Posted on 12/05/2014 4:44:00 AM PST by IBD editorial writer
The most liberal states in the country are the worst run and have the widest gaps between rich and poor. Could it be that spread-the-wealth policies make things worse?
(Excerpt) Read more at news.investors.com ...
California wants to put illegal aliens on Medi-Cal. That should do it for us.
Without going to the site to read the entire editorial, I will opine that it is the purpose of leftist politics to make as large a gap as possible between the rich and the poor. That way, the rich liberals get to throw crumbs out to the vast masses of poor, while telling themselves that they are truly generous and caring. Then they shut out any reminder of the poor and continue to live their lavish lifestyles.
This is the pattern in any socialist system. The mystery is how they can be so blatant about maintaining that income gap, yet manage to convince so many people that they stand for equality.
They don’t call it “trickle up economics” for nothing.
It means exactly what it says.
The wealth flows to the top from the middle.
The higher you raise taxes on the rich to provide goods and services for the poor, the rich will get richer and the poor will get poorer.
When your tax revenue is dependent on your highest earners you need a policy to increase the income of your highest earners to increase the revenue.
“Trickle up economics” is a hidden tax on the middle class through targeted inflation.
Raise taxes on the rich, rich raise their prices on goods and services they offer.
Middle class has to pay increased price for the goods and services offered.
The most stratified classist locality I have ever seen is DC. It is so obvious in the way a disastrous school system produces uneducated serfs that fill worker bee jobs in town that nobody would be willing to commute for. These drones are kept in their programmed ghettos with a corrupt city government and corrupt police establishment. Extensive welfare is used to keep a voting majority to ensure the future of the party, regardless of how many of them go to prison.
I think it might be an effect of the disincentives.
Liberal states offer lots of benefits: cash, medical care, housing, etc. There is much less incentive to work or learn and advance to a higher level of income when someone else is taking care of you.
So, you have a big discrepancy between the givers and takers. I wonder if it would be so large if you accounted for the income transfers?
IIRC, San Fran Eurofrisco has the highest minimum wage ...and the highest rental prices outside Manhatten.
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