Federal government redistribution programs don’t work.
We’ve ignored the lessons of history about the dangers of government intervention, so is it any mystery that we now have millions of people mired in dependency.
Yet some people in Washington want to double down on failure.
Chris Edwards of the Cato Institute, joined by Veronique de Rugy of the Mercatus Center, are understandably distressed that so many politicians – on both sides of the aisle – want to expand the amount of money being redistributed by the federal government. In a new Tax and Budget Bulletin, they make a very compelling case that the so-called earned income tax credit should be abolished rather than expanded.
Here’s the big picture.
…the earned income tax credit (EITC)…is a huge program. In 2015 it will provide an estimated $69 billion in benefits to 28 million recipients. The EITC is the largest federal cash…
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Utopia, you are standing in it! 
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