Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: rktman

Back when I was teaching econ, the poverty level was $9600 for a family of four. I used to tell the mostly-Freshman students that I could eliminate poverty overnight. Their eyes would go as big as pie plates, and they’d ask how. I told them: “Get all of the people who make $9600 or less, line them up, and shoot them.” When the outrage had subsided, I would ask them: “Now, how long do you think it takes before the guy making $9601 starts bitching because he’s the poorest person in the country?” From that point we would discuss attempts at a perfectly even distribution of income (pure Communism) and why those income equality experiments (Owenism, New Harmony, etc.) never work and the effect of economic incentive on production. They would eventually see that you can never eliminate poverty in a free society. Despite this fact, some people, like Obozo, want a perfectly even distribution of income but clearly have not thought it through.


6 posted on 04/02/2014 8:52:14 AM PDT by econjack (I'm not bossy...I just know what you should be doing.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: econjack
Despite this fact, some people, like Obozo, want a perfectly even distribution of income but clearly have not thought it through.

I think the evidence shows this group has thought it through and cares nothing for what your freshman class was able to quickly understand. Redistribution is their only focus and the only thing left to work out are the means and methods.

13 posted on 04/02/2014 9:22:56 AM PDT by T-Bird45 (It feels like the seventies, and it shouldn't.)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson