I chuckle at all this 'new' talk about the redistribution of wealth.
Since the 1933 New Deal and Lyndon Johnson's Great Society, how many trillions of dollars have been redistributed? How much has the War on Poverty cost? How much has been spent on Welfare?
Trillion have been spent on programs that have produced zero results. Yet we continue to hear the same drumbeat that we don't do enough. That we are a selfish nation. That there is no opportunity in America. That more money has to be redistributed in the name of fairness.
The War on Povery is now 44 years old and is estimated to have cost $18 trillion with no noticeable impact on the poverty rate. Why don't we just declare defeat or victory and bring the War on Poverty troops home?
Monday, October 27, 2008
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