Friday, January 13, 2012
The "allowance from my rich parents" view of the economy
One thing I've noticed both in the current debate about waterfront development in Alexandria and in discussions with LGBT lefties is that many people have what I call an "allowance from my rich parents" view of the economy. Such people seem to assume that because wealth just happened to some people, wealth just happens, so that we do not need to generate wealth before redistributing it or otherwise spending it on our pet projects. In other words, there is no point in asking where the rich parents got their money; just as it's turtles all the way down, it's trustafarians all the way back.