Slumdogs vs. Millionaires - Moral Hazard

  • Aired:  01/09/14
  •  | Views: 110,810

The conservative media lauds the end of unemployment insurance fraud, which is totally different from Wall Street fraud. (4:59)

[ LAUGHTER ]BECAUSE THE REAL OUTRAGE

ISN'T THE BONUSES OR TAXCUTS THAT GO TO THE

HIGHEST EARNERS, THEREAL OUTRAGE IS THE

SHOWCASE SHOWDOWN LAVISHVALUE OF THE GOLDEN

PARACHUTE WELFAREPACKAGES THIS COUNTRY

NOW DISPENSES.

>> FOOD STAMPS, SNAPCARDS, DISABILITY,

UNEMPLOYMENT CHECKS,PUBLIC HOUSING.

THE KATO INSTITUTE DID ASTUDY THAT SAY THE FULL

PLATE OF WELFAREBENEFITS NOW PAYS MORE

THAN $12 AN HOUR IN MOSTOF THE STATES.

IN OTHER WORDS SITTING ONTHE COUCH EATING

BON-BONS IS MOREFINANCIALLY LUCRATIVE.

>> Jon: YOU ARE RIGHT.

THAT IS A PERFECTENCAPSULATION OF THE

LIFESTYLE OF THE POORAND LONG TERM UNEMPLOYED.

BON-BON WISHESAND

COUCH-SITTING DREAMS.

MAYBE THERE'S A POINT INTHERE WHAT IS YOUR

INCENTIVE TO WORK 40HOURS A WEEK AT A (bleep)

JOB WHEN YOU MAKE THE SAME(bleep) SALARY NOT

WORKING.

I GUESS RAISING THEMINIMUM WAGE SO THERE BE

A DISCREPANCY.

>> IT WOULD BE THE WORSTTHING TO DO FOR THE JOBS

MARKET.

>> THEY ARE NOT BASED ONWHIM OR FEELING AND THEY

ARE NOT -->> SOMEONE FRESH OUT OF

HIGH SCHOOL THAT DIDN'TGET A DIPLOMA. THEY

DON'T REALLY HAVEANY

BASIC SKILLS DO YOUTHINK THEY DESERVE $15

AN HOUR.

>> WHY STOP AT $15 ANHOUR?

WHY NOT RAISE THEMINIMUM WAGE $100,000.

>> Jon: WHY NOT!

WHY NOTPAY PEOPLE IN

COCAINE AND UNICORNS.

WE CAN'T MAKE EMPLOYMENTMORE ATTRACTIVE.

WE CAN ONLY MAKEUNEMPLOYMENT LESS

ATTRACTIVE.

ANYTHING ELSE IS A MORALHAZARD.

>> YOU ALLOW PEOPLE TOBE ON UNEMPLOYMENT

INSURANCE FOR 99 WEEKSYOU ARE CAUSING THEM TO

BECOME PART OF THISPERPETUAL UNEMPLOYED

GROUP.

>> JOBS GET PEOPLE OUTOF POVERTY. A LOT OF

PEOPLE ARE LAZY ANDPEOPLE ARE BECOMING

LAZIER.

>> YOU HAVE BEENON

UNEMPLOYMENT.

>> DO YOUTHINK I WANTED

TO DO ALL OF THOSE MOVIES?

YOU SOMETIMES HAVE TO GOTO WORK.

MAYBE IT'S NOT THE JOBYOU WANT BUT YOU TAKE

THE JOB.

>> Jon: ACTOR DEANCANE IS RIGHT.

I DON'T CARE IF THE AUTOPLANT SHUT DOWN.

GET OFF THE COUCH, STOPEATING BON-BONS AND

STAR IN THE DOG WHO ATECHRISTMAS.

[CHEERS AND APPLAUSE]LET'S ME HONEST.

SURE WE FEEL BAD FOR THEDESERVING UNEMPLOYED BUT

ARE WE REALLY SURE THATALL THOSE PEOPLE

COLLECTING THEIR FAT$256 A WEEK REALLY NEED

IT.

>> WELFARE FRAUD OUTOF CONTROL.

>> RAMPANT IN MANYPROGRAMS ACROSS THE

COUNTRY.

>> I HAVE SPOKEN TOPEOPLE WHO SAY YOU KNOW

I'M BETTER OFF GETTINGUNEMPLOYMENT.

>> A SURFER DUDE INCALIFORNIA SAID WHY WORK

WHEN THE GOVERNMENT PAYSME NOT TO WORK.

>> FRAUD MISMANAGEMENTAND ABUSE.

>> MILKING THE SYSTEM.

>> I BET IT'S A BIGMAJORITY OF THE PEOPLE

SITTING BACK AND NOTPULLING THEIR WEIGHT.

>> Jon: WHO AM I TOBET AGAINST SUCH A

SUCCESSFUL CASINO OWNERBUT I WILL WAGER IT'S

LESS THAN A BIGMAJORITY.

STILL THE POSITION ISCLEAR THAT BECAUSE A FEW

PEOPLE ON UNEMPLOYMENTMIGHT BE COMMITTING

FRAUD EVERYBODY'SBENEFITS SHOULD END.

NOBODY SHOULD BEEXTENDING.

HOW DID THEY APPLY THESAME REASONING WHEN

PEOPLE WERE ON WALLSTREET CAUGHT COMMITTING

FRAUD.

>> WALL STREET HAS APERCEPTION PROBLEM.

DON'T THROW THE BABY OUTWITH THE BATH WATER.

>> THE FACT THAT YOU MAYHAVE BAD APPLES. THERE'S

BAD APPLES IN ANYSITUATION.

>> YOU'RE RIGHT.

>> THE MARKET WILL HAVEA FEW BAD ACTORS AND YOU

FIND THEM AND SHOOT THEMBUT DON'T KILL THE

MARKET.

>> ALL RIGHT.

>> Jon: AND BY ACTOR IMEAN CEOS AND BY SHOOT

THEM I MEAN PAY THEMMILLIONS TO LEAVE.

WHEN IT COMES TO WALLSTREET YOU CAN'T JUDGE

EVERYONE BY A FEW BADAPPLES.

BUT WHEN IT COMES TO THEUNEMPLOYED IF YOU FIND

A FEW BAD APPLES YOU NAPALMTHAT (bleep) ORCHARD. IF IT'S A

POLICY THAT BENEFITS THE RICH,THEN IT DOESN'T HAVE TO BE PAID

FOR, SHOULD LAST FOREVER, AND ISGOOD FOR AMERICA.

IF IT BENEFITS THE POOR,WE CAN'T AFFORD IT,

SHOULD END IT AS SOON ASPOSSIBLE AND IT WILL

DESTROY OUR NATION FROMWITHIN.

BECAUSE WHEN YOU GIVEMONEY TO PEOPLE WHO

DON'T HAVE IT, ITCORRUPTS THEM.

BUT PEOPLE WHO AREALREADY RICH HAVE A

MONEY IMMUNITY BUILT UPALREADY.

[ LAUGHTER ]HANDOUTS DON'T HURT

THEM.

MONEY IS THE ROOT ALL OFEVIL FOR ANYONE WHO

DOESN'T HAVE ANY JUSTLIKE SMALL POX IS TO THE

NATIVE AMERICANS.

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