Envy-Driven Economics

06.05.2016 • Politics and War

From Bill Bonner’s Diary (USA) – The trouble with taking something away from your neighbor is that then he tries to take something away from you. Pretty soon, you are both spending so much of your time trying to enact rules and regulations that penalize one group and reward another that neither of you is producing more wealth. One group gets a subsidy for its products. Another gets a government contract. Another gets medical coverage, paid for by “the government.” And still another gets a tax credit. Then, they stand on tiptoes and look over the fence at the community next door… where people have been busy producing wealth rather than taking it from one another… and they are both even more envious.

-Read More at BonnerandPartners.com (English)-

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