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Tag Archives: wealth

Michael Medved: “Zero Sum Game” Distorts Thinking on Tax Cuts, Foreign Affairs

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As Congress debates immediate, substantial cuts in federal tax rates, liberal opponents invoke the discredited concept of a “zero sum game”—the idea that if one citizen gains, then another must lose, because they believe that one individual’s good fortune must always mean someone else’s misfortune.

This thinking ignores the way economic growth can benefit everyone; creation of wealth means more opportunities, not fewer, for everyone in the vicinity of the wealth creator.

Unfortunately, some conservative nationalists make similar mistakes regarding foreign affairs: believing that one nation’s progress, brings suffering for others. Instead, today’s global economy makes prosperity is contagious.

The United States has everything to gain from the economic advancement around the world: that means more markets for our producers, and more products for our consumers.

We should favor, not fear, the advancement of our neighbors down the block, as well as prosperity for peaceful nations on the other side of the world.

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Michael Medved: Contrasting Views On Wealth And Poverty

Opioid

A Pew Research study shows sharp contrasts between Republicans and Democrats in attitudes toward wealth and poverty. By more than three-to-one, Republicans say hard work, rather than a person’s advantages, explains why people are rich.

Among Democrats, only 29 percent agree about the value of hard work, while 60 percent say financial success comes from “advantages in life.” In explaining poverty, 56 percent of Republicans cite “lack of effort” but only 19 percent of Democrats agree with them.

Surprisingly, ideology has more influence on attitudes toward wealth and poverty than does current economic status. Nearly a third of low-income respondents admit “lack of effort” explains poverty, while 37 percent of high earners see their good fortune as based on undeserved “advantages in life.”

These results suggest that our approaches toward rich and poor stem more from world-view, values and inclination—rather than current standing or personal experience.

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Michael Medved: Contrasting Views On Wealth And Poverty

Opioid

A Pew Research study shows sharp contrasts between Republicans and Democrats in attitudes toward wealth and poverty. By more than three-to-one, Republicans say hard work, rather than a person’s advantages, explains why people are rich.

Among Democrats, only 29 percent agree about the value of hard work, while 60 percent say financial success comes from “advantages in life.” In explaining poverty, 56 percent of Republicans cite “lack of effort” but only 19 percent of Democrats agree with them.

Surprisingly, ideology has more influence on attitudes toward wealth and poverty than does current economic status. Nearly a third of low-income respondents admit “lack of effort” explains poverty, while 37 percent of high earners see their good fortune as based on undeserved “advantages in life.”

These results suggest that our approaches toward rich and poor stem more from world-view, values and inclination—rather than current standing or personal experience.

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