Moynihan’s Family Arc

First, and most obviously, there must be a sizeable base of taxpayers not dependent on the government. Redistribution through government jobs relies upon a thriving private sector generating substantial profits and growing in size in order to fund the practice. If this dynamic does not hold, it is simply true that the redistributor will eventually, as Margaret Thatcher has pointed out, run out of other people’s money.

Second, and equally clearly, if we set up a system in which large numbers of people will be receiving government pensions and benefits during long retirements, then we must have a much larger number of people in the generations succeeding them who are able to pay taxes to support the retired class during their economically non-productive years.

via Touchstone Archives: Moynihan’s Family Arc.

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