The Welfare Loop: If the poor exist Then increase welfare Pay for welfare with taxes or debt If paid with taxes Costs rise, disposable incomes shrink If paid with debt Less capital for investment, higher rates The Poor Increase in Quantity Repeat Loop #amliberty

The Welfare Loop:
If the poor exist
Then increase welfare
Pay for welfare with taxes or debt
If paid with taxes
Costs rise, disposable incomes shrink
If paid with debt
Less capital for investment, higher rates
The Poor Increase in Quantity
Repeat Loop #amliberty

— Alex Merced (@alexmerced) August 26, 2019

from Twitter https://twitter.com/alexmerced

August 26, 2019 at 12:48PM
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