Thursday, August 7, 2008

States Reinvent the (Broken) Wheel 

By John LaPlante

Filed As:  Budget and Tax

Stateline says that a number of states are undertaking new efforts with the aim of "breaking the generational cycle of poverty."

The 60s live again?

Certainly there are things that governments can do to open the prospects for a better standard of living. But I suspect that the efforts mentioned in the article won't do the trick, with money wasted on moral hazard and on the professional welfare-delivery class.

One sign that there's less than meets the eye: Some people are calling for redefining poverty up. 

 

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