Monday, July 10, 2017

Entitlement taxes kill families

…and how that was the root cause of America’s poverty…. The social dysfunction was clearly real. But was it cause or effect? William Julius Wilson, in When Work Disappears, famously argued that it was a symptom: good jobs in inner cities, where African-American men could take them, went away, and the cultural changes followed. So, how could you test that hypothesis? Well, here’s an experiment: change the structure of the economy in such a way that a large class of white men—say, white men without a college degree—similarly lose access to good jobs. If Wilson was right, we’d expect to see a sharp decline in stable marriages, a rise in unwed births, growing drug use, and other forms of social disruption. And that is, in fact, exactly what happened: William Julius Wilson was right.
Jobs disappear as government executes the bailouts of government programs, which results in a  transfer of wealth from little browns to wealthy.   look at government debt and ask who pays the trillion dollar interest charges. Little browns pay as they are the ones lied to.

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