Why Socialism Doesn’t Work
February 13, 2009 – 5:55 am
A friend of mine sent me the following quote from an economist friend of his uncle’s. It is definitely a timely and wise pearl of wisdom.
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom.
What one person receives without working for, another person must work for without receiving.
The government cannot give to anybody anything that the government does not first take from somebody else.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation.
You cannot multiply wealth by dividing it.”
One Response to “Why Socialism Doesn’t Work”
Also a good explanation of why the bailouts for banks are wrong, too.
But socialism is not primarily about redistribution, FYI – it’s about worker / public ownership of the means of production.
By Non-Law Enforcement Professional on Mar 15, 2009