Milton Friedman's Theory: The Robin Hood Myth
Channel: Sprouts
Date: 2023-03-09

Learn about the Robin Hood myth and Friedman's opinion on social welfare, in this 3:42 minute long video lesson.

Government welfare programs support the poor at the expense of the rich  — most would think. Economist Milton Friedman called this the Robin Hood Myth. He cites state-funded higher education as an example, pointing out that it's often people from higher-middle class families who benefit the most, while low-income taxpayers end up paying for their education. What are you thinking? Was he right?

SUPPORT us to understand more about the society we live in! 
https://www.patreon.com/sprouts 🐦:

DOWNLOAD video without ads and background music 🤫:
https://sproutsschools.com/video-lessons/

SIGN UP to our mailing list and never miss a new video from us 🔔:
http://eepurl.com/dNU4BQ 

SOURCES and teaching resources 🎓:
Link to blog post on Sprouts website is coming soon!

VISIT our website 🌐:
https://www.sproutsschools.com

CONTRIBUTE by upvoting your favorite topic or suggesting new ones☑️ :
https://sprouts.featureupvote.com/

ORIGINAL TITLE
The Robin Hood Myth

THANKS to our patrons
This video was made with the support of our Patrons: 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, ICH KANN DEUTSCH UND ES WAR EINFACH!, 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! To join them visit www.patreon.com/sprouts

COLLABORATORS
Script: Jonas Koblin 
Editor: Morgan Lizop
Artist: Pascal Gaggelli
Voice: Matt Abbott
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Production: Selina Bador
Sound Design: Miguel Ojeda
Fact Checking: Ludovico Saint Amour di Chanaz

SOUNDTRACKS
Midnight Mischief - Jonathan Boyle 
Badly Behaved - Shaun Frearson

DIG DEEPER with these top videos, games and resources:
Watch Milton Friedman explain the Robbin Hood myth in his own words.
https://www.youtube.com/watch?v=xNc-xhH8kkk

Listen to Angus Deaton on Inequality, Trade, and the Robin Hood Principle,
https://www.econtalk.org/angus-deaton-on-inequality-trade-and-the-robin-hood-principle/

Read about how education affects voter turnout in elections.
https://www.jstor.org/stable/25791906

Was Friedmon wrong? This research shows that a rising number of college students come from underprivileged backgrounds.
https://www.pewresearch.org/social-trends/2019/05/22/a-rising-share-of-undergraduates-are-from-poor-families-especially-at-less-selective-colleges/

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 ACTIVITY
Visit our website to access suggested exercise for the class on this topic!

CHAPTER
00:00 Introduction
00:21 Robin Hood Myth
00:38 Director's law
01:45 State-financed higher education facts
02:57 What do you think?
03:17 Patrons credits
04:21 Ending

#sproutslearning #robinhoodmyth #middleclass #socialwelfare #miltonfriedman #directorlaw