There Is Not Enough Inequality
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There is not too much inequality, but too little. Every dollar taken by the government from productive geniuses is a deadweight loss. Leave that dollar in the hands that produced it and you have the funding for tomorrow’s mind-blowing scientific and technological advances, investment opportunities, and jobs; or for philanthropy that solves, rather than perpetuates and exacerbates (as governments so often do), the problems that beset our world; or for consumption that supports businesses and creates jobs. When the command and controllers take that dollar, it’s flushed down a thoroughly discredited drain.
In a myriad of ways the government stifles the poor and makes it more difficult for them to rise (see “Shrinking Pie Economics,” November 18, 2013, “Giving Back,” May 8, 2013, and “How Government Creates Unemployment,” February 26, 2013). The wealthy and politically connected often champion policies that feather their own nest, stifle competition, and keep the poor in their “place.” The best thing the government can do for the poor is get out of their way and let the system that has created bounteous wealth work its wonders. The ceaseless competition of free market capitalism guarantees economic mobility and a healthy churn in the 1 percent.
There is not too much inequality, but too little. Every dollar taken by the government from productive geniuses is a deadweight loss. Leave that dollar in the hands that produced it and you have the funding for tomorrow’s mind-blowing scientific and technological advances, investment opportunities, and jobs; or for philanthropy that solves, rather than perpetuates and exacerbates (as governments so often do), the problems that beset our world; or for consumption that supports businesses and creates jobs. When the command and controllers take that dollar, it’s flushed down a thoroughly discredited drain.
In a myriad of ways the government stifles the poor and makes it more difficult for them to rise (see “Shrinking Pie Economics,” November 18, 2013, “Giving Back,” May 8, 2013, and “How Government Creates Unemployment,” February 26, 2013). The wealthy and politically connected often champion policies that feather their own nest, stifle competition, and keep the poor in their “place.” The best thing the government can do for the poor is get out of their way and let the system that has created bounteous wealth work its wonders. The ceaseless competition of free market capitalism guarantees economic mobility and a healthy churn in the 1 percent.
Ike inherited the Korean war, and brought it to a cease-fire rather quickly. If anything, I'd lay Viet Nam at his feet as he watched France continue their involvement while the rest of the world stood aside. Then, when France started to lose backing at home, we took their place. That officially happened under Kennedy, but it was begun under Ike.