Democrats Are Stealing Europe's Old Ideas, Just As Europe Is Having An Attack Of Sense
Benny Avni writes in the NY Post:
While the newly minted front-runner for the Democratic Party, Elizabeth Warren, says wealth tax will finance all her "I have a plan for that" ideas, Europe has tried, and largely dismissed, that scheme. Of the dozen countries that have levied taxes on the ultra-rich, all but three repealed them: Promised government revenues never materialized, and the well-to-do found ways to exploit loopholes or, worse, moved out of the country to escape confiscatory taxes.Meanwhile, in March, former United Nations Ambassador Nikki Haley took to Twitter to challenge another Democratic front-runner, Bernie Sanders, for lavishing praise on Finland's health-care system. "Comparing us to Finland is ridiculous," Haley wrote, as a chorus of fact-checkers -- and Finland's UN ambassador, Kai Sauer -- rushed to Bernie's defense.
Yet, in the same week, Finland's government resigned en masse after a plan to overhaul the national health-care system collapsed, aptly demonstrating the nation's inability to meet universal health care's high costs.
In debates, top Democratic candidates typically explore ideas that would steer America leftward, as in the European Union. But in that same European Union, 33,000 people became unemployed in September. Unemployment rates there hover around 7.5 percent while America enjoys its lowest unemployment numbers in half a century. America's GDP, according to the latest numbers available, grows at almost a 2 percent annualized rate while the Eurozone's growth remains sluggish at under 1 percent.
Yes, Europe's left is trying new things: The Dutch, for one, want to shorten the workweek to four days to raise productivity. These ideas are yet to be tested. But if America's contenders want to beat President Trump next year, they better develop new ideas of their own -- or at least reexamine their stalest, oldest European ones.
Like, you know, the Europeans are doing.








It works both ways, Europe adopts a lot of policies after they've been tried and failed in America, too.
I predict we will be seeing school shootings in the next couple decades here, too.
NicoleK at November 3, 2019 2:23 AM
They won't. Never in the history of the country has an incumbent failed to win reelection in a robust economy.
Elizabeth Warren's fanciful ideas remind me of Bernie's during the last election cycle, when he insisted that college could be made free. Implementing this depended on a completely unrealistic and unprecedented five consecutive years of economic growth like the U.S. had never experienced in its entire existence.
Patrick at November 3, 2019 3:38 AM
Or on a very selective college application process.
NicoleK at November 3, 2019 4:41 AM
"The Dutch, for one, want to shorten the workweek to four days to raise productivity. These ideas are yet to be tested."
Yes it has. It's been tried multiple times. It doesn't work. In fact it does the opposite and reduces productivity. It also reduces GDP growth.
The economy in the US is still in an odd place for us. GDP growth is up, but can't quite get up to historical norms for the US. Obama's roughly 1% growth rate has doubled to 2% and it has become much more stable. But 3-5% was normal in the US. Until Obamacare and Dodd-Frank are repealed we may not see those growth rates again.
The US does appear to be slipping into recession territory. But for voters it looks like a technical recession only. Job growth is stable and doesn't look to fall. So the impact of a recession on voting trends should be minimal.
Ben at November 3, 2019 5:34 AM
If you want to do that in the US, you'd have to change a few laws. For instance, California requires overtime be paid for any and all hours over 8 in one workday - so no 4/10s or 9/80s for California workers.
In addition, claims of increased productivity are a bit spurious. Currently, workers in an 8-hour day get approximately 4-6 hours of actual work done in an 8-hour day for a total of 20-30 hours of actual work in every 40-hour week.
The advocates of a shorter work week assume workers would get the same 20-30 hours of work done in the shorter time frame, instead of a proportionate amount of work - i.e., 16-24 hours in a 32-hour work week. In their calculations, the production per hour increases. Ergo, the increased productivity rates. In some cases, that assumption worked. In others, it did not.
Part of the problem is that American workers spend a great deal of their productive time in meetings and in training seminars (HR needs to have something to do, doesn't it?). Some workplace behavior and time management would have to change for that shorter work week to result in the Holy Grail of higher productivity.
Furthermore, some jobs are simply not compatible with shorter work weeks producing higher productivity rates. Assembly line work will still be so many widgets produced per hour, no matter how many hours are spent producing widgets.
Some jobs require a 24/7 presence, like medical or customer services. For some jobs, productivity is determined by need, such as emergency services. For those jobs, a shortened standard work week with no pay decrease will require more workers - an increase in labor costs.
Finally, what problem is shortening the standard work week trying to solve? What are we hoping to get out of it?
Conan the Grammarian at November 3, 2019 7:27 AM
I predict we will be seeing school shootings in the next couple decades here, too.
I was assured that with the draconian gun control policies in most of Europe these sorts of incidents were unpossible.
