Rick Kelo Considers Economic Mobility

Rick Kelo is concerened that most Americans are unaware, due to the problem-inventing / fear-mongering from politicians who need something to promise to fix in order to get votes, that economic mobility in our country is very high.

Rick Kelo

Someone born into the lower class, which in economics refers to the bottom quintile of income distribution, is more likely to reach a higher income quintile than they are to remain in the lower class they were born into, notes Richard Kelo.

Rick Kelo also noted that many of the persistent & gripping effects of inter-generational poverty stem from interventions against the market.  The governmental welfare apparatus has become literally a machine for producing poor people & keeping them poor due to the fact it is loaded what public choice economists call 'perverse incentives.'  The government monopoly on schools is just as bad.  Ask yourself this: when you go into a poor neighborhood you will see many fancy cars.  You will not see any fancy schools.

The difference?

Cars are provided by markets, schools by government.