Data Show That Poverty in the U.S. Was Plummeting-Until Lyndon Johnson Declared War On It | Daniel J. Mitchell
Bad tax laws also discourage labor. High marginal tax rates penalize peoplefor being productive, and this can be especially counterproductive forentrepreneurship and innovation. Still, we shouldn't overlook how government discourages low-income people from being productively employed. But the problem is more on the spending side of the fiscal equation.
Socialism is extremely in vogue. Opinion pieces which tell us to stop obsessing over socialism's past failures, and start to get excited about its future potential, have almost become a genre in its own right. But ultimately, the contemporary argument for socialism boils down to: "next time will be different because we say so."