Robert Higgs Quote

“It would take little more than $50 billion to raise every poor person above the official poverty line, yet the percentage of the population classified as poor hardly budges, while annual welfare spending amounts to four times that much. Where's the money going?”

~ Robert Higgs

The Myth of "Failed" Policies, The Free Market, June 1995.

Ratings and Comments


J Carlton, Calgary

Welfare is directly comparable to giving children an allowance. Since children aren't expected to work, apparently we have created generations of people who are never expected to grow up. Ever.

Mike, Norwalk

Funny money has an innumerable ways of disappearing - hitting the delete button on any financial account, devaluation through inflation, government corruption, financing a service sector while regulating manufacturing out of existence, investing in poverty and other socialistic dogmas - making them grow etc., etc., etc.

PetCar, Stonington

Those who are in charge of distributing the $$$$ are star-struck with too many money symbols, i.e. $$$$ + $$$$ and the distributor's pockets get loaded using fake POOR recipients, thereby depriving the Poor of any benefit - that's where the money is going.

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