The Essential Function Of The

Today Is Already The Tomorrow Which The Bad Economist Yesterday Urged Us To Ignore.

More And More People Are Becoming Aware That Government Has Nothing To Give Them Without First Taking It Away From Somebody Else-or From Themselves. Increased Handouts To Selected Groups Mean Merely Increased Taxes, Or Increased Deficits And Increased Inflation.

Socialists Will Often Talk As If Some Form Of Superbly Equalized Destitution Were Preferable To "maldistributed" Plenty. A National Income That Is Rapidly Growing In Absolute Terms For Practically Everyone Will Be Deplored Because It Is Making The Rich Richer.

Practically All Government Attempts To Redistribute Wealth And Income Tend To Smother Productive Incentives And Lead Toward General Impoverishment.

The Long-run Historical Tendency Of Capitalism Has Not Only Been To Increase Real Incomes More Or Less Proportionately Nearly All Along The Line, But To Benefit The Masses Even More Than The Rich.