The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we’ll have more middle-class people. But homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let you enter, and stay, in the middle class. Subsidizing the markers doesn’t produce the traits; if anything, it undermines them.
Glenn Reynolds, Instapundit.com, 2010-09-23.
April 13, 2018
QotD: Reynolds’ Law
Comments Off on QotD: Reynolds’ Law
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
