Thursday, September 24, 2009

To Subsidize Everyone is to Subsidize No One.

If you subsidize everyone you subsidize no one. 

Therefore it is very difficult, if not impossible to subsidize the middle 
class. You would have to tax the rich at a very high rate which might 
impact investment. Since investment is like indiscriminate charity it 
might actually produce a lower standard of living for the middle class.
So if you are middle class and you think that you are not paying for 
your children's education you are wrong. You are paying every penny.
If you are middle class and you think that you will make out if medical 
care is socialized you, again, are most likely mistaken.

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