So there goes one more Economics Nobel for telling us that it is good to snatch from the rich and give it all to the poor. Ok, the poor will spend it surely. O

So there goes one more Economics Nobel for telling us that it is good to snatch from the rich and give it all to the poor. Ok, the poor will spend it surely. On beer, bread and weed probably. Thus the money ends up back to the producers of those items, namely the rich. While our poor wait again for the next dole, they steadfastly refuse to earn by a honest day's work for themselves because they no longer need to. Poverty is not really solved by the doles. It needs real productivity increases among all sections of the society, rich and poor. It can be brought about by investing in education, health care and insurance, not by doling out money to the poor. Inequality exists in societies for a reason - there are sections of the society which are genuinely more productive in this modern, industrial world. Why not try to provide equal opportunities to all sections of the society to be richer instead of temporary fixes like these ?