Friday, January 20, 2012

Soaking the Poor

"I have to believe that when things are bad, I can change them."
--James Braddock (Cinderella Man)

Frank Chodorov explains how incomes taxes work to soak the poor. Using social security as an example, he demonstrates that those who partake in social welfare programs lose thru increased dependence and thru the inevitable inflation that the State must use to pay entitlements.

Do you know what an interesting comparison would be? Examine the progress made in reducing poverty from the country's founding until 1913. Then look at the progress in reducing poverty since then.

Which period was more effective in reducing poverty?


dgeorge12358 said...

When people say 'let's do something about it,' they mean 'let's get hold of the political machinery so that we can do something to somebody else.' And that somebody is invariably you.
~Frank Chodorov

fordmw said...

Sumner's Forgotten Man...