The Robin Hood Myth - Milton Friedman's Theory

State social programs help the poor at the expense of the rich - or so one might think. The economist Milton Friedman called this the Robin Hood myth. As an example, he cited state-funded higher education, pointing out that people from upper-middle-class families often benefit the most, while low-income taxpayers end up paying for their education. What do you think? Is he right? Become a "Change Maker" and support Sprouts with a membership: / @sproutsdeutschland Support us - we're on Patreon! 🎁 https://bit.ly/3MqY00D Don't miss a new video with our newsletter: http://eepurl.com/dNU4BQ THANK YOU, PATREONS! 🙏 (Update on 27/OCT/2022) This video was created with the support of our sponsors: Alex Rodriguez, Andrea Basillio Rava, Angela, ArkiTechy, Artur, azad bel, Badrah, Cedric.Wang, Daniele Diniz, David Markham, Delandric Webb, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Eva Marie Koblin, Fatenah G Issa, Floris Devreese, Frari63, Gerry Labelle, Ginger, Harmoniac Design, I CAN GERMAN AND IT WAS EASY! Jana Heinze, Jannes Kroon, Jeffrey Cassianna, Jim Pilgrim, Joanne Doyle, John Burghardt, Jonathan Schwarz, Jorge Luis Mejia Velazquez, jun omar ebdane, Khadijah Sellers, Leonel, Linus Linderoth, Liskaya, Marcel, María, martin, Mathis Nu, Mezes. Macko, Michael Paradis, Mindozone, Natalie O'Brien, Nick Valerio, Nicki, Okan Elibol, Oweeda Newton, Peter Bishop, Raymond Fujioka, Roel Vermeulen, Scott Gregory, scripz, Sebastian Huaytan Meder, Si, Stefan Gros, Stephen Clark, Stuart Bishop, Susan Schuster, Takashi HIROSE, Thomas Aschan, Tristan Scifo, Victor Paweletz, Yvonne Clapham, Zlatko Minev and all the others. Thank you very much! To participate: www.patreon.com/sprouts OUR CHANNELS English channel / sproutsvideos German Channel / sproutsdeutschland Spanish Canal / sproutsespañol And many more: www.sproutsschools.com SPROUTS TEAM Screenplay: Jonas Koblin Editing: Morgan Lizop Artists: Pascal Gaggelli Voice: Christian "Beppo" Peters Coloration: Nalin Editing: Peera Lertsukittipongsa Production: Selina Bador Sound design: Miguel Ojeda Fact check: Ludovico Saint Amour di Chanaz Translation: Gunnar Selm MUSIC Midnight Mischief - Jonathan Boyle Badly Behaved - Shaun Frearson Deepen your knowledge with these great videos, games, and resources: Watch Milton Friedman explain the Robbin Hood myth in his own words. Listen to what Angus Deaton has to say about inequality, trade, and the Robin Hood principle, Read how education influences voter turnout. Was Friedmon wrong? This study shows that more and more students come from disadvantaged families. SOURCES https://en.wikipedia.org/wiki/Milton_Friedman https://en.wikipedia.org/wiki/Director%27s_law https://www.youtube.com/watch?v=xNc-xhH8kkk CLASSROOM EXERCISE In the following exercise, students will learn about the Robin Hood myth and the principal's law. Ask the class who they think benefits most from government social programs. Watch the Sprouts video about the Robin Hood mythos in class. Share the following insights with the class: The recent elections in the U.S. showed that people with college degrees are more likely to favor social measures such as free education. Highly educated people are also more likely to vote than people without a university degree. Then discuss how these factors can change or influence Friedman's theory. Ask the class to what extent other factors play a role when governments decide on social measures, e.g. lobbies (weapons, tobacco) or demonstrations (Black Lives Matter). Then ask the class if they think Friedman's theory can be applied to modern politics, what it can be used for, and what its limitations are. Finally, you can ask the class what choices they would make to ensure that social programs truly benefit the poor instead of benefiting the middle class. LICENSE Creative Commons CC-BY-NC More information here: https://sproutsschools.com/ Original: "Sprouts Germany" Original: German. All translations in this video have been done by the alugha AI.

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