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The Dead Kennedys’ Path To Prosperity

By Matthew Yglesias

"The Dead Kennedys’ Path To Prosperity"

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As outlined in their classic song on the subject, if you simply physically eliminate poor people then per capita GDP goes up and expenditures decline in a way that’s consistent with constant public service levels for (surviving) members of the public:

But what they failed to note is that the growth impact is especially large if you focus the attention on the specific sub-set of poor people who are retired or severely disabled, since such individuals contribute little-or-nothing to the nation’s measured economic output.

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