The percentage of Americans who reside in the lowest income quintile and move up either to the middle quintile or higher has been in decline over the past three decades. This statistic should be alarming as it is indicative of stagnation within an economy that supposedly fosters the entrepreneurial spirit. In a world of scarcity, opportunity for a better life is an ever-present reality. In the marketplace, success is achieved by making others better off. Achievement for the state means trampling on the rights of others. One embodies the elements of peace and cooperation which give way to fostering incalculable opportunities to thrive. The other results in a perpetual state of conflict between those who “pay the taxes” and “those who are the recipients of their proceeds.” The state creates opportunity for latter and decimates it for the former. The only way to set free the innovative minds who build wealth and opportunity is to scale back this exploitive state of affairs.
↧
Guest Post: Can Government Create Opportunity?
↧