Tuesday
“Ultimately it is only wealth that can reduce poverty.” Thomas Sowell
There is a great deal of blather about reducing poverty by this or that measure and about how to better organise society to achieve this supposedly desirable outcome. Personally I like having some poor people around because they maintain my garden cheaply.
Practically speaking, poverty cannot be eliminated in any way other than by increasing the total amount of wealth. Surely that must be clear – even to socialists?
It cannot be a matter of extracting more from the rich as it has been clearly demonstrated, throughout the millennia, that these people are always smart enough to be at least one step ahead of governments. Being kind to politicians, that is not hard.
So… how does extra wealth come about? By extra production.
How does extra production come about? By extra incentive.
How does extra incentive come about? By the removal of barriers to doing business and creating profit – i.e. regulation and taxation.
So, with regard to that multitude of political blatherers, if they are discussing anything other than the removal of regulations and taxations then you can be sure that their only real interest is in a cushy job on a government committee where they earn lots of money for turning up and blathering occasionally.
Then they can buy a nice house with a large garden, which they can get cheaply tended.
We live in a cynical age. It bulges with people who wish to sound and look good, but who really are the most despicable, hypocritical turds.