If it hinders the creation of wealth producing jobs in the private sector, it is bad. If it incentivizes the poor to work harder and more hours, it is good.
If it incentivizes the poor not to work, it is bad. If it protects the middle class from unfair foreign completion, it is good.
If it destroys the middle class through the use of unfair foreign competition (including H-1B visas), it is bad. If it rewards the rich for investing in enterprises that produce wealth in this country or that brings wealth back into this country, it is good.
If it rewards the rich for investing in financial abstractions (hedge funds shorting derivatives in virtual entities such as SIVs) or enterprises that produce wealth in other countries and leaves it there, it is bad. The purpose of this blog is to help people better understand the money equation so that they can live a better life. Money In = Money Stored + Money Out Writing about the right hand side of the equation is pretty easy. Most of it is purely mechanical. Balancing the money equation using a zero sum budget requires nothing beyond grade school math. Helping others jack up the numbers on the left hand side of the equation is much harder. Even when I can clearly see opportunities that exist for some people, convincing them that it is possible to obtain a better life can be terribly difficult. The cost of the game I successfully played twice, going back to school and getting another marketable degree, has increased at 5 times the rate of inflation. Over a trillion dollars in student debt is crushing the Millennial Generation. Even the entry level industrial jobs like the one I found during the recession of 1973, putting rolls of cloth in burlap bags, have gone away to other countries. Jeremiah 8:20 The harvest is past, the summer has ended, and we are not saved. I offered this prayer for those who seek employment back in 2009. It is needed more than ever.