It’s no news that Nancy Pelosi is dumb as a box of rocks. But her notion that unemployment insurance payments are a great way to create jobs is so incandescently ignorant, it’s stunning that a person so stupid could ever become a leader of any kind.
By her logic, we could achieve full employment by laying everybody off.
Taxation does not create wealth. Taxation only uses wealth.
If you’re unemployed, you’re not adding value to the economy by your labor; you’re just using resources (unemployment benefits) of others who are adding value.
Jobs are created by reducing the cost of production, which enables employers to hire people. To create jobs, government must lower taxes, and lower the other structural barriers to employment, like reducing the minimum wage and reducing disincentives to fire people.
If you don’t understand why, read up on Frédéric Bastiat.
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[...] actually believes that. Too bad she can’t read The Classless Society, By her logic, we could achieve full employment by laying everybody [...]