“The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we’ll have more middle-class people. But homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let you enter, and stay, in the middle class. Subsidizing the markers doesn’t produce the traits; if anything, it undermines them.”
Quote by Glenn Reynolds
Author
Glenn Reynolds
Glenn Reynolds, born on August 27, 1960, is an American law professor known for his extensive research and teaching experience in the fields of intellectual property, constitutional law, and internet law. He has held teaching positions at several renowned law schools and has authored numerous academic works on law and technology. more
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