ebonlock: (Brock pissed)
Reading this rather effectively raised my blood pressure this morning:

More educated people think more like economists; in fact, more educated people pretty much have more reasonable views across the board. Furthermore, by a happy coincidence, more educated people are more likely to vote. Once my book gets to policy implications, these facts inspire a number of shocking suggestions:

* Stop trying to “get out the vote” - higher turnout reduces voters’ average competence.
* Give college grads extra votes, as Britain did until 1949.
* Require would-be voters to pass a test of economic literacy.

To which Sadly, No! replies:

When he says that voters should be “economically literate,” of course, he means that they should be literate in the economic ideas that he finds valuable. Ignorant populist filth such as Robert Reich and Joe Stiglitz need not apply.
[...]
Does this sort of thinking make me uncontrollably angry? Yes it most certainly does. I’ve done my share of ranting and raving about how gobshite stupid many American voters are, but never in my life have I ever considered a solution that would involve disenfranchising people based on their lack of education. I mean, my God. That an alleged “libertarian” economist would advocate depriving uneducated people of their ability to have a say in how their government operates is disgusting and repugnant beyond all belief. The sort of “freedom” that Caplan advocates is the freedom for educated upper-class and upper-middle-class people to make decisions on behalf of the uneducated poor who, alas, are simply too stupid to know where their interests really lie.

As an educated person who has taken economics and accounting classes in the past, this sort of idea should actually appeal to me; after all, I would stand to benefit from it, and I would have tremendous sway in voting for policies that would make me very wealthy at the expense of others. But because I have this pesky little thing called a “conscience,” I don’t think I could go for it. Others, most notably “libertarian” economists such as Caplan, don’t have that problem. But as my homey Max says, “THEY TEACH THE CHILDREN OF VIRGINIA.” God help us all.


But you really must read some of the comments on the original post:

Why not a plutocracy? Wealth is correlated with IQ. and wealthy have an interest in raising the country’s wealth.

and:

Our Founding Fathers would be appalled to see a marginal to functionally illiterate person entering the voting booth. A viable democracy may not even be possible if the ignorant can cancel out the vote of a more educated individual. And no, I am not advocating elitism.


One of my favorite comments in response on Sadly, No!:
#

Jake H. said,

Isn’t this book ultimately against VOTING entirely? If you’re going to pre-select the electorate to support a certain set of policies, why go to the trouble and expense of elections? Just implement the policies and tell everyone to be quiet. And run for cover when V bombs Parliament.

Although this one summed it up slightly better:
#

cleek said,

the fucker’s a cockhair away from advocating eugenics.
ebonlock: (Monarch)
You know, if if Jim Webb keeps talking like this I may just have found my new political pretend boyfriend (Barack Obama was a mere crush, though Russ Feingold still holds a big piece of my heart):

America's top tier has grown infinitely richer and more removed over the past 25 years. It is not unfair to say that they are literally living in a different country. Few among them send their children to public schools; fewer still send their loved ones to fight our wars. They own most of our stocks, making the stock market an unreliable indicator of the economic health of working people. The top 1% now takes in an astounding 16% of national income, up from 8% in 1980. The tax codes protect them, just as they protect corporate America, through a vast system of loopholes.

Incestuous corporate boards regularly approve compensation packages for chief executives and others that are out of logic's range. As this newspaper has reported, the average CEO of a sizeable corporation makes more than $10 million a year, while the minimum wage for workers amounts to about $10,000 a year, and has not been raised in nearly a decade. When I graduated from college in the 1960s, the average CEO made 20 times what the average worker made. Today, that CEO makes 400 times as much.

In the age of globalization and outsourcing, and with a vast underground labor pool from illegal immigration, the average American worker is seeing a different life and a troubling future. Trickle-down economics didn't happen.


Isn't he just dreamy?

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