Economic freedom (how not to be poor)

Amidst all the moralizing you will hear from racial agitators on the left this MLK Day, you’ll likely not hear a single one rejoice over the record low black unemployment, increased black homeownership & the economic freedom this engenders. Most of what you’ll hear is victimhood. What a shame, because economic freedom is a major centerpiece to achieving the equality liberals say they’re all about.

Back in 2005, economist Walter E. Williams penned a column “How not to be poor.” Here he lays out a simple list of 4 things a person can do to very nearly ensure he will not be poor.

Avoiding long-term poverty is not rocket science. First, graduate from high school. Second, get married before you have children, and stay married. Third, work at any kind of job, even one that starts out paying the minimum wage. And, finally, avoid engaging in criminal behavior.

Sadly, you will rarely (if ever) hear a liberal Democrat, black or white, make these arguments. Typically, poverty is the fault of rich people, or white people, or capitalism, or corporations, or Republicans, or an amalgam of similarly perceived evils. And the only way out of poverty is through massive transfers of wealth and government-mandated minimum wage laws. None of these actually cures poverty, and, in fact, government involvement almost always exacerbates whatever problems it attempts to alleviate.


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