A Quote by Alan Greenspan
Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
Related Quotes
The welfare state corrupts family life. Even Democrats have acknowledged the destructive consequences of the welfare state on the underclass. It has rendered vast numbers of male unnecessary to females, who have looked to the state to support them and their children (and the more children, the more state support) rather than to husbands. In effect, these women took the state as their husband.
The welfare state is institutionalized crime - 'organized plunder,' as the French economist Frederic Bastiat called it. It systematizes what is intrinsically wrong: forcing some people to support others. The Democrats favor the indefinite expansion of the welfare state, perpetually increasing the ratio of force to freedom in society.
The welfare state is an enemy of private property. The excessive taxation used to support the welfare state is extremely dangerous.
General welfare is a general condition - maybe sound currency is general welfare, maybe markets, maybe judicial system, maybe a national defense, but this is specific welfare. This justifies the whole welfare state - the military industrial complex, the welfare to foreigners, the welfare state that imprisons our people and impoverishes our people and gives us our recession.
The state is therefore everyone; the rules within the state are laws which safeguard the welfare of all and which must originate from the welfare of all.
An indictment of entitlements has to focus on the huge 'social wealth' that the welfare state creates at the stroke of the pen. Yet statistical tests of the effects of welfare spending on employment yield erratic results.
But let it not be said that we did nothing. Let not those who love the power of the welfare/warfare state label the dissenters of authoritarianism as unpatriotic or uncaring. Patriotism is more closely linked to dissent than it is to conformity and a blind desire for safety and security. Understanding the magnificent rewards of a free society makes us unbashful in its promotion, fully realizing that maximum wealth is created and the greatest chance for peace comes from a society respectful of individual liberty.
I believe that the Welfare State redistributes poverty and reduces income. As Karl Kraus once said of psychoanalysis, the Welfare State is the disease which it purports to cure.
The greatest obstacle to the welfare state is not greed but private charity that makes the welfare state irrelevant; the greatest obstacle to re-education of children in the name of the collective is allegiance to a higher power. More than that, the greatest obstacle to the state as god is an actual God above the state.
The problem of how we finance the welfare state should not obscure a separate issue: if each person thinks he has an inalienable right to welfare, no matter what happens to the world, that's not equity, it's just creating a society where you can't ask anything of people.
Between 1965 (the beginning of LBJ's "Great Society") and 1994, welfare spending has cost the taxpayers $5.4 trillion in constant 1993 dollars. The War on Poverty has cost us 70 % more than the total price tag for defeating both Germany and Japan in World War II, after adjusting for inflation. Many believe that Welfare has destroyed millions of families and cost a huge portion of our national wealth in the process.
The State, of course, is absolutely indispensable to the preservation of law and order, and the promotion of peace and social cooperation. What is unnecessary and evil, what abridges the liberty and threatens the true welfare of the individual, is the State that has usurped excessive powers and grown beyond its legitimate function - the super-State, the socialist State, the redistributive State, in brief, the ironically misnamed 'Welfare State.'
American critics of welfare statism are often surprised to learn that countries like West Germany, with a much more comprehensive welfare state and a statistically larger public sector, have fewer government employees per capita than the United States does.
Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.
This is not to say that the government should confiscate from the "haves" and bestow upon the "have-nots", beyond the requirements of a compassionate welfare program to provide for those who cannot provide for themselves. Far from it. But it is to say that our duty is to foster a strong, vibrant wealth-producing economy which operates in such a way that new additions to wealth accrue to those who presently have little or no ownership stake in their country.
The ‘Great Society’ has not worked and it’s put us into the modern welfare state. If you look at China, they don’t have food stamps. If you look at China, they’re in a very different situation. They save for their own retirement security…they don’t have the modern welfare state and China’s growing. And so what I would do is look at the programs that LBJ gave us with the Great Society and they’d be gone.
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