Milton Friedman Speaks: Myths That Conceal Reality

freetochoosenetwork.org/ ^ | Milton Friedman Speaks -

[UMCRevMom@aol.com]

Five myths cloud our perception of both the past and the present:

1) The "robber baron" myth, which holds that in late nineteenth-century America there were powerful men who became rich at the expense of the poor. The reality is that they became wealthy by being productive, and that there is no other period in history which saw such a rapid and widespread improvement in the well-being of the average individual;

(2) The myth that the Great Depression was caused by a failure of business, when it was, in fact, produced by a failure of government and specifically by the Federal Reserve System;

(3) The myth that government in the economy has expanded in response to public demand, when, actually, the public has had to be sold "hard" for politicians to enact every major social program;

(4) The "free lunch" myth, which forces the individual to pay more, no matter how the government raises money - by taxing individuals, by taxing businesses, or by printing more money; and

(5) The myth that government, like Robin Hood, transfers wealth from the rich to the poor, when the reality is that the government usually transfers wealth and income from both the very rich and the very poor to those in the middle.

[UMCRevMom@aol.com]

Milton Friedman Speaks - Myths That Conceal Reality

https://www.youtube.com/watch?v=xNc-xhH8kkk

[Diana in Wisconsin]

[dsrtsage]

Democrats outraged!

[Wayne07]

(5) The myth that government, like Robin Hood, transfers wealth from the rich to the poor, when the reality is that the government usually transfers wealth and income from both the very rich and the very poor to those in the middle.

It looks like this has inverted, with the government taking wealth from the middle and sending to the rich and the poor.

[Secret Agent Man]

Government thinks EVERYONE is their wallet.

[momincombatboots]

It is inverted. The middle class are being ground between the millstones of taxation and inflation, as planned. How,many poor people pay a significant percent of their income on medical insurance and healthcare, gas and food. Gas they can mitigate by staying home on disability. I still see their kids in underarmor clothing while using ebt cards. But hey maybe grandma is paying. Well maybe not for their biweekly manicure.. o wait thats the father that never is allowed to see his kids paying for his exwifes manicure for 18 years.
How many commercials.. i got health insurance for my whole family almost free thanks Obamacare.
I think there are tiers of wealthy.
Overall my assessment.. it pays someone else when you work. In the layers of taxes, the inflation, cost of living and all things considered.

[RoosterRedux]

government usually transfers wealth and income from both the very rich and the very poor to those in the middle.

The Government usually transfers wealth from rich, poor, and middle class to politicians and their cronies.

[Coffee... Black... No Sugar]

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[linMcHlp]

bttt