@CvilleBubble@SchillingShow
So Charlottesville and Albemarle County have learning - and left leaning - disabilities to fantasize they can do what 62 yrs and 22 trillion couldn't.
Sixty-two years and $22 trillion later, the U.S. poverty rate sits at roughly 11 percent, almost identical to where Lyndon Johnson found it in 1964. The government ran the most expensive social experiment in human history and produced nothing measurable. Bureaucracies perpetuate themselves, and this policy worked exactly as designed.
When Washington transfers purchasing power to the poor through SNAP, Medicaid, housing vouchers, and 126 other overlapping programs, it doesn't eliminate scarcity; it relocates decision-making from individuals to administrators. Those administrators develop career interests in perpetuating dependency, because a solved problem eliminates their department.
Free market thinkers identified this perverse incentive structure before Johnson signed the Economic Opportunity Act. Every dollar taxed from productive activity carries a deadweight cost before it reaches anyone's dinner table.
Capital formation lifts people out of poverty. You build wealth through savings, property rights, and voluntary exchange, none of which $22 trillion in redistributed spending actually produced.
@CvilleBubble@SchillingShow
So Charlottesville and Albemarle County have learning - and left leaning - disabilities to fantasize they can do what 62 yrs and 22 trillion couldn't.
Sixty-two years and $22 trillion later, the U.S. poverty rate sits at roughly 11 percent, almost identical to where Lyndon Johnson found it in 1964. The government ran the most expensive social experiment in human history and produced nothing measurable. Bureaucracies perpetuate themselves, and this policy worked exactly as designed.
When Washington transfers purchasing power to the poor through SNAP, Medicaid, housing vouchers, and 126 other overlapping programs, it doesn't eliminate scarcity; it relocates decision-making from individuals to administrators. Those administrators develop career interests in perpetuating dependency, because a solved problem eliminates their department.
Free market thinkers identified this perverse incentive structure before Johnson signed the Economic Opportunity Act. Every dollar taxed from productive activity carries a deadweight cost before it reaches anyone's dinner table.
Capital formation lifts people out of poverty. You build wealth through savings, property rights, and voluntary exchange, none of which $22 trillion in redistributed spending actually produced.
@RealJamesWoods You've entered the Duke Lacrosse territory of outsider commentary. We thought MIT grads let the precipitation settle before stamping the results.
@RealJamesWoods You've entered the Duke Lacrosse territory of outsider commentary. We thought MIT grads let the precipitation settle before stamping the results.
@seanhannity You need to get DeSantis to solve the 20% of drivers being uninsured disaster. That's an administrative failure which places a high premium tax on the legit 80%.
People are leaving for expensive inequities like this.
@EricLDaugh So answer why Florida has 20% of drivers being uninsured! That's a huge administrative failure placing a high premium tax on the legitimate 80%. That's not managing.
@CvilleBubble Cville could've housed these 16 people for an entire year in the Royal Inn Motel for only 13% of the fees they're paying the Arizona firm for startup! With daily maid service!
Half of this money if two per hotel room.
$403,960 would've stayed local. No $8,000,000 building.