A Quote by Richard Allen Epstein
The pillars of classical liberalism call for flat taxes, with revenues put to limited uses; strong property rights; and free markets.
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If you really want to help the rest of the world, what you've got to do is encourage free markets, private property rights and the strong rule of law and get rid of the dictators in a lot of these countries.
Classical liberalism is the idea that individual freedom and limited government are the best way for humans to form a free society.
My position as regards the monied interests can be put in a few words. In every civilized society property rights must be carefully safeguarded; ordinarily and in the great majority of cases, human rights and property rights are fundamentally and in the long run, identical; but when it clearly appears that there is a real conflict between them, human rights must have the upper hand; for property belongs to man and not man to property.
I'd like to talk about free markets. Information in the computer age is the last genuine free market left on earth except those free markets where indigenous people are still surviving. And that's basically becoming limited.
Free institutions are not the property of any majority. They do not confer upon majorities unlimited powers. The rights of the majority are limited rights. They are limited not only by the constitutional guarantees but by the moral principle implied in those guarantees. That principle is that men may not use the facilities of liberty to impair them. No man may invoke a right in order to destroy it.
It is not uncommon to suppose that the free exchange of property in markets and capitalism are one and the same. They are not. While capitalism operates through the free market, free markets don't require capitalism.
Between income taxes and employment taxes, capital gains taxes, estate taxes, corporate taxes, property taxes, Social Security taxes, we're being taxed to death.
If we would have civilization and the exertion indispensable to its success, we must have property; if we have property, we must have its rights; if we have the rights of property, we must take those consequences of the rights of property which are inseparable from the rights themselves.
In the latter sense, a man has a property in his opinions and the free communication of them. He has a property of peculiar value in his religious opinions, and in the profession and practice dictated by them. He has an equal property in the free use of his faculties and free choice of the objects on which to employ them. In a word, as a man is said to have a right to his property, he may be equally said to have a property in his rights.
I thought of myself as an atheist until I realized it was a belief, too. It's a shame everything has to have a label. I feel that if I was figuratively dropped on the Earth and there was a political line, I would be just left of center. The difference for me is that conservatives are more interested in property values and rights and free markets, and liberals are more interested in human rights. In the end, there are people who don't fit into the marketplace and are not equipped. I believe the government should step in where the free market fails.
The American political scientist Francis Fukuyama has argued that liberal democracies, with their political freedom and economic success, have three important pillars: a strong government, the rule of law, and democratic accountability. I would add a fourth: free markets.
Let me respond with a few points, the first being that all immigrants pay taxes, income taxes, property taxes, sales taxes, gasoline taxes, cigarette taxes, every tax when they make a purchase.
We hold that the ownership of private property is the right and privilege of every American citizen and is one of the foundation stones upon which this nation and its free enterprise system has been built and has prospered. We feel that private property rights and human rights are inseparable and indivisible. Only in those nations that guarantee the right of ownership of private property as basic and sacred under their law is there any recognition of human rights.
Arthur Laffer's idea, that lowering taxes could increase revenues, was logically correct. If tax rates are high enough, then people will go to such lengths to avoid them that cutting taxes can increase revenues. What he was wrong about was in thinking that income tax rates were already so high in the 1970s that cutting them would raise revenues.
Property rights can improve a woman's ability to stand up to violence in the home. You might think education and employment are important because they give women exit options, but property is as well. Give women equal property rights to inherited land, then they have an asset they can take out of the marriage. This gives husbands strong incentives to not beat them.
A free culture supports and protects creators and innovators. It does this directly by granting intellectual property rights. But it does so indirectly by limiting the reach of those rights, to guarantee that follow-on creators and innovators remain as free as possible from the control of the past. A free culture is not a culture without property, just as a free market is not a market in which everything is free. The opposite of a free culture is a "permission culture" -- a culture in which creators get to create only with the permission of the powerful, or of creators from the past.
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