In response to:

Who Really Cares About the Poor?

canetoad Wrote: Oct 13, 2012 11:16 PM
After living in the United States for twenty five years I moved to Australia where I don't have to pay $800 a month for health insurance. For the the small business I owned in Massachusetts, by far, health insurance costs for my employees was the expense that saw the most dramatic rise in year to year expenses. I have recently received cancer treatment here in Australia and I can assure you the care was excellent so don't lecture me on sub-standard care in countries with socialized health care. In the US the top 1% own 35.4% of all the wealth, the next 19% own 53.5% which means the top 20% own a remarkable 89% of all wealth leaving the bottom 80% with only 11%. I agree those Bush tax cuts need to go.

Capitalism favors the rich. Socialism helps the poor. These are core beliefs of almost everybody on the left, including our president. Ah, but it turns out that this worldview is completely wrong.

Economists associated with the Fraser Institute and the Cato Institute have actually found a way to measure "economic freedom" and investigate what difference it makes in 141 countries around the world. This work has been in progress for several decades now and the evidence is stark. Economies that rely on private property, free markets and free trade, and avoid high taxes, regulation and inflation, grow more rapidly than...