A Quote by Henry Hazlitt
The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immorality and corruption, disillusionment, social resentment, discontent, upheaval and riots, bankruptcy, increased government controls, and eventual collapse.
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We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive redistribution.
Three-fifths to two-thirds of the federal budget consists of taking property from one American and giving it to another. Were a private person to do the same thing, we'd call it theft. When government does it, we euphemistically call it income redistribution, but that's exactly what thieves do - redistribute income. Income redistribution not only betrays the founders' vision, it's a sin in the eyes of God.
To Republicans, I humbly suggest that we make it possible for Democrats to give up their quest for redistribution of income and wealth by our acceptance of an appropriate role for government in financing those public goods and services necessary to secure a social safety net below which no American would be allowed to fall.
Jesus teaches the redistribution of wealth - as long as the transfer is voluntary. But he is adamantly opposed to the involuntary redistribution of wealth, because that violates the moral law of God and is profoundly wrong. His words to take care of the poor are not addressed to government, they are addressed to us.
Government income redistribution programs produce the same result as theft. In fact, that's what a thief does; he redistributes income. The difference between government and thievery is mostly a matter of legality.
More and more people are becoming aware that government has nothing to give them without first taking it away from somebody else-or from themselves. Increased handouts to selected groups mean merely increased taxes, or increased deficits and increased inflation.
The more one considers the matter, the clearer it becomes that redistribution is in effect far less a redistribution of free income from the richer to the poorer, as we imagined, than a redistribution of power from the individual to the State.
If all fossil fuel were to go POOF! tomorrow, the result would be a cataclysmic social upheaval, with food riots, warlords, shutdowns, breakdown of social order, water shortages, and outbreaks of bloodshed and disease.
The trick is figuring out how do we structure government systems that pool resources, and hence facilitate some [wealth] redistribution, because I actually believe in redistribution, at least at a certain level, to make sure that everybody's got a shot.
Much of American wealth is an illusion which is being secretly gnawed away and much of it will be completely wiped out in the near future....So what is the rest of your future? A grisly list of unpleasant events -- exploding inflation, price controls, erosion of your savings (eventually to nothing), a collapse of private as well as government pension programs, and eventually an international monetary holocaust which will sweep all paper currencies down the drain and turn the world upside down.
Liberals say they are for civil liberties and personal freedom, but they continue to advocate government regulation of business, redistribution of wealth, and various forms of social engineering to manipulate human relationships and attitudes.
When my family moved from Ireland in the 70s, Britain was such a difficult place to be Irish. It was a decade of real social and economic upheaval in Britain. There were strikes, the three-day week, the oil crises, huge inflation, the winter of discontent and, what was it, four Prime Ministers? And relations between Britain and Ireland at that time were at an all-time low. I was born in the year of Bloody Sunday and of course the pub bombings happened in the mid-1970s.
For every dollar of revenue generated by gambling, taxpayers must pay at least $3 in increased criminal justice costs, social welfare expenses, high regulatory costs, and increased infrastructure expenditures
While advocates of legalized gambling say it brings in revenues needed for education and other uses, it actually has led to higher taxes, loss of jobs, economic disruption of non-gambling businesses, increased crime and higher social-welfare costs
To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.
There are many countries in the world that when they reached the middle-income stage, they witnessed serious structural problems such as growth stagnation, a widening wealth gap and increasing social unrest.
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