"Why Vote Republican
..........."Back in the 1960s, a conservative sociologist named Edward Stanfield wrote a book on urban policy called The Unheavenly City. It was influenced, he told me, by the Austrian School, as shown by his analysis of social classes according to time horizons.
The more upper-class people are, he said, the more they care about their posterity and their society. Even if they have no children, they're future oriented. These people are the opposite of the Keynesians and their "in the long run we're all dead." Like Mises, they uphold the good and true, for the long term.
These are the savers and investors, the entrepreneurs and producers who make a capitalist economy hum. They're also the generous givers, people who make charitable contributions to preserve what's right, and change what's not, over the long term.
Further down the class scale, said Banfield, people are more present-oriented. And at the lower end, they are more likely to be on welfare or criminals. Those on the dole have little concern for tomorrow. As to the outlaws, when they want money, there's no thought of working for it. They grab your wallet.
One of the worst effects of the welfare state, Banfield showed, is to skew all of society's time horizons towards the lower class. Thanks to redistribution and giveaways, there is far less preparation for the future: too many people feel that the government will take care of them, and the Fed's inflation generates a live-for-the-moment attitude as well.
All this is, needless to say, extremely damaging for individuals, nations, and civilization in general. Those who can postpone consumption for the future are mature and prosperous; those who must have it now, no matter what the consequences, are childish and poor. We know where America is headed.
That puts an even greater burden on the responsible and farsighted. The struggle to push back statism, restore the free market, and rebuild a responsible society is a long-term one. It requires people who understand the value of ideas and their effect on our future.
(from: Ludwig von Mises Institute) "