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Exposing the myth that government eliminates poverty
by Chuck Bentley
America has been embroiled in a losing war far longer than any engagement in Afghanistan or Iraq. In declaring a “War on Poverty” in 1964, then President Lyndon Johnson asserted the grandiose claim that government could be the conqueror of a foe as old as mankind.
But with rising poverty rates and an exploding national debt it is time to reconsider just how to fight a “war on poverty” and whether government is of any lasting help at all.
Zimbabwe is Exhibit A for a failed wealth redistribution program.
President Mugabe took from the “Have Too Much” and gave to the “Have Too Little,” which caused multiple unforeseen consequences: the commercial farmers (wealth producers) left the country, leaving non-farmers with assets they were not equipped to manage. Production dropped, export income dried up and the loss of trust in the leadership caused outside investment to also drop off the cliff. To supplement their losses and domestic problems, the government borrowed and printed money until it became worthless thereby destroying the middle class and sending most of the entire population into abject, life destroying poverty.