INTERESTING: 57 million overseas Chinese created as much wealth as the one billion people living in China

Tuesday, July 9, 2013

http://lewrockwell.com/sowell/sowell139.html

The Mindset of the Left
by Thomas Sowell

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When teenage thugs are called “troubled youth” by people on the political left, that tells us more about the mindset of the left than about these young hoodlums.

Seldom is there a speck of evidence that the thugs are troubled, and often there is ample evidence that they are in fact enjoying themselves, as they create trouble and dangers for others.

Why then the built-in excuse, when juvenile hoodlums are called “troubled youth” and mass murderers are just assumed to be “insane”?

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The political left has long claimed the role of protector of “the poor.” It is one of their central moral claims to political power. But how valid is this claim?

Leaders of the left in many countries have promoted policies that enable the poor to be more comfortable in their poverty. But that raises a fundamental question: Just who are “the poor”?

If you use a bureaucratic definition of poverty as including all individuals or families below some arbitrary income level set by the government, then it is easy to get the kinds of statistics about “the poor” that are thrown around in the media and in politics. But do those statistics have much relationship to reality?

“Poverty” once had some concrete meaning – not enough food to eat or not enough clothing or shelter to protect you from the elements, for example. Today it means whatever the government bureaucrats, who set up the statistical criteria, choose to make it mean. And they have every incentive to define poverty in a way that includes enough people to justify welfare state spending.

Most Americans with incomes below the official poverty level have air-conditioning, television, own a motor vehicle and, far from being hungry, are more likely than other Americans to be overweight. But an arbitrary definition of words and numbers gives them access to the taxpayers’ money.

This kind of “poverty” can easily become a way of life, not only for today’s “poor,” but for their children and grandchildren.

*** and ***

If our goal is for people to get out of poverty, there are plenty of heartening examples of individuals and groups who have done that, in countries around the world.

Millions of “overseas Chinese” emigrated from China destitute and often illiterate in centuries past. Whether they settled in Southeast Asian countries or in the United States, they began at the bottom, taking hard, dirty and sometimes dangerous jobs.

Even though the overseas Chinese were usually paid little, they saved out of that little, and many eventually opened tiny businesses. By working long hours and living frugally, they were able to turn tiny businesses into larger and more prosperous businesses. Then they saw to it that their children got the education that they themselves often lacked.

By 1994, the 57 million overseas Chinese created as much wealth as the one billion people living in China.

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In one short article, Sowell nails our problem:

(1) low expectations by making excuses for evil;

(2) “poverty” has a poor definition and has become an “industry”; and

(3) poor immigrants seem to thrive.

Gooferment IS the problem.

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MONEY: Pensions in the bulls eye

Sunday, March 31, 2013

http://www.wnd.com/2013/03/poverty-hits-the-suburbs/

WND EXCLUSIVE
Poverty hits the suburbs
Disturbing stats show dangers overlooked as Wall Street bulls run wild

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He calls “the great 401k experiment of the past 30 years” a “disaster,” and says the actual average 401(k) balance for 65 year olds is closer to $25,000 than the $100,000 claimed by the retirement industry. Siedle predicts, “a catastrophic outcome for at least a significant percentage of our elderly population is inevitable.”

He is just as pessimistic about pensions, warning, “Americans today are aware that corporate pensions have been virtually eliminated and that the few remaining private, as well as the nation’s public pensions, are in jeopardy. Even if you are among the lucky few that have a pension, you cannot rest assured that it will be there for all the years you’ll need it. Whether you know it or not, someone is busy trying to figure how to screw you out of your pension.”

*** end quote ***

Obviously, the individual will have to save for themselves.

And, it’s in things that will retain value.

Not numbers on a bank statement.

Productive assets.

Bullion.

Bullets, bandaids, beans!

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POLITICAL: Modern Day Bread Lines

Friday, November 2, 2012

http://lewrockwell.com/slavo/slavo125.html

Food Stamp Nation: What a Modern Day Bread Line Looks Like (Infographic) by Mac Slavo

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Wow. The e-benefits hides the actual problem!

This picture brings it out!

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RANT: The Irish bishops are making a severe blunder

Tuesday, February 22, 2011

http://www.catholicculture.org/news/headlines/index.cfm?storyid=9343

Irish bishops condemn ‘selfish’ economic policies, support higher taxes
February 21, 2011

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Less than a week before elections in the Irish republic, the Irish bishops’ conference has released a statement charging that current public policies violate principles of justice and offend against the common good.

The statement released by the bishops’ committee on justice and peace, entitled From Crisis to Hope: Working to achieve the Common Good, said that the country’s current economic problems can be traced to immoral policies and perspectives. “Greed became dominant, trust was betrayed, and the result was the recession in which we now are,” said Bishop John Kirby of Clonfert, at a press conference in Dublin introducing the statement.

Bishop Raymond Field, a Dublin auxiliary who chairs the justice-and-peace committee, said: “Poverty and social exclusion, experienced by increasing numbers of people in Ireland today, North and South, represent gross violations of human dignity.”

The bishops’ statement called for greater efforts to relieve poverty, both in Ireland and, through foreign aid, in developing countries. The statement suggested that Ireland’s tax rates must be raised to support the necessary social services.

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With all due respect to the Irish bishops, they are made a severe blunder. They are not fighting the evil King, defending human freedom, and protecting religious freedom.

They are buying into the meme of a government that does everything. The Nanny State.

A better meme is “That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed”.

They would be better served by learning from the Good Samaritan. He helped the victim out of his own pocket. He didn’t make others pay for his charity. He took pity on the victim but didn’t call for the Gooferment to fix the problem.

There are many reasons why the bishops are blundering. Two that come to mind right off the top of the head — charity to be effective has to be personal — AND — involving politicians and bureaucrats makes the overhead costs skyrocket.

Poverty can’t be fixed by stealing from some and giving to others.

The USA’s “War on Poverty” is an abject failure. The richest country in the world and in recorded history couldn’t “solve” poverty. Because Gooferment was the meme.

Is it charitable to keep the poor poor?

Gooferment “welfare” isn’t designed for people to prosper. It’s designed to keep the maximum number of voters voting and bureaucrats employed.

Peal away the disincentives to success and train people to stand on their own two feet and help themselves. Tough love. With Churches, Fraternal Organizations, Clubs, Societies, Families, Clans and groups to provide “help”. “Help” that really helps; not ensnares people in despair and multi-generational poverty as “welfare farmers”.

We can do better. And, the bishops should lead; not whine for more Gooferment handouts.

Argh!

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