--- Alypius Skinner <[EMAIL PROTECTED]> wrote:
"'John Hull wrote:
1. The program will prevent poor from coming to the
States.  I think that's wrong....'
So you think its wrong to demand that poor people
respect private property rights...."

That's a bit of a non sequitur. :)
Nope.  All I was saying is that poor shouldn't be
prevented from immigrating simply for being poor (and
that the proposed citizenship structure would do that,
a view that has been well challenged).  Furthermore,
that people should be allowed to move from country to
country fairly unhindered--taking the fleas with the
dog.  No insightful economic arguments here, it's just
a value that I have (and interjected).

Alypius Skinner <[EMAIL PROTECTED]> wrote:
"Ken Lay, Bill Clinton (Hillary in 2008), what's the
difference? Lay might even be an improvement."

Hillary in 2008?  Ooof.  Humor aside, I'm not sure I
agree that Lay-esque leadership would be an
improvement.  You remark how stupid and apathetic
voters are, it seems to me that in that environment
someone more clever than I could come up with a scheme
to build stock prices in the short-run, get paid, and
bail out of office.  The world has certainly seen its
share of bad leaders, but that doesn't mean that they
couldn't be worse.  I think that the proposed scheme
would shorten political time horizons by linking
reward to a very short-term phenomenon, and thereby
produce even greater incentives for bone-head moves. 
I feel that if leaders' primary compensation comes in
the form of going down in the history books in a good
light, then they'll be more inclined to think in the
longer term.  

Obviously, I don't have a general argument to back
this up.  It is also obvious that one could easily
pick out plenty of counter examples, which I could not
counter with counter examples because we're dealing
with a hypothetical.  I would like to hear an argument
as to why linking reward to an extremely short-term
phenomenon would produce better leaders on average. 
I'm not throwing down the gauntlet...it's just
something I'd like to hear.

--- Alypius Skinner <[EMAIL PROTECTED]> wrote:
"But all the incentives for that scenario (embracing
mercantile excesses) already exist."

That must be true to some degree since people keep
putting Pat Buchanan on TV.  But I submit that those
incentives arise from your aforementioned voter
ignorance & stupidity: some people support schemes
that are ultimately harmful for the nation & the world
and will vote for the slobs who enact such policies. 
The proposed scheme, IMO, creates an *institutional*
incentive for such mercantilist policies because they
can, at least in the short-run, hurt the rest of the
world alot more than they will hurt us.

Thanks for reading my stuff,
jsh

=====
"...for no one admits that he incurs an obligation to another merely because that 
other has done him no wrong."
-Machiavelli, Discourses on Livy, Discourse 16.

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