But this is exactly what President Donald Trump is doing with his executive order, “Reducing Poverty in America by Promoting Opportunity and Economic Mobility.”
We’re now spending more than $700 billion per year on low-income assistance, which is more than we are spending on our national defense. And there are plenty of reasons to believe this spending is inefficient, wasteful, and counterproductive.
Over the last half-century, some $22 trillion has been spent on anti-poverty programs and yet the percentage of poor in this nation remains unchanged. And it is not only a matter of the percentage staying the same but also that the people and families who are born poor stay that way.
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