Behold leftist economic stupidity in a nutshell: Wealth, like acreage, exists in finite supply, so one person’s gain translates into a loss for everyone else. It’s a zero-sum game. Of course, in economics precisely the opposite holds true. Economies grow. They grow because people create wealth. Wealth is creatable because economic transactions produce gains on both sides of the equation: Steve Jobs cannot get rich unless he also enriches the lives of others by offering them products they consider worth more than the price he charges. Why do progressives call themselves progressive, when they think in such medieval ways?
Courtesy of A. Barton Hinkle of the Richmond Times-Dispatch. Love this guy.
Thanks for playing.
:^\
James Q. Wilson’s Life-Saving Work
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