Tuesday, September 25, 2012

Concentrated benefits with diffused cost.

Concentrated benefits and diffused cost:  This is why we have so little control over government.  The people, hundreds or thousands, that receives the benefits are relativity few, and their benefits are high. The cost then, are diffused among millions and  therefore seemingly low.  The high benefits greatly motivates the receivers to keep these benefits and the very cost are diffused to many payers, therefore, the people paying the seemingly low cost, are little motivated to fight these costs.

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