Economics Finnish Culture Finnish History Finnish Politics Socialism US politics

STUDY SHOWS HALF A TRILLION DOLLARS SPENT ON POVERTY BUT NOTHING TO SHOW FOR……..

 

Socialist utopian policies never work.

The vast amounts of money pumped at the problem of poverty, could have been better spent in the pockets of the electorate, in the re-investing of their earnings into the economy and financial institutions, instead of big government redistribution schemes that end up doing more harm than any good.

It’s a big reason why (bloated big government and it’s welfare schemes) Finland’s unemployment rate for an example, has become endemic, and created a perpetual welfare class of people, for almost a quarter of century.

The unemployment rate in Finland was last reported at 9.5 percent in May of 2012. Historically, from 1988 until 2012, Finland Unemployment Rate averaged 9.4 Percent reaching an all time high of 17.6 Percent in December of 1993 and a record low of 2.9 Percent in November of 1989. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Finland Unemployment Rate.

And remember folks, the government knows how to pad the books, how to clarify those no longer working for work, and remaining on welfare, so the numbers should be viewed as being a tad greater than reported.

The point here is, no matter how much of the tax payers’ money the state throws at ‘poverty’, it will never go away, rather, its exacerbated by their redistribution policies, taking wealth creation money out of the people’s hands and into the trough of the public sector where it’s squandered.

Here in Finland no one talks about the actual disaster of the 9.2% unemloyment statistic, it’s not a factor in the elections at all, which tells you that it has become a mutually accepted outcome of wealth distribution. It’s immoral and it’s a direct result of big government statist socialism.

NOTE: I was just in Lahti Finland this past Tuesday, a major city just north of Helsinki about a 45 minute drive away, where the hand out line was a deep as in the picture below.

Study: More Than Half a Trillion Dollars Spent on Welfare But Poverty Levels Unaffected

“The vast majority of current programs are focused on making poverty more comfortable … rather than giving people the tools that will help them escape poverty.”

(CNSNews.com) – The federal government is not making much headway reducing poverty despite spending hundreds of billions of dollars, according to a study by the libertarian Cato Institute.

Despite an unprecedented increase in federal anti-poverty spending, the national poverty rate has not declined, the study finds.

“[S]ince President Obama took office [in January 2009], federal welfare spending has increased by 41 percent, more than $193 billion per year,” the study says.

Federal welfare spending in fiscal year 2011 totaled $668 billion, spread out over 126 programs, while the poverty rate that remains high at 15.1 percent, roughly where it was in 1965, when President Johnson declared a federal War on Poverty.

In 1966, the first year after Johnson declared war on poverty, the national poverty rate was 14.7 percent, according to Census Bureau figures. Over time, the poverty rate has fluctuated in a narrow range between 11 and 15 percent, only falling into the 11 percent range for a few years in the late 1970’s.

More here.

5 Responses

  1. Oh there are plenty of results. Lots of friends of government have got rich on the proceeds. Its not all that has gone to waste.

  2. Due primarily to the brilliance of the chairman of The Bank of Finland, unemployment in Finland during the Great Depression was held to single digits for most of that time. I don’t recall his name, but he’s now regarded as one of the creators of the modern banking system. Too bad we don’t have people like him around today.

    1. And at the time Mathias, Finland hadn’t implemented the giant leviathan of the super welfare state, which is the single most contributor to the endemic unemployment problem in quasi capitalist run welfare states.

      1. So true. This socialist nonsense just seems to get worse and worse. In both Europe and the US. Eventually the whole pyramid scheme of robbing our children to pay our own bills will collapse, and there’s a good chance the aftermath will make the Great Depression look like a cakewalk.

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