Thursday, April 26, 2012
A fifteen trillion dollar war we are losing
No, not Iraq or Afghanistan. I am talking about the "War On Poverty" that has sucked trillions of dollars in transfer payments and done very little to help poor people. This short, five minute audio clip lays out some pretty sobering numbers. The solution to poverty, if there is one, is not in transfer payments from producers to non-producers. That sounds harsh but it is true. The best thing we can do for the poor is to create an environment where they have the opportunity to stop being poor. There is nowhere that the contrast between the Left and the Right is more evident. The Left wants to make poverty more comfortable to stay in, the Right wants to create an environment where people can escape poverty.