Most officially “poor” Americans today have things that middle-class Americans of an earlier time could only dream about — including color TV, videoc… - Thomas Sowell

" "

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.

English
Collect this quote

About Thomas Sowell

Thomas Sowell (born June 30, 1930) is an American economist and political commentator. He taught economics at Cornell University, the University of California, Los Angeles, and since 1980 at the Hoover Institution at Stanford University, where he is currently Senior Fellow.

Biography information from Wikiquote

Unlimited Quote Collections

Organize your favorite quotes without limits. Create themed collections for every occasion with Premium.

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by Thomas Sowell

Loading...