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Saturday, September 22, 2012
Saturday, September 15, 2012
Police: Wife Stages Shooting To Avoid Deployment « CBS Houston
Police: Wife Stages Shooting To Avoid Deployment « CBS Houston
EXCERPTS:
BOSSIER CITY, La. (AP) — Bossier City police say a woman trying to avoid an Air Force deployment had her husband shoot her before lying to investigators that an intruder was to blame.
Police say 25-year-old Judy Groomes was treated for wounds on both of her legs from one round from a handgun fired by her husband, 26-year-old Christopher Tyquan Groomes. Both are active military based at nearby Barksdale Air Force Base.
Groomes allegedly claimed an intruder shot her early Friday while her husband and two children slept. But police say she convinced her husband to shoot her to avoid military service.
QUESTION:
What is the opportunity cost of being healthy? For this woman it was being with her family, which she apparently considered to be a very high opportunity cost. This high opportunity cost changed her incentive to be healthy and consequently her behavior. That doesn't mean shooting yourself to avoid your commitments is morally acceptable, but it does make such behavior more understandable.
EXCERPTS:
BOSSIER CITY, La. (AP) — Bossier City police say a woman trying to avoid an Air Force deployment had her husband shoot her before lying to investigators that an intruder was to blame.
Police say 25-year-old Judy Groomes was treated for wounds on both of her legs from one round from a handgun fired by her husband, 26-year-old Christopher Tyquan Groomes. Both are active military based at nearby Barksdale Air Force Base.
QUESTION:
What is the opportunity cost of being healthy? For this woman it was being with her family, which she apparently considered to be a very high opportunity cost. This high opportunity cost changed her incentive to be healthy and consequently her behavior. That doesn't mean shooting yourself to avoid your commitments is morally acceptable, but it does make such behavior more understandable.
Monday, September 3, 2012
"Being poor is what is risky...."
Hysterical MSNBC Host's On Air Meltdown
COMMENT: This video makes a valid point: those who are poor face more risk to their personal safety than do those who are wealthy. So why do we hear so much about business owners bearing risk?
Because the risk business owners bear is risk they bear only if they choose to make investments (start new businesses, build new factories, etc.). They will choose to bear that risk only if they are compensated for doing so.
If government tax policy punishes businesses that are successful this reduces the incentive business have to take risks. And if they choose to not take risks, new businesses aren't started, new factories aren't built, new jobs aren't created, the economy doesn't grow, and the opportunity for those who are poor today to become better off in the future, diminishes.
COMMENT: This video makes a valid point: those who are poor face more risk to their personal safety than do those who are wealthy. So why do we hear so much about business owners bearing risk?
Because the risk business owners bear is risk they bear only if they choose to make investments (start new businesses, build new factories, etc.). They will choose to bear that risk only if they are compensated for doing so.
If government tax policy punishes businesses that are successful this reduces the incentive business have to take risks. And if they choose to not take risks, new businesses aren't started, new factories aren't built, new jobs aren't created, the economy doesn't grow, and the opportunity for those who are poor today to become better off in the future, diminishes.
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