The Pelosi Principle
By TERENCE P. JEFFREY (Editor’s Note: This column was released March 15, one day before the House Budget Committee narrowly approved the Republican health-care bill.) + + + Suppose the federal government confiscated 90 percent of the income of every private sector worker who earned more than the poverty level. Then suppose the government used some of that confiscated money to pay government workers and the rest to provide benefits to people who do not work or earn less than the poverty level. Would that be a transfer of wealth? If so, would that transfer of wealth go from those whose money the government confiscated to those who received it? Or from those who received it to those forced to…Continue Reading