Wednesday, September 01, 2010

Obama's economic theory, illustrated

This photo of a building in Madrid (artist: Blu) depicts an infinite cycle of pickpocketing:
Alberto de Pedro has more photos of this building here (Hat tip: LaughingSquid).

This seems to capture the American liberal/Democrat view of economics: tax one person to give benefits to the next person. This is the zero-sum view of economics which fails to understand redistribution alone cannot make for a successful economic system: somewhere there have to be people doing productive activities.

PREVIOUSLY on the subject of Obamanomics and how it differs from economics:
Obamacare endangers student health
Why business isn't hiring
Dodd-Frank finance "reform" bill stops bond market cold
Why unemployment insurance must be extended (illustrated)
Obamanomics still failing, Washington Post discovers
Russia goes supply-side
Study: Liberals are economically illiterate
Obama's health care and economic policies explained
Obama modeling US economy after Europe's
Irresponsibility pays!
Obamanomics prolonging the recession
US Aaa bond rating threatened by Obama's budget says Moody's
Obamanomics illustrated II
How Dems are prolonging the recession
How Obamanomics destroys jobs
Obamanomics illustrated
Deficits: Obama goes where no man has gone before (illustration)
How to raise the standard of living
Obama's anti-intellectual economic theory
Obamanomics and the test of science
Obamacare may raise insurance costs by 54%
Harvard economist explains why Obamacare will raise premiums
HHS says Obamacare will cause costs to go up and cause employers to drop coverage

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