The Robin Hood Myth: Dr. Milton Friedman explains why most government programs designed to help the poor ultimately benefit the middle-classes at the expense of the very people they were intended ...
The Robin Hood Myth: Dr. Milton Friedman explains why most government programs designed to help the poor ultimately benefit the middle-classes at the expense of the very people they were intended to help. This is Director's Law of Public Income Redistribution. Friedman also explains why the middle-classes receive no net benefit and may be worse off due to a fallacy of composition.
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You enlightened Americans...if only more British people understood the mechanics of liberty and wealth like you do. Even if in our universities, stupid teenagers say things like: tax OTHERS so that OUR education is free! (well they actually say: make our education free but they know what that would entail) Theyhave 'ideas' like: create government to curtail the EVIL effects of seeking profit! (by it's very nature capitalism rewards good, it is mercantile structures in GOVERNMENT! that are evil.)
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