Monday, December 11, 2006

The Best of Captain Capitalism - The Left IS Winning

I think this is a post that gets to the heart of the matter. That no matter who is in office, the "people" are voting to have the government take on a larger and larger role in support them. Of course this condemns us to failure until we learn our lesson again, but this is what happens when a population forgets the lessons of the past.

Despite the cocophany of complaining you hear from the left about how things are so horrible and that the plight of the poor is getting worse,

remember, a little dose of reality provide a lot of clarity.

For if you look at the federal budget over time and how we've "voted" to spend our money, you'll note that wealth redistribution programs such as Medicare, Medicaid, Social Security, welfare and so forth have taken a larger and larger percentage of the budget.



Going from all of 3% in 1943, this has now ballooned to over 64% in 2005, suggesting (nay, convicting) the government of not so much being an agent of governance as it is a political agent of wealth redistribution.

Consider the total percentage of the nation's wealth that has been redistributed and it is very clear who is winning the ideological battle of economics;


Going from under 2% in 1947 now a full 12% is redistributed.

And when you consider that the two largest wealth redistribution programs (Medicare and Social Security) are going to balloon in the next 20 years;



Alas, it seems Chairman Mao himself could not have wished for a better outcome of the world's soon to be No. 2 Superpower.

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