Thursday, February 5, 2009

Pro wrestler Kane questions Robert Reich's policy beliefs

Glenn Jacobs, who wrestles in WWE under the ring name "Kane" and starred in 2006's See No Evil, has sent an open letter to Professor Robert Reich questioning the points he brought up on CNN's "State of the Union" program that aired Super Bowl Sunday.

Here is an excerpt, from LewRockwell.com, to give you an idea of how prepared Jacobs is on the topic:
Historically, government welfare programs have been wasteful, inefficient, and corrupt. Private charities do a much better job of administering aid to those in need with the final goal of helping the unemployed get back to work. Government programs, on the other hand, lead to longer periods of unemployment by encouraging welfare recipients to remain on the dole as long as possible.

I am also curious as to how you propose to fund these programs. There are only three ways that the government can raise revenue: taxation, borrowing, and printing (both the latter are actually forms of deferred taxation). All of these methods have dire implications for the economy. Direct taxation retards economic growth by punishing producers. Borrowing crowds out investment in the private sector. Printing money causes distortions in the market, misallocation of resources, and eventually destroys the purchasing power of the monetary unit.
I won't say that I'm shocked that a professional wrestler would have this much of a grasp on politics and the economy, but it is a bit surprising. Then again, Jesse "The Body" Ventura was governor of Minnesota.

But the surprises don't stop there. This isn't just a one-time thing. "Kane" also maintains a blog, called "The Adventures of Citizen X," where he follows political developments and shares his Libertarian views.

(Image courtesy HessForGovernor.com)

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