Oh. https://en.wikipedia.org/wiki/2015_Thalys_train_attack#Possible_source_of_weapons
I R A Darth Aggie at November 3, 2019 10:00 AM
Comparing the "failing" US healthcare system to other countries is nothing sort of stupid.
Politicians (and the voters too) who compare other healthcare system as being superior to the US fail to mention one major difference.
That difference is that no one even comes close to innovation like the US; other countries benefit from the US system in that if it weren't for the US most of the major medical advances made around the world would disappear if the US stopped coming up with new ideas.
This isn't to say other countries don't come up with new ideas. They do; but, it is miniscule compared to what the US comes up with.
Shut down the current US healthcare system by converting it over to a one-size fits all model will shut done innovation.
Just where will countries like India and China, who reverse-engineer pharmaceuticals, get their new medicines to copy from without the US?
I am quite frankly, getting tired of this crap from politicians who just don't "get it."
charles at November 3, 2019 10:09 AM
The blowback against trans-activists will be epic once it reaches the tipping point. But they're just a subset of #CancelCulture.
https://pjmedia.com/instapundit/347205/
I R A Darth Aggie at November 3, 2019 11:34 AM
> for voters it looks like
> a technical recession only.
"For voters"! Technical only!
Such *learnedness*...
It's like a kid playing TV Newsman by stumbling around the kitchen in Dad's wingtips, barking cliches into a toilet paper roll. $165K of potential technical wealth for Dallas voters in a centralized clearinghouse!
What's next? Batman in the bond market?
Tune in next week! Mises & Rothbard were gay!!!
Crid at November 3, 2019 4:13 PM
> blowback against trans-activists
> will be epic once it reaches
> the tipping point
Is there any reason to think this is true, except that it would be a lot of fun? Who said anything about a "tipping point"? What tips, and by what metric? What unseen forces you imagined to be at work, and why are they unseen?
That's the kind of rhetoric that has let people down enormously in the past few yours.
Crid at November 3, 2019 5:11 PM
Crid, you do know your local community college should offer classes on basic economics. Educating yourself is a good option no matter how old you are. Or you can continue to rail against the existence of the accounting profession and cost of living calculators. Old man yells at cloud is a meme for a reason.
Ben at November 3, 2019 7:34 PM
New week underway! What will you say next?
Crid at November 4, 2019 12:54 AM
IRA, there's a gun in almost every house here.
For productivity, most people work a bit, and then take a break on FB or smoking or a coffee or water cooler or whatever. It's not like they work 6 hours and then goof off for two. The two are spread out throughout the day.
NicoleK at November 4, 2019 6:28 AM
"The Dutch, for one, want to shorten the workweek to four days to raise productivity. "
AKA work rationing. They've been doing the same thing in France for several years now.
Cousin Dave at November 4, 2019 7:52 AM
Crap.
Productivity connected to hours? Is this one of those fools who doesn't understand they cannot change the definition of one hour of work?
The job determines how much time you must spend there. No refinery, power plant, factory or radioactive waste processing plant is going to magically be more productive by shortening worker hours.
Abut the healthcare issue: more lies. Lies that depend on calling this "insurance", to imply that a magical "someone else" will be paying you, not doctors, to bring about rosy-cheeked health!
No. Unless YOU pay, you will NOT get to say what treatment you receive. Use a credit model, and quit lying!
Radwaste at November 4, 2019 9:09 AM
Radwaste,
There is nothing so unusual about a possible connection between work schedule and work hours.
As an extreme example, you don't believe we would see a difference in work output between the following to scenarios?
1 - Typical 40hr 5 day work week
2 - Start at 9am on Monday and work 40 hours straight through with no meals or sleep
If all you are concerned with in your analysis is the total hours worked then the output between scenarios 1 and 2 should be the same.
Unfortunately human beings are not robots with a 40+ hour maintenance schedule.
You're failure to account for the fact that it is human beings doing that "one hour of work" and that human beings operate optimally when they are well-fed, well-rested, and free from mental distraction is just one of the reasons why your favorite model that you keep quoting over and over is too simplistic of be of any real value.
Productivity is a function of more than just one variable.
Artemis at November 5, 2019 3:36 AM
Two quick corrections:
"between work schedule and productivity"
"your failure"
Artemis at November 5, 2019 3:38 AM
Another waste of bandwidth, Artie. Conan has already covered this point. Glad you want to pay me more for exactly the same job!
Radwaste at November 6, 2019 5:53 AM
Radwaste,
Being skeptical of the current state of the claims and outright declaring that there is no relationship between the two at all are completely different things.
Conan remains skeptical of the relationship, which is a valid stance at this stage.
You on the other hand are disregarding the relationship entirely based on your own home grown nonsense economic theory.
Productivity remains a function of more than just one variable despite your insistence that it depends on time and time alone.
Artemis at November 6, 2019 5:58 AM
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