BRILLIANT POST ABOUT INCOME DISPARITY AND THE IDIOTIC LEFTISM OF PAUL KRUGMAN AT DOUG ROSS'S PLACE. CHECK IT OUT - IT'S GOT LOADS OF LINKS AND PLENTY OF FULL COLOR GRAPHS!
My two cents: There was no income disparity in Mao's china - everyone was freakin' poor, ('cept fer the party biggies!)
Starting in 1980 when Teng Xiao Ping (sic???) took over, income disparity INCREASED.
However, this was outweighed by the vast gains in the standard of living for ALL.
Less-fettered freemarkets have always and will always outperform more fettered ones with statist redistribution schemes & regimes because ... prosperity is a by product liberty.
HOW & WHY!? Simple:
When people are free to make and buy and sell whatever they want, then they make and buy and sell more. Then the pie grows and the QUALITY of the goods and services constantly improves.
You know what you wanna buy and what you wanna pay for it better than any elite. As Reagan said, "You know how to spend your money better than the government." An empowered and free consumer is the real economic engine. Taxes and regulations make the engine stall.
An economy with the lowest possible taxes and the least possible regulations will grow at the fastest possible rate.
An economy with the lowest possible taxes and the least possible regulations will grow at the fastest possible rate.
If statist economic controls, high taxes and free trade barriers were still in place in the USA, then the misery index would be in Carter territory and we'd all still be driving Pintos.
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