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This idea sounds like an authoritarian nightmare. You are talking about essentially allowing the government to control the flow of resources in the economy. Thi
by trcarney 5y ago
This idea sounds like an authoritarian nightmare. You are talking about essentially allowing the government to control the flow of resources in the economy. This system would cause everyone to be "poorer". By this I mean, the average products in the economy would be more expensive and of worse quality. The opposite of what happens in the free market. The key to making everyone richer is the let the free market do its thing. If you look at products that have little government involvement, product quality and prices have both improved exponentially. Look at the prices for flat screen tvs and smart phones compared to what they were 10 years ago. Now look at industries with heavy government involvement, i.e. healthcare and education. The prices have skyrocketed and the quality hasn't improved much.
I'm making an assumption on what the OP is thinking but most people who propose similar things are asking a similar question. "How in a country as rich as the US does poverty exist?" This this the wrong question. Poverty will always exist. It is the base state of humans and has been the most common state throughout history. If you do nothing you will be in poverty. Therefore the question we need ask and solve is, "If poverty is the basic state of humanity, how does wealth exist?" The answer to this question is by providing value to other people. The more value your provide, the more wealthy you become. So to make a level playing field, we need to make it as easy as possible for people to provide value to others. This means lowering taxes to make it easier for people to start and run businesses and lowering the regulatory burden on those businesses.