Those who talk glibly about redistribution often act as if people are just inert objects that can be placed here and there, like pieces on a chess board, to carry out some grand design. But if human beings have their own responses to government policies,...
Logically (and basic economics and history bear this out), it is objectively impossible for government spending of any kind to "help" the economy. Governments are not magic. They cannot create wealth. Any resources they spend must first come from the vastly more efficient private sector (either thorugh borrowing, taxation or inflation). Those resources are then funnelled through the bureaucracy which wastes an estimated 30% to 60%. It is then allocated (badly) in the absence of market signals. Even if the minimum was wasted and the allocation were perfect, the government provides 70 cents of "help" for every dollar it syphoned out of the economy that otherwise would have been available to "help". QED
The recently discovered tape on which Barack Obama said back in 1998 that he believes in redistribution is not really news. He said the same thing to Joe the Plumber four years ago. But the surfacing of this tape may serve a useful purpose if it gets people to thinking about what the consequences of redistribution are.
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