Kelly Hammel @krhammel - Twitter Profile

krhammel retweeted

5 days ago

If you're planning to vote Democrat, and you're doing it sincerely, because you genuinely want a fairer country, cheaper homes, better schools, and a future for your kids, this post is for you. I'm not here to insult you. I'm here to show you something nobody inside the system will ever tell you. Give me two minutes. Why do people keep defending a system they know doesn't work? You've seen it a hundred times. A program fails, its budget doubles, the problem gets worse, and the people in charge ask for more. Nobody inside seems surprised. That's because, for them, the system isn't failing. It's working exactly as designed. Just not for you. To understand it, forget ideology. Follow the incentives. A politician's horizon is the next election. Two years, four years, six at most. His reward comes from promising: free tuition, cancelled debt, guaranteed housing, a green transition paid for by someone else. The bill arrives in ten, twenty, thirty years. By then he's retired, writing his memoir, giving paid speeches. He collects the applause today. You pay the invoice tomorrow. Any system where the person who makes the promise never pays for breaking it will produce endless broken promises. That isn't a moral failure. It's a mathematical certainty. A bureaucrat is rewarded for the size of his budget and his team, not for solving the problem. If he solves it, his department shrinks. If it gets worse, he asks for more money, and he usually gets it. Failure is literally funded. Then add the mega-donors. Foundations like those of Bill Gates or George Soros spend billions shaping policy: global health priorities, criminal justice, education, elections. You don't need to imagine a secret meeting. That's the point. No conspiracy is required, only incentives. The foundations fund the causes, the politicians adopt them, the agencies execute them. And when it goes wrong, who pays? Not the foundation. Not the politician. The neighborhood where the policy was tested. The billionaire never lives inside his own experiment. The Austrian economists understood this a century ago. Mises showed that a state can't allocate capital properly because it has no prices, no profit and loss, no signal telling it when it's wrong. Hayek showed that no planner can ever know what millions of people know. When an entrepreneur misallocates capital, he goes bankrupt. When a state does, it raises taxes, prints money, or borrows from your children. Error is never punished, so it never stops. And that's where the cycle locks in. When capital is allocated by politics instead of markets, the most profitable skill is no longer building. It's lobbying. Getting close to the money. Writing the rule that crushes your competitor. Corruption stops being a bug and becomes the business model. Every round creates more people who depend on it and will defend it. That's why the system protects itself even when everyone knows it's broken. Too many livelihoods depend on the lie. Meanwhile, Europe's fashionable economists offer the opposite diagnosis. Thomas Piketty and Gabriel Zucman tell us the problem is that the state doesn't take enough: more wealth taxes, more redistribution, more state. France has been running that experiment for fifty years. The result is one of the highest tax burdens in the developed world, record debt, and capital and talent leaving the country every year. History shows how this movie ends. Debt piles up until it can no longer be repaid. Currencies get debased. Then comes the reset, and it is rarely peaceful. Rome debased its coins for generations before it collapsed. Weimar's hyperinflation came just before the darkest chapter of the 20th century. Empires that can't stop spending don't reform gently. They break. We are approaching the end of that cycle. America now spends more on interest on its debt than on its military. Read that sentence twice. The good news is that the ending isn't written yet. You can still choose builders over promisers. You can still demand that the people who make decisions live with their consequences. You can still ask for less state, not more. Wake up. The people selling you the dream will never be the ones paying for it.

79

3K

979

718

126K

Kelly Hammel

@krhammel

Who to follow

Last Seen Users on Sotwe

Trends for you

Most Popular Users