Yep... U6 is @ 14%. But the Disability Soc Sec rose by another 5% since 2008 which is very suspicious and could infer that people who gave up are using another path to a pay check. U6 also ignores people who are no longer seeking work. These nukbers are very close to the worst of 1929-33. They are fodder for exactly the popular revolutionary movenments that appeared then, and as we have seen in the anti-wall strret movement. I mean, a demogogue with extreme socialistic/communistic agendas could appear if he is not already here. The first thing he woukd do is start Class warfare, picking of the Oil Industry. Like Chavez, Nationalization would follow as the companies have already been call out as gouging the public. Tge dishonesty in accusing these companies of making obscene profits ignores that they earn @6% on their total sales, or 6 cents on every dollar spent on gas at the pump. The Government Tax on that same Gallon of Gas is more than 25%, or one dollar. Also, the Fed already owns large tracts of Oil rich Public Lands, and had also reserved all the Off Shore site. The temptation to commandeer the Oil seems very strong for a power hungry cabala in washington.
LOL Something for nothing thinking defies Reality. To live in a fantay world were one can just "will" a livilyihood is insane. But what is rational is the concept of adjusting prices to extraneous cost. We see this is retail stores which raise the prices to cover shoplifting in the neighborhoods where it is rather common. We see Hospitals charge Insured patients enormous amounts for rooms and services to cover the cost of ZEmergency Room patients who are uninsured and never pay. What we need do is raise the Minimum Wage for the 80 million unskilled laborers who ARE working, in order to cover the Income Taxes the government does not receive during High Unemployment. The effect would be that prices would rise, and the GNP would double, raising twice the amount of Taxes colected today. The $2.3 Trillion Dollars Collected in Taxes would be $4 Trillion, which is exactly the Budget for 2012.
Note in the BLS jobs report. 69,000 new jobs. Balance that against a birth rate that has 333,000 new people available each MONTH. If we only count LESS than a third of them, 100,000, it shows how pitiful b.o. policies have failed. Also note the BLS claimed 154,000 new jobs for March. That is now revised DOWN to 143,000 April was 115,000. Now revised DOWN to 77,000. So 49,000 obama CLAIMED jobs have simply disappeared off the very bottom of the page.
I am not sure I understand your point of view, we do not have any truer form of communism where the government provides for everything. Therefore, money is a requirement in our institutional and money based system of markets. It could be claimed, that it is merely mediocre public policy decisions that have merely provided public sector interference and intervention in private sector markets, instead of letting firms conform to more absolute forms of rational choice theory. Structural forms of unemployment engendered by a State could be considered done for purposes of public domain.
Why do you believe that equality before the law is "insane" or not conforming to any rational choice under that theory, especially with a Republican form of Government? I am not sure what you mean by something for nothing; we have already spent over 7 trillion dollars on a War on Poverty; why is it not termed a boondoggle and generational form of theft in modern times?
My hypothetical merely conforms to the theory of supply and demand. Why do we need public policy choices that are more complicated than administering our current regime of minimum wage laws are now? In my opinion, that expense should be reserved to means tested welfare.
