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Wealth Redistribution: Legal Plunder Or Just California Dreamin?
LuckyBogey's Blog ^ | September 2, 2009 | LuckyBogey

Posted on 09/02/2009 6:09:08 PM PDT by luckybogey

"A surplus became an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future.” President Obama State of Union Speech

The distribution of income is central to one of the most enduring issues in political economics. On one extreme are those who argue that all incomes should be the same, or as nearly so as possible, and that a principal function of government should be to redistribute income from the haves to the have-nots. On the other extreme are those who argue that any income redistribution by government is bad…

Alabama Constitution: “That the sole object and only legitimate end of government is to protect the citizen in the enjoyment of life, liberty, and property, and when the government assumes other functions it is usurpation and oppression.”...]

“The way to have good and safe government, is not to trust it all to one, but to divide it among the many, distributing to every one exactly the functions he is competent to. Let the national government be entrusted with the defense of the nation, and its foreign and federal relations; the State governments with the civil rights, law, police, and administration of what concerns the State generally; the counties with the local concerns of the counties, and each ward direct the interests within itself...

It is by dividing and subdividing these republics from the great national one down through all its subordinations, until it ends in the administration of every man’s farm by himself; by placing under every one what his own eye may superintend, that all will be done for the best. What has destroyed liberty and the rights of man in every government which has ever existed under the sun? The generalizing and concentrating all cares and powers into one body.” Thomas Jefferson

(Excerpt) Read more at luckybogey.wordpress.com ...


TOPICS: Business/Economy; Education; Government; History
KEYWORