The rich get richer myth, this is one that we hear all the
time, thankfully Chels Chelsea Follette from Human
progress.org, wrote an article titled High turnover among
America's Rich going to the science, as the progressives
loves to tell us. She says, some 94% of Americans
who reach top 1% income. Status will enjoy it for only a
single year, approximately 99% will.
Lose their top 1% status within a decade.
Now consider the top, 400 US income earners a far more
exclusive Club than the top one percent between 1992 and 2013,
72% of the top, 400 retain that title for no more than a year
over 97 percent retained it for no more than a decade.
Excellent work for human progress, smashing the statist
myth that always Justifies further and further State
intervention to which people will almost always respond.
Well, you could never spend all that money.
Why is it okay for someone to have it as if it's under a
mattress? As if it's not being invested in
given out in the form of loans by Banks or anything?
Or in the stock market here is how Jason Brennan responds to
this criticism. You know there's these arguments
that basically say if you're rich you should give it all the
way because how can you live high while other people died?
And one of things that do with it is to point out that the
reason some of us are living high is in part because we
haven't yet worked on this attitude of, you just need to
give it all away. So it is true that there are
people that are starving right now and you could save them.
They're people who are blind and you could save them.
I'm not saying you shouldn't, I think, I think it is worth
helping some of these people in these circumstances, but the
reality is the, why don't we give it all the way out of to
has never made a cunt? Put people in a position where
they're in position to help. Right.
So, you know, back in 1971, the philosopher, Peter Singer
writes, a paper arguing that you should give away almost all of
your income to help others and basically no one listens listens
to Peter Singer. And as a result, South Korea
goes from being a poor country to being a rich country in 25
years because people didn't listen to them.
And so they bought VCRs and cars and Stereos and other kinds of
things. So, it's important to recognize
that trade and investment are the things that actually
liberate people to be rich and put them in the position to
wonder how much Should help people.
The Let's help everyone can you know it's like it's like that
that never actually succeeds lifting a country out of
poverty. Never actually succeeds in
creating Prosperity. What it does do is stop people.
In some cases from starving to death.
We should be aware that that's all it really does.