The Keynesians and the Capitalists are heading for an economic showdown at the O. K. Corral.
Keynesians believe the central government should control the economic levers affecting the masses. The economy can’t be entirely left up to the free market. Big government believers want the ‘leaders’ determining the winners and losers. Controlling reallocation of wealth preserves the power of the political class. Using tax dollars to garner votes has turned into an art form.
George Bernard Shaw said, ‘A government that robs Peter to pay Paul can always depend on the support of Paul.’
US Governmentspending.com ‘guesstimates’ 2017 spending on welfare and Medicaid will top $1.127 trillion. While the welfare class grows, Peter is working his butt off and sees a lot of his hard earned money wasted.
This post was published at Zero Hedge on Feb 15, 2017.