Friday, August 8, 2014

The New York Times: Opinion: Paul Krugman: Inequality is a Drag: How to Expand Economic Freedom For Everyone


The New York Times: Opinion: Paul Krugman: Inequality is a Drag 

This post was originally posted at The New Democrat on Blogger 

If you are familiar with my blogging you know that I'm not a redistributionist in the sense that I believe the way to close the wealth and income gaps in America is to take from the rich to give to government to take care of the poor. What I want to is to expand economic opportunity to the poor and low-end middle class so they can be successful as well. And not need public assistance at all and not become dependent on public assistance as part of their income.

So that is just one issue where I disagree with Paul Krugman on. I believe in economic growth that everyone feels and benefits from with a middle-out approach. Not trickle down which obviously doesn't work, or wealth redistribution. But empowering people in need to get the tools that they need to live in freedom and not have to be government dependent. And you accomplish those things by empowering at the bottom and near bottom through education and job training so they can get themselves the skills that they need to get a good job.

We saw the benefits of the middle-out approach during the Clinton Administration where we had low unemployment during most of the 1990s. High economic growth from 1994 for the rest of the decade. And with Welfare to Work educating and training low-skilled adults on Welfare so they could get the skills that they need to get themselves a good job and get off of public assistance all together. You expand the pot so more people can take out of it and you'll encourage more people to be successful. You redistribute from the current pot and you encourage fewer people to be successful on their own.