“We Must Turn Back Picketty’s Charge” by Burt Folsom

Dr. Folsom has another excellent analysis of the latest (and still just as devoid of substance) “scholarly” plea for taxing “the rich” so that government “helps the poor.” That “help” never gets to those who actually need it, does it? Folsom’s new article, looking back on the ground laid by Hoover and FDR in the 1930s, reminds us that there is nothing new under the sun and redistribution still fails every time. As Coolidge once said, “No matter what any one may say about making the rich and the corporations pay the taxes, in the end they come out of the people who toil. It is your fellow workers who are ordered to work for the Government every time an appropriation bill is passed.”