Sunday, May 8, 2016

The problem with redistribution of wealth.....

 You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth — and that future wealth is less likely to be produced when people see that it is going to be confiscated. Farmers in the Soviet Union cut back on how much time and effort they invested in growing their crops, when they realized that the government was going to take a big part of the harvest. They slaughtered and ate young farm animals that they would normally keep tending and feeding while raising them to maturity.
-Thomas Sowell, as excerpted from here

The history major in me is hard pressed to name one redistributionist society that has enjoyed long term peace, prosperity and a happy citizenry.  Any suggestions?

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