Economic Growth, Not Redistribution, Most Benefits the Poor, Working People, and the Middle Class
This column by ACRU General Counsel and Senior Fellow for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published November 15, 2012 on Forbes.com.
Stephen Moore and Julian L. Simon note in their underappreciated work, It’s Getting Better All the Time: 100 Greatest Trends of the Last 100 Years, that in the last century,1900 to 2000, real per capita GDP in America grew by nearly 7 times, meaning the American standard of living grew by that much as well. The authors explain,
“It is hard for us to imagine, for example, that in 1900 less than one in five […]

