tag:blogger.com,1999:blog-7642929222753173260.post1679287108881439694..comments2023-08-12T02:43:38.927-05:00Comments on Free Market: LoopholesFreeMarkethttp://www.blogger.com/profile/12640525471233108791noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7642929222753173260.post-53662919275353060542010-05-19T21:35:28.369-05:002010-05-19T21:35:28.369-05:00Speaking of the propensity of politicians to push ...Speaking of the propensity of politicians to push costs to the next administration, next generation, etc., the millennials who are stuck paying for the current round of government overspending have one of the most lax work ethics of any generation :-)Freemarketnoreply@blogger.comtag:blogger.com,1999:blog-7642929222753173260.post-59147400526777833342010-05-18T06:16:26.694-05:002010-05-18T06:16:26.694-05:00We can solve that by putting in a mandatory retire...We can solve that by putting in a mandatory retirement age. <br />Today we have a global problem in the political arena of short time horizons and screwed up incentives. Politicians have exploited to the hilt the borrowing of money to spend on projects garnering votes. Long term promises have been made that can't be kept to regain office in the short run.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-7642929222753173260.post-86822346215634426592010-05-18T05:49:56.445-05:002010-05-18T05:49:56.445-05:00DIY I disagree. I see your point about not having...DIY I disagree. I see your point about not having to fundraise and pay back the moneyed interests with expensive decisions (expensive to taxpayers), but incumbents are arrogant and abuse their power. Look at the supreme court. <br /><br />WTH don't they just retire ?! Seriously. 95 year olds working in this important position? Intolerably selfish and egotistical.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7642929222753173260.post-33272512119547912032010-05-16T20:56:54.946-05:002010-05-16T20:56:54.946-05:00Part of the problem is that even when the use of ...Part of the problem is that even when the use of loopholes is discovered politicians don't have the nerve to close them.<br />Policies always have unintended consequences. Maybe Plato was right when he recommended that politicians serve for life so they don't have to worry about being re-elected.DIY Investorhttp://rwinvesting.blogspot.comnoreply@blogger.com