Debate Thoughts (now with 50% more!!)

1. It's clear that class warfare is alive and well in both parties. The surprising thing is that both parties are on the same side. If we take the candidates at their word, the upper and lower classes are going to get hosed by the middle class.

2. There's a lot of love for small business that I don't understand. Most small businesses are small because they aren't particularly well run. Am I supposed to believe that small business owners intentionally keep their businesses small? Sure, small businesses create a lot of jobs, but they also destroy a lot of jobs too. If half of all small businesses fail within the first five years, how many jobs do we lose because of small businesses? I have nothing against small businesses, but I don't see the big deal.

3. Obama claimed that if we give more grants to college students, more people will be able to go to college. This is absolutely false, and is the kind of reasoning that has caused tuition rates to rise so quickly. It is simple supply and demand. The supply of colleges is pretty much fixed, but the number of people who are willing and able to pay is increasing, so the price increases. If you want to increase the number of people who go to college, you have increase the supply of colleges.

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