President Obama’s speech yesterday on inequality is being lauded as one of the best of his life, by people who paid attention to it. It’s a sad speech to read, in some sense, since it contains within it the promise of a presidency that we never saw come to fruition – the sort of policy effort that might have been launched to bipartisan success in the first year of his presidency, instead of his effort on Obamacare.
The release of a supplemental poverty measure by the Census Bureau is being touted as the government is not doing enough to ameliorate poverty in the country… But the real problem is that the government is already doing too much.
The term “welfare state” does not begin to encompass the totality of America’s commitment of resources to aid the poor. It is more like a vast empire bigger than the entire budgets of almost every other country in the world.
[First posted at Forbes.] Steve Moore begins his brilliant new book, Who’s the Fairest of Them All? The Truth About Opportunity, Taxes and Wealth In America, quoting President Obama saying: We’ve sought[...]
[First posted at Forbes.] 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[...]