In response to:

It’s Economic Growth, Not Redistribution, that Lifts Everyone, Including the Poor

jmg11 Wrote: Nov 16, 2012 9:13 PM
(3/3) In the past, one could prosper by plunder; today, the opportunities for plunder are available exclusively to governments, crony capitalists, and a few (fewer as time goes on) revolutionary movements. But plunder is only temporary, it cannot bring long term prosperity. The good society allows people to pursue opportunities to prosper. Under that happy condition, human beings will do the best that is possible. Robert1824, I know this is beyond you. You are a liberal. I pity you. Prosperity always "trickles down". It always has and always will. Until idiot lefties kill it and it, um, uh, … just fades away.

Stephen Moore and Julian L. Simon note in their underappreciated work, It’s Getting Better All the Time: 100 Greatest Trends of the Last 100 Years, that in the last century,1900 to 2000, real per capita GDP in America grew by nearly 7 times, meaning the American standard of living grew by that much as well. The authors explain,

“It is hard for us to imagine, for example, that in 1900 less than one in five homes had running water, flush toilets, a vacuum cleaner, or gas or electric heat. As of 1950 fewer than 20 percent of homes had air conditioning,...