A Quote by Thomas Sowell
The welfare state is the oldest con game in the world. First you take people's money away quietly, and then you give some of it back to them flamboyantly.
Related Quotes
Doing good with other people's money has two basic flaws. In the first place, you never spend anybody else's money as carefully as you spend your own. So a large fraction of that money is inevitably wasted. In the second place, and equally important, you cannot do good with other people's money unless you first get the money away from them. So that force - sending a policeman to take the money from somebody's pocket - is fundamentally at the basis of the philosophy of the welfare state.
Then there was communism's weak-tea sister, socialism. Socialists maintained that we shouldn't take all the money away from all the people since all the people don't have money. We should take all the money away from only the people who make money. Then, when we run out of that, we could take more money from the people who...hey, wait! Where'd you people go? What do you mean you're "tax exiles in Monaco?"
Banking was conceived in iniquity and born in sin... Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again... Take this great power away from them and all the great fortunes like mine will disappear and they ought to disappear, for then this would be a better and happier world to live in... But, if you want to continue to be a slave of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit.
The welfare state is predicate don collecting money from today's workers in order to pay for those who paid in before them. But today's workers don't have enough money to sustain the scheme, and there are too few of them to do so. As a result, virtually every welfare state in Europe, and many American states, like California are going broke.
The people with very hard problems are understood by God. He knows what wretched machines they are trying to drive. Some day he will fling them away and give those people new ones; then they may astonish everyone, for they learned their driving in a hard school. Some of the last will be first and some of the first will be last.
Whenever you try to do good with someone else's money, you are committed to using force. How can you do good with somebody else's money, unless you first take it away from them? The only way you can take it away from them is the threat of force: you have a policeman, tax collector, who comes and takes it from them.
The resources you happen to accumulate, what do you do with them? You can spend the money and buy some houses or whatever, and people do some of that and that's fine. You can give the money to other people, your family, but usually when you do that you screw them up and it ends up counterproductive. Or, you take those resources and reinvest them in things that you believe in, and that could be reinvesting in a philanthropic cause.
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.
I don't know how many millions I'll make, so I have to give some back to charity. God blesses me with the money, but only if I give some away.
When you get the first knock, it kind of wakes you up: you know, they are men, and it is not like Under-18s when you can take loads of knocks and know you will be fine, that you won't feel anything after the game. You definitely get harder knocks, but it helps. You just get up and get on with the game, and then you can give it to them back.
We're trained to believe we should cling to one person only. Yet there are so many people who pass in and out of our lives. Good people, worth people, interesting people. Most of them stay for a little while and then move on. Some of them find a place with us and, if we let them, they enrich us. Don't close yourself off from the rest of the world, Eve. If you find someone who can make you understand a little more, laugh every now and then, give you a new experience, then never feel guilty. You'll just have more to give back to those who are closest to you.
I always say: 'Share your happiness with the world, give other people that happiness and let it come back,' but some things make me question it. I don't know if I want some people to know that I am happy. I think a lot of people want to take it away from you, and that's really scary.
What the Trump tax plan is a plan to give tiny little tax cuts to most Americans, raise taxes on perhaps one in five families and shower benefits on people who earn millions of dollars a year. And this fits with a fundamental principle the Republicans have been pursuing for a long time. The rich aren't investing and creating jobs, because they don't have nearly enough money, and so we need to get them money. And the way the Republicans want to get it to them is tax cuts first, and then to take away help for children, the disabled, the elderly and the poor.
I think the Con-Con issue is really diversionary. I've always been against Con-Con, from the very first the time the idea was raised. Everybody knows that.
I give away about 50 percent of my income, so my, you know, desire to give back to the country is pretty strong and I intend to give away a lot more. I've signed the giving pledge with Warren Buffett and Bill Gates, and I intend to give away the bulk of my money.
The reason con artists get away with what they get away with is, their victims are ashamed of their own blindness and their own gullibility, and they tend to just quietly go away.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Walter E. Williams Quotes
American
Economist