3 ms·
Supplying handouts does not affect the wealth gap - giving the needy some real capital like own housing, shops, etc would actually contribute to that goal. Hand
by yunohn 4y ago
Supplying handouts does not affect the wealth gap - giving the needy some real capital like own housing, shops, etc would actually contribute to that goal. Handouts don't help enough because the money is spent on their necessities (which was the point), and obviously that means the money immediately flows to the rich ones that supply those items (housing, food, etc).
Reducing the wealth gap is crucial, I think you're severely misunderstanding.
- newaccount74 4y agoYeah, this is an unfortunate side effect of many social programs. Eg. housing assistance is just money that (1) goes directly to landlords and (2) removes market pressure and keeps prices for low quality housing higher than it should be. Way more effective would be caps on rent, but for some reason politicians don't want to use this tool....
- lupire 4y agoCaps on (housing) rent suppress development. Caps on rental profit (economic rent) suppress profiteering.