Government makes the poor poorer
By Stephen Moore
For all the obsessing in Washington over income inequality, why isn’t there more outrage over government policies that exacerbate the problem? There are hundreds of programs that increase poverty in America. Last week, at the Heritage Foundation forum on this very topic, my colleagues exposed many of these programs.
Economist Don Boudreaux of George Mason University unmasked two such policies. One is trade protectionism. Trade barriers raise prices and act as a regressive tax on Americans, Boudreaux explains. They also stunt the very process of innovation that makes goods and services widely available to people at affordable prices to begin with. Think about the consumers who shop for those everyday low prices at Wal-Mart: They’re not Hillary Clinton.
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