Sunday, October 19, 2008

Welfare, Not Well Fair At All.

Polly Toynbee writes:

A Financial Times poked from his briefcase to announce he did not belong in this London jobcentre. But there he was, a former Lehmans banker, signing on two weeks after his employer went bust. He had been earning £75,000 - but was left with virtually no savings. If ever there was a symbol of how everyone, high and low, feckless and thrifty, needs to feel the protection of a government that is always there in time of trouble, here it was.

Er no. If someone who had been earning £75000 a year has no savings then it a symbol of the irresponsibility the welfare state encourages even in the affluent. Personally I think anyone earning that much really ought to insure themselves against losing their job.

The rest of the article consists of advice on how the government can spend even more money that it doesn't have.

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