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MSNBC The Last Word With Lawrence ODonnell December 1, 2019 03:56:00

Don t have any salary caps at all? no, of course not. because winning is everything. and it s the same thing. they want to be richer. what matters is the rank. and this incentive issue is what you re finding throughout your research, that incentives in classical economic theory in the real world don t work the way we might think they do. for example, the argument about welfare disincentivizing people, they won t try to work if you give them welfare. what did you find about that? similarly they don t stop working if there are no incentives for them to work. it s been demonstrated in country after country. poor country, rich country, middle income countries. the poor are not discouraged from working. in fact, we ve known that since the late 60s and 70s in the u.s. where there were the so-called negative income tax ....

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MSNBC The Last Word With Lawrence ODonnell November 30, 2019 03:56:00

Don t have any salary caps at all. no, of course not. because winning is everything. and it s the same thing among ceos. what matters is the rank. and this incentive issue is what you re finding throughout your research. that incentives in in classical economic theory don t work the way we might think they do. for example, the argument about welfare, disincentivizing people. they won t try to work if you give them welfare. what did you find about that? similarly, the poor also don t stop working if there are no incentives for them to work. that s also an illusion. for example, when welfare become more generous, people don t stop working. it s been demonstrates in countries after countries. poor countries, middle-income countries. the poor are not discouraged from working. in fact, we ve known that since the late 60s and 70s in the u.s. where there were the ....

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MSNBC The Last Word With Lawrence ODonnell November 12, 2019 03:15:00

That news report. teams in the united states versus europe, where there are no salary caps. and that may have been just been and you don t see any effort that he was surprised. how does it affect you when you difference in the salary capped hear testimony like this? players versus the players who this is astounding if you think about it. don t have any salary caps at the president is protecting all? of course not because winning russia, it appears to be the is everything. case, at the expense of an ally, and it s the same thing among ceos. all they want is to be richer ukraine. and he s prepared to hold back than their friend ceos. the money doesn t really matter $400 million of security what does is the rank. assistance that that country this incentive issue is what needs to defend itself against you re finding, that incentives russian aggression because he s in the real world don t work the more interested in defending way we might think they do? russia than defending an ally f ....

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