Redistribution Of Wealth Analysis

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There are many different ideologies in regard to how to deal with poverty in America. One such ideology is the redistribution of wealth. This idea is predominantly held by liberals, and on the surface it may sound like a good idea. However, so far it has proven to be ineffective. As a long term plan the redistribution of wealth will do nothing but harm the economy, and as a result the American people. Not only is it ineffective, but it is also immoral. The redistribution of wealth is most certainly not the answer to the problem of poverty in America.
On January 8th of 1964 President Lyndon Johnson declared a war on poverty (Tanner). Since then 15 trillion dollars have been spent on welfare programs; and the US national debt sits around 18 …show more content…

Not just throwing money at them. Philanthropist Charles T. Munger says “To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of undeserving people.” The redistribution of wealth is also not a sustainable option. The wealthy do not have an infinite amount of money to draw from. As the number of people on assistance continues to increase the entire system will become unsustainable. Private charity would be a better option than the government redistributing wealth. First of all, it is voluntary. This would require that the US Government to lower taxes. People are much more likely to donate to charity, if they have more money to give. The redistribution of wealth can seriously disrupt the economy, and the best way to fix that problem is to move into a free market. When the free market is brought up people often think about trickle down economics. This is ironic because trickle down economics violates the economic premise of supply and demand. With trickle down economics the government is deciding what companies should thrive, not the market. In a free market there would be more competition, and as a …show more content…

There are plenty of innovative and moral ways that would be less costly and more effective. Fighting poverty should be about the conjoined effort of the people, and not about government

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