Wednesday, September 07, 2011

Creating Wealth vs. Redistributing Wealth

The perils of philanthropy
Wealth is ultimately the only thing that can reduce poverty. The most dramatic reductions in poverty, in countries around the world, have come from increasing the amount of wealth, rather than from a redistribution of existing wealth.

What kind of world do we want – one in which everyone works to increase wealth to whatever extent they can, or a world in which everyone will be supported by either government handouts or private philanthropy, whether they work or don't work?

It is not an abstract question. We can already see the consequences on both sides of the Atlantic. Those who have grown used to having others provide their food, shelter and other basics as "rights" are by no means grateful.

On the contrary, they are more angry, lawless and violent than in years past, whether they are lower-class whites rioting in Britain or black "flash mobs" in America. Their histories are very different, but what they have in common is being supplied with a steady drumbeat of resentments against those who are better off.

Politicians, intellectuals and whole armies of caretaker bureaucrats are among those who benefit, in one way or another, from picturing parasites as victims and their lagging behind the rest of society as reasons for anger rather than achievement.

Leading people into the blind alley of dependency and grievances may be counterproductive for them, but it can produce votes, money, power, fame and a sense of exaltation to others who portray themselves as friends of the downtrodden.
For all their so-called genius, liberals just don't understand the creation of wealth. They don't understand the spiritual aspect of money.


"Relationships build money, money doesn't build relationships."

--Rabbi Daniel Lapin
Redistributing the wealth will NEVER solve the problems they intend to solve, it will only make things worse.

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