New mega data research in Sweden (not a conservative bastion) has shown that: "causal effects of wealth are not a major source of the wealth-mortality gradients, nor of the observed relationships between child developmental outcomes and household income."
Translated simply, this means that you don't make bad decisions because you are poor. You are poor because you make bad decisions. You are not poor because the rich are rich, nor do you make bad decisions because you are poor.
So as we insulate people from the consequences of their stupidity, we get more stupidity and more poverty. Stupid should hurt. It's a great educator.
And socialism is the height of stupidity - it doesn't 'cure' wealth inequality, simply ultimate promotes more poverty and greater extremes.
http://qje.oxfordjournals.org/content/131/2/687.full.pdf+html
Translated simply, this means that you don't make bad decisions because you are poor. You are poor because you make bad decisions. You are not poor because the rich are rich, nor do you make bad decisions because you are poor.
So as we insulate people from the consequences of their stupidity, we get more stupidity and more poverty. Stupid should hurt. It's a great educator.
And socialism is the height of stupidity - it doesn't 'cure' wealth inequality, simply ultimate promotes more poverty and greater extremes.
http://qje.oxfordjournals.org/content/131/2/687.full.pdf+html
