Tuesday, December 25, 2018

Work vs charity

Senator Bernie Sanders has a ad stating that Warren Buffet, Bill Gates and Jeff Bezos have more wealth than the lower 50% of Americans. Their wealth based on current figures is about $320 billion and there are 160 million Americans in the lower half so if we take all of their money and give it to the lower group each will receive $2,000 and that is a one time thing. While that would be a nice Christmas present it is hardly a life changing gift. Throughout history and today there have always been to many poor people and too few rich to make a redistribution meaningful. Instead of taking money from Bezos let him use his business acumen to start new companies. He now employs 600,000 people and the best way to help a a poor person is to get them a job where they can earn many times more than $2,000 and they can do it year in and year out not to mention the dignity of work verses a hand out.

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