{"id":22338,"date":"2005-01-03T01:01:01","date_gmt":"2011-05-19T07:00:18","guid":{"rendered":""},"modified":"2011-05-19T07:00:18","modified_gmt":"2011-05-19T07:00:18","slug":"redistribute_capitalism_not_wealth","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2005\/01\/03\/redistribute_capitalism_not_wealth\/","title":{"rendered":"Redistribute Capitalism, Not Wealth"},"content":{"rendered":"
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(Eye of the Tiger bumper music) <\/line>I want to go back to last hour, and you\u2019ll recall that one of the points I wanted to dwell on and focus on last hour was the fact that this disaster relief effort is, when you get right down, when you strip everything away and look at it at its fundamental, economic terms, it is nothing more than the redistribution of wealth. Now, that\u2019s all fine and dandy. It\u2019s disaster relief. This is different if it were development aid. This is the wrong way to give development aid. Development aid is the kind of money that you invest in countries that they in turn will invest in their own growth so that they become wealth-creating<\/emphasize> societies. That\u2019s not what this is. This will go a long way to helping in that regard if it\u2019s used right, but there\u2019s also a giant opportunity for corruption if the amounts of aid money in clumps are too large. It\u2019s just too big a prize. You\u2019re going to have corrupt bureaucrats trying to get as much of it in their hands as they can and siphon it away from where it\u2019s intended to go. So, you know, I\u2019ll be interested to see — probably never will learn this, but I\u2019d love to see what the net figure is compared to the gross; whatever we actually end up donating to this relief effort — what actually gets there. <\/line> We\u2019ll probably never know this, but I\u2019ll guarantee you it won\u2019t be anywhere near the total that\u2019s donated. But that\u2019s another discussion. This whole point of we\u2019re in the midst of wealth redistribution, the left loves this. It\u2019s one of the reasons they love disasters, because they love the whole idea of wealth redistribution. But <\/emphasize>you cannot distribute wealth or redistribute it unless what happens first? It has to be created. Sure, the U.S. is going to give 350 million, governmentally, and that\u2019s probably not the last figure. Privately, U.S. citizens are going to donate even more, probably double that amount before it\u2019s all said and done. Where does this money come from? You know, it\u2019s one thing for their little jerks at the UN like this Jan Egeland character to go on the air and call everybody “stingy,” demand all this money, fine? He can demand because somebody\u2019s created it, but he can only go one place in the world, folks, and make that demand because there\u2019s only one place in the world genuinely that creates enough wealth to have enough for disasters like that, and that\u2019s us: the United States of America. <\/line><\/p>\n

So the real point of this, to me, as a great economic exercise, is to note that the real important thing that makes all this possible is the creation of wealth. Now, alongside that, I have an interesting story that cleared yesterday from, of all places, the San Francisco Chronicle, and it is a piece by Jim Klauder, who is a vice president for the Foundation for Teaching Economics, which is a nonprofit organization dedicated to improving economic understanding amongst the peoples of the world, and listen to some of this. Here\u2019s the headline to the story<\/a>: “Ignorance Shrouds Capitalism\u2019s Profound Impact on Reducing Poverty ? It should come as heartening news that 2004 was one of the most prosperous years in history. Not because the U.S. economy grew by a solid 4.3%, but because developing countries experienced an explosive 6.1% economic growth. According to a recent study by the World Bank, 2004\u2019s growth reflected ‘an expansion without precedent over the past 30 years.\u2019 Equally encouraging, the report notes that ‘the rapid growth of developing economies … has produced a spectacular, if not historic, fall in poverty.\u2019 <\/line>“Amazingly, the World Bank report did not get much coverage in our mainstream media. It seems the press was more interested in covering the evils of globalization than in taking notice of how world trade — which grew by an astounding 10.2% this year,” last year, actually, “is driving economic growth.” Now, “When Americans do hear about the World Bank, it\u2019s usually because an unruly mob is protesting against it. The protesters are long on rhetoric but short on facts. But it\u2019s not just protesters who are misguided. Many of our nation\u2019s teachers also don\u2019t realize why poverty in developing countries is declining at such a rapid rate.” It\u2019s not because of the redistribution of wealth. It\u2019s because of the redistribution of resources and the redistribution of capitalism<\/emphasize>, something I have long advocated on this program. We don\u2019t need any more wealth redistribution. We need a more widespread distribution of capitalism, and it\u2019s happening. “Far too often,” Mr. Klauder writes, “teachers are uneasy when they realize that free markets are the best way to help those in poverty.”<\/line><\/a> Now, we could assume for the sake of this discussion that poverty has descended upon the surviving victims of the tsunami area, correct? All right, so what\u2019s the best way to help these people back on their feet? It\u2019s not the redistribution of wealth. Sure there needs to be some disaster relief, but some of this money could arguably be better spent in helping these nations affected rebuild their economies and get them going again — and as such, I found it appalling — I must admit this — I found it appalling that people were shocked that two days after the tsunami, people were out on these new beaches sun bathing. Why the hell not? The tourism business and the travel and leisure business in parts of these countries were hard hit. It\u2019s not the biggest industry they have but it\u2019s still a big industry and if people were already coming back and flocking and some of them willing to pay and go sunbathe and sleep on the beach or whatever, fine, so what? I saw the headline, “Sun Bathing in Hell<\/a>,” it said on the Drudge Report<\/a> and that was about people just couldn\u2019t believe this. But what are we supposed to do? What are people supposed to sit around and mourn for how many months or weeks or day before they go back to living their lives? <\/line>“Maybe they should be out helping the relief effort instead of getting out there and soaking up the rays and so forth?” but I\u2019ll guarantee you, at the root of it was economics — and, again, economics woefully taught, ineptly taught. And so we find here that the distribution of capitalism around the world is having a profound effect on the reduction of poverty. “At the Foundation for Teaching Economics, we\u2019ve been demonstrating…” This is Mr. Klauder writing. “…been demonstrating the importance of free markets when we conduct professional development seminars for teachers around the country. We provide teachers with information and curriculum materials that address the question, ‘Is capitalism good for the poor?'” You might be saying, “Huh?” Yeah, that\u2019s how bad it\u2019s gotten. This has become a seminar for teachers. They have to be taught themselves that capitalism is good for the poor because they think it\u2019s bad. They think capitalism is bad. It\u2019s like the left\u2019s definition of trickle-down economics. The left defines trickle-down economics as the rich leaving their homes, going to the park, robbing the homeless of what they have, and getting even richer. <\/line>I know it makes no sense, but that\u2019s how they argue it. They argue that rich people become rich because they steal from the poor or they deprive the poor of their “fair share” or what have you. It\u2019s bogus. It\u2019s outrageous. It\u2019s stupid. The poor get out of poverty by virtue of capitalism and opportunity: the creation of wealth, and that\u2019s why. You know, people — Michael Barone has a great piece<\/a> in the latest, I think it\u2019s U.S. News, compares how Clinton and Hillary failed with their health care reform in \u201993 and ‘4 but that Bush might succeed with Social Security reform, and the reason for the difference is that the country was in no way interested in nationalized medicine. The country in no way wanted to nationalize one-seventh of this economy and put it under the control of the Clintons or any other government bureaucrats. But, if you look at the direction our culture and society are moving, this is an investment society; it is an ownership society, that we are more in tune now with the possibility of private investment accounts for Social Security than we were for national health care. He thinks it may have a greater chance of passage than anybody is giving it credit for, simply because the direction our culture is going. This culture, if spread to the rest of the world, would be the greatest thing that could happen for the people of the rest of the world. <\/line>END TRANSCRIPT<\/line><\/p>\n

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(Eye of the Tiger bumper music) I want to go back to last hour, and you\u2019ll recall that one of the points I wanted to dwell on and focus on last hour was the fact that this disaster relief effort is, when you get right down, when you strip everything away and look at it […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nRedistribute Capitalism, Not Wealth - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2005\/01\/03\/redistribute_capitalism_not_wealth\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Redistribute Capitalism, Not Wealth - 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