As a Libertarian, I hate faux Republican and Democratic government programs equally.
Given the “war on poverty” has been going for 50 years and we have more poor people than ever, while spending trillions of dollars on it, we can see that it is a failure. Has it helped people to eat? Yes. Has it eliminated poverty? No.
So, what’s the solution? Many would have us double down on the program, spending twice as much. The reality is, the more we do, the more people end up dropping below the poverty line.
Except for the rich. They are doing much better than ever. How is that? Most Americans have not had a real pay raise in 6 years, yet the rich are doing amazingly well.
How can that be?
Government, as it grows, throws scraps to the poor and middle class, but the rich end up eating the main feast at the table! (Matthew 15:26-27). In this instance, the Federal Reserve and government regulations have printed cheap money for big banks and Wall Street. This cheap money is the key reason the stock market has hit new record highs. It is also the reason why your grocery bill has sky-rocketed, as the cheap money makes your dollar do less. It is a hidden tax on the poor and middle-class, so the rich can pad their pockets.
Tax the rich? That’s the word we hear from the Democrats, who are outraged that the rich are getting richer! Yet, their government policies do not increase taxes on the rich, who can always find a loop hole, or move their money overseas. For example, Apple had a record breaking quarter for profits, but 89 percent of their money is overseas, where the US government cannot tax or control it. How many middle class people can hide money overseas?
One of the taxes for the “rich”, which Pres Obama has proposed will actually tax those who have college savings accounts. How many rich people do college savings accounts? Oh, that’s right. Those are for the middle class. I guess the same thing happened with Obamacare, which has created new hidden taxes for the middle class, while the wealthy found loopholes.
Pres Reagan’s OMB head now warns us that the rich are getting richer because of the Federal Reserve. But it will not last. Eventually, we’ll have another economic bubble burst, and when it does, we’ll see more people leave the middle class and end up struggling along the poverty line.
The solution? Take the power away from government, which is in bed with the ultra rich. Get rid of corporate welfare. Get rid of most government regulations that protect the rich and bring burdens upon small business and individuals. Reduce government to 1/2 its current size (or less), and force it to live within its means. Term limits for Congress, so they are less likely to end up being bribed and corrupted by the wealthy. Let states handle their own safety nets for the poor. Replace the excessive security net, which is causing malaise and poverty, with freedom and opportunity.
Are there risks? With freedom there is always a risk. However, freedom tends to correct its own problems. Big government just takes more power from the people, and leave it in the hands of an oligarchy. Before the rich and government destroy our nation, let’s take it back at the ballot box. Otherwise, if we wait until it is too late, violence will be the only action left, and it will be done by mobs and terrorists.