I’ve written about how statist policies help the rich and hurt the poor.
Now let’s mix those two issues (though I hasten to add that this isn’t like math…two negatives don’t make a positive.
Here’s an infographic from the American Enterprise Institute showing how farm programs are a (yet another) perverse example of poor-to-rich redistribution.
I particularly like the part about 42 cents of administrative cost to give away 90 cents of other people’s money.
Actually, let me rephrase. I’m horrified and upset that we have this horrible system, so I only “like” that part of the infographic in the sense that it’s an effective way of showing the inefficiency, venality, and stupidity of government redistribution programs.
And don’t forget that if it’s bad to redistribute from rich to poor, it’s…
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