Monday, December 9, 2013

Solving the income inequality puzzle

If You Like your Blank
Washington Times   "At the same time, the president’s programs have discouraged the bottom 15 percent from earning income. He essentially gives them a free ride by providing years of unemployment benefits, virtually free health care, and liberal welfare and food stamp benefits. The result has been the classic “the rich got richer and the poor got poorer.”
....
"Bob and Ed are hungry and don’t know how to get food. Jane has been fishing all day and has 10 fish. This represents a very unequal distribution of wealth. The president’s solution would be to take 6 fish from Jane and give three each to Bob and Ed. The distribution is more equal for now, but there are two long-term problems.
"First, Bob and Ed have been made dependent on Jane for food. Second, Jane must catch enough food each day to feed herself and two others. In the long-run, this will not work."  Full article
Hat tip to John Uhrig, Plano, TX
 

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