Prager 5-Minute Video - The Real Tragedy of the Welfare State (04/06/26, video 05:36, includes transcript)
prageru.com/videos/the-…
From the Transcript…
Does America, the richest country on earth, have a poverty problem? Are vast numbers of people going without shelter or food? Are poor children suffering from malnutrition?
If you read the headlines, you might believe this is true. It’s not.
America’s “poverty crisis” is fiction—a myth manufactured to make us feel like we’re not doing enough to help “the unfortunate.”
We should feel bad about our treatment of the poor. We are doing them a terrible disservice. But not for the reason you think.
So, where does the myth come from? It comes from an accounting trick.
Watch and find out.
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