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Mar 31

Government has been pouring on regulations to ‘help the poor,’ yet the poor and minorities are poorer than ever

poverty

Government supremacists routinely argue for more government to ‘help the poor.’ Yet government regulations invariably harm the poor and cement the positions of the rich.

Since the beginning of 21st century, the U.S. government has become increasingly “progressive”: with more regulations, higher tax rates, and a greater tax burden on ‘the rich.’

Yet “acccording to the Federal Reserve, while white households’ median wealth slightly increased from 2010 to 2013, Hispanic households’ net worth dropped 14 percent, while black net worth fell from $16,600 to $11,000 — a three-year drop of 34 percent.” See here.

The poor increasingly face difficulties due to government licensing schemes–which generally make it difficult for people with criminal records or few resources to work in rewarding industries.