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It would take little more than $50 billion to raise every poor person above the official poverty line, yet the percentage of the population classified as poor hardly budges, while annual welfare spending amounts to four times that much. Where's the money going?
Robert Higgs (more quotes by Robert Higgs or books by/about Robert Higgs)
(1944- ) American economic historian, economist of the Austrian School
The Myth of "Failed" Policies, The Free Market, June 1995.
Corruption, Economics, Plunder, Poverty, Welfare