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The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.
-Murray Rothbard
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The Best Way To Help The Poor

Murray Rothbard
The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.
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Jobs Saving Way

More From Murray Rothbard

The left does understand how raising taxes reduces economic activity. how about their desire for increasing cigarette taxes, soda taxes? what are they trying to do? get you to buy less. they know. they know that higher taxes reduce activity. it's real simple: if you want more of an activity, lower taxes on it. if you want less of an activity, raise taxes. so if you want more jobs? it's very simple. you lower payroll taxes. if you don't want as many jobs, then you raise corporate taxes. it's that simple, folks.
Real Simple Desire
When you live in a poor neighborhood, you are living in an area where you have poor schools. when you have poor schools, you have poor teachers. when you have poor teachers, you get a poor education. when you get a poor education, you can only work in a poor-paying job. and that poor-paying job enables you to live again in a poor neighborhood. so, it's a very vicious cycle.
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The nation's largest savings and loan, washington mutual, has become the biggest bank failure in history. see, the problem with the savings and loans? not enough savings, too many stupid loans, okay in fact, they changed their name from wamu to 'screw you.'
Stupid Names Facts
For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. that is clearly wrong. if all we want are jobs, we can create any number--for example, have people dig holes and then fill them up again, or perform other useless tasks. work is sometimes its own reward. mostly, however, it is the price we pay to get the things we want. our real objective is not just jobs but productive jobs--jobs that will mean more goods and services to consume.
Jobs Real Mean
Government investment unlocks a huge amount of private sector activity, but the basic research that we put into it work that led to the internet and lots of great companies and jobs, the basic work we put into the health care sector, where it's over $30 billion a year in r&d that led the biotech and pharma jobs. and it creates jobs and it creates new technologies that will be productized. but the government has to prime the pump here. the basic ideas, as in those other industries, start with government investment.
Jobs Technology Government
I do believe that india needs a lot more foreign direct investment than we've got, and we should have the ambition to move in the same league many other countries in our neighborhood are moving. we may not be able to reach where the chinese are today, but there is no reason why we should not think big about the role of foreign direct investment, particularly in the areas relating to infrastructure, where our needs for investment are very large. we need new initiatives, management skills, and i do believe that direct foreign investment can play a very important role.
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