Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resou… - Thomas Sowell

Knowledge may be enjoyed as a speculative diversion, but it is needed for decision making.

Most officially “poor” Americans today have things that middle-class Americans of an earlier time could only dream about — including color TV, videocassette recorders, microwave ovens, and their own cars. Moreover, half of all poor households have air-conditioning.
Leftist redistribution of income could never accomplish that, because there are simply not enough rich people for their wealth to have such a dramatic effect on the living standards of the poor, even if it was all confiscated and redistributed. Moreover, many attempts at redistributing wealth in various countries around the world have ended up redistributing poverty.
After all, rich people can see the political handwriting on the wall, and can often take their money and leave the country, long before a government program can get started to confiscate it. They are also likely to take with them skills and entrepreneurial experience that are even harder to replace than the money.

Many on the political left are so entranced by the beauty of their vision that they cannot see the ugly reality they are creating in the real world.