That is absolute nonsense.
How do you explain the economic and social success of Denmark, Iceland, Finland, Sweden, Norway, etc?
They all have very high taxes and engage in massive income redistribution!
<<Koan,
mel is right. You aren't seeing the forest for the trees. QE, ZIRP, and all the other Fed shenanigans has diverted vast wealth from the 99% to the 1%. It is massive reverse robin hood. Keynesianism has been proven to be a false god.
I am for a safety net, as long as that safety net remains a small portion of the overall use of capital in this country. In economics, it has been proven that reallocation of productive capital to larger safety nets reduces long term growth. It's simple, really. If you have $10M to spend each year, what do you do with it? |
