Saturday, November 19, 2011

Why "Redistribution Of Wealth" Would Never Work...

The "Occupy Wall Street" protesters (and most liberals and Democrats) want "income equality" - a redistribution of wealth. What they apparently are not bright enough to comprehend is that it could never work.

For the sake of argument, let's say we redistribute all the wealth - everyone has the same amount of bucks. How long do you think it would be before the previously rich are rich once again, and the previously poor are poor once again?

The fact is, most of the poor and low income folks are in that predicament not because of a lack of money, but because of a lack of a) education, b) know-how, c) ambition, and d) desire.

The poor do not know how to make money or create wealth - they only know how to spend it. Give a broke, homeless guy $100 and odds are 99.9% that he will be broke within 2-3 days. He will spend the money, and that $100 will find its way into the hands of people who provide goods and services (the "rich").

What needs to be redistributed is not the wealth, but the ability to create it. If you give a man a fish, you feed him for a day, but if you teach him how to fish you feed him for a lifetime.

The Occupy bunch only want to be given a fish. They have no interest in earning it, nor in cultivating an ability to do so. They will simply eat the fish, throw the bones and leavings on the ground and extend their hand for yet another fish. Any seal can do that.

As Jesus illustrated in his parable of the talents, any person who does not use what he already has to increase his own wealth deserves no wealth.


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