Political parties claim inconsistent patience

If the stated preferences of politicians are taken at face value, then they have inconsistent patience across different policy areas. Left-wingers want to invest in education, infrastructure and prevention of climate change. These investments have a present cost and a long-delayed benefit, which suggests patient preferences (high discount factor, low discount rate). On the other hand, the left wants to increase borrowing, redistributive transfers and government spending in general, which have a current benefit (including electoral, but focus on societal for now) and a future cost. Preferring a current benefit and a future cost implies impatience.

For right-wing parties, these preferences are switched (impatient on education, climate, but patient on redistribution), so their inconsistency is the mirror image of the one described above. In summary, both sides of the political divide claim policy preferences that simultaneously imply patience and impatience, which suggests motives other than societal benefit. One way to reason about these other motives is described in https://sanderheinsalu.com/ajaveeb/?p=1015

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