It is said that a picture is worth a thousand words. This cartoon speaks volumes! It is an incredible commentary on the difference between free market, Capitalist driven economics, versus Big Government resource hogging non-producing, Keynesian Economics.
The common denominator is the poor. There are always going to be poor people. That’s a fact in every society. Even one as great and powerful as we are, we are sill going to have the less fortunate. The difference in how the poor are aided. Conservatives and Liberals couldn’t be more polar opposite in their respective political philosophies on economics.Liberals want to take from the producers and give to the poor. They cry out “More food!”, “More housing!” “More money!”, “More! More! More! Gimme More!”. The fatal flaw with this approach is the fact that if the producers are bled dry, where do you go for “More”? How can the producers ever reach their maximum potential of producing, when they are constantly having to give “More!” Growth is stifled. Less jobs are created, because of less investment capital. And inefficient government is expanded. All leading to a lower standard of living.
Whereas, on the other hand, the poor that are seeking a way out of the muck and mire are boosted out of their circumstances if there is less restraint on the producers. If there are less regulations. Less siphoning of their capital through excessive taxation for redistribution to the non-producing entities. Free market capitalism allows for expanded growth, more production, which in turn creates more jobs that adds more “rungs” to the ladder so that the ladder can go deeper into the pit of the poor, and in turn allow those with grit and determination to rise into prosperity. It is a simple winning formula. One that has made our great nation the envy of the world. JFK said it best, “High tides raise all boats”, meaning that if the producers aren’t hindered by the overzealous extension of regulations and taxes, then they will be allowed to grow, produce more and create more jobs.
The standard of living here in America is the greatest the world has ever known. The poor in our country did not create this standard of living; the producers did. Which leads me to point out that given the current power structure that exists, and the adamant rhetoric that the rich must pay more, that they must pay their fair share; can only lead one to the conclusion that, if not reversed, the standard of living is going to indeed go down; and the rungs on the ladder will become shorter. ~ Mercury
“I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I traveled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.”– Benjamin Franklin, 1766