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.

Fredrick William Sillik, Anytown

Humans pride themselves in their productiveness. Objects are only interested in producing objects, in this case, Money. Socialism is the challenge of social abilities to create productivity. 

Mike, Norwalk
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Mike, Norwalk Fredrick William Sillik, Anytown 3/1/24

Sillik, Throughout the last few hundred years, every form of socialism tried has had a one hundred percent (100%) record of thwarting creativity and killing production. That is the sane reality of socialism. There has never been a time when socialism enhanced or created productivity.

E Archer, NYC
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E Archer, NYC Mike, Norwalk 3/3/24

Mike, I don't think Fred knows what socialism really is, servitude to the state/government.  But who knows, since whenever socialism is explained to him, he says that he is the ONLY one who knows what it is... he is THE socialist (whatever that means).

Socialism is slavery.  Period.  It offers no creativity at all.  It is the appropriator of all to make dependents of us all. It is the antithesis of Liberty and personal responsibility.  Any and every good idea is turned into a racket.  Socialism almost always leads to dictatorship as authoritarianism is its modus operandi.

The only happy socialist is one who has a good job enslaving his/her fellow man, working for government, banking, propaganda, military, or any of the businesses that serve them.  No one living on social welfare is happy with it.  The history of socialism is nothing but empty promises by bought-and-paid for politicians and oligarchs.  The real rulers of this world absolutely know what they are doing keeping the populace ignorant and squabbling with each other while they go laughing to the bank.

Unfortunately, Fred is one of those useful idiots and will NEVER EVER examine how the monetary system works, proving he has been duped over a lifetime by those he calls heroes.  And he is unfortunately (for us) in good company.  Good Lord, help us all!


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