A Short Primer on Economic Growth

Unless affirmative teams advocate a consumption tax, virtually all proposals to redistribute income from the top of the income ladder to the bottom will involve taxing (and therefore reducing) capital.

It is an economic truism that capital is needed to make investments which are a prerequisite for increasing worker productivity, which is a prerequisite for raising the average income of workers. That is to say, capital is essential for economic growth.

Economic growth is the most powerful anti-poverty weapon ever discovered. So consuming capital today makes poor people poorer in future years.

Some might question whether economic growth is unambiguously good. Here are two short videos explaining why growth is unquestionably good – everywhere in the world:





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