alpine
Gold Member
- Sep 13, 2012
- 3,535
- 809
What has not worked?
The Robin Hood fallacy, the idea that you can rob the rich to give to those you deem more deserving (yourself.)
What does this have to do with Robin Hood?
Do you even know what you are talking about?
You propose robbing the rich on behalf of some unnamed poor.
Look it up, its called infrastructure based development. Very basic economics. Proved to work in the short run, and again proved to be harmful in the long run, unless supplemented with other economic reforms. A lot of other countries, including USA have tried and got positive results.
But again, who am I talking to....
ISIS, Venezuela, Obama..........
That should be enough for you people...
What you are attempting to describe is Keynesian stimulus. The efficacy of such programs is highly questionable. Porkulus was an utter failure, but the inherent fraud makes it questionable as to whether it qualifies as Keynesian stimulus at all.
Regardless, what you propose is the Robin Hood fallacy. To rob the rich as a means of funding infrastructure (or straight graft) necessitates the removal of capital from the circular flow, it is effectively a leakage and will retard production. This is why such a move is termed a fallacy by Keynesian economists.
If you ask me, I am against all infrastructure projects.
I don't need roads, rail roads, bridges nor airports to transport my goods to the market. Why would I care...
If anybody need any infrastructure in this country, it is definitely not the "unnamed poor", meaning the American lower class...
Let em fall apart, and lets see who will suffer at the end...