Economic Freedom Will Solve Poverty : Freedom to Chose

Mr Obama's new 'pivot' to 'income inequality' is another attempt to change the subject from the economic and foreign disasters that are now destroying our country. Mr Obama and the progressive socialists believe if prosperity comes to the middle and lower classes, his push for a European  socialist democracy will lost.

The entire philosophy of socialisms is to lower the expectations of the those that want prosperity, decrying such aspirations as unrealistic and unhealthy, and punish those that already have prosperity and economic success by demonizing them for their success, demanding they relinquish there success to those that can't or won't succeed. Taking from the productive and giving it to the unproductive is the very basis of socialism.

Economic freedom to succeed kills the agenda of the progressive socialist liberal. It is the reduction of productive success through taxes and regulation that strengthens the ideology that the agenda of 'one size fits all' is a legitimate alternative to individual freedom and free markets.

It seems that the thought of individual freedom to gain economic success is outmoded among many of our citizens that unfortunately have little sense of our history. It seems it is the welfare mandtes that now have invaded our society.

Case in point, according to Nancy Pelosi you don't have to work anymore now that you have the Affordable Care Act health insurance. It's okay to live off the productive while you pursue your hearts desire.

Economic Freedom Helps Poverty More Than Government Aid
Source: Julian Adorney, "Free the Poor," Foundation for Economic Education, March 7, 2014.

March 19, 2014

Economic freedom does more to alleviate poverty than government aid, says Julian Adorney for the Foundation for Economic Education.

A study from Daniel L. Bennett and Richard K. Vedder analyzes economic freedom and income inequality in the United States, finding that economic freedom decreases inequality, benefiting the poor and middle class more than the wealthy.

Looking at the 50 states, and using limits on government to measure economic freedom (the authors looked at size of government, level of taxation and labor market regulation), the study found that most gains went to the wealthy during the initial stages of economic freedom. However, at a certain point (and 21 states had already hit this point by 2004), that result shifts, leading income inequality to decline as states grow more and more free.
What is behind this decline? Is it a loss of wealth by the rich or an increase in wealth to the poor? The latter, according to research from Nathan J. Ashby and Russell S. Sobel.

• Analyzing the 48 continental United States over two decades (the 1980s to 2000s), Ashby and Sobel determined that increasing the freedom of a state by one unit (which was the equivalent of the 40th freest state moving to become the 7th freest state) increased the income of the poorest residents by 11 percent and the incomes of the top 20 percent by 4.3 percent.
• Increases for the middle class fell somewhere between these numbers.
• The authors controlled for education, geography and median income in order to prove that it was not the case that wealthier states needed less government because they had less poverty.
• In fact, the results indicated that it was economic freedom that reduced that poverty.

The Fraser Institute's Economic Freedom of the World (EFW) Annual Report echoes this notion. The poorest citizens of the top 25 percent most-free nations earn an average of $10,556 per year, compared to the poorest citizens in the middle 50 percent of countries who earn less than a third of that amount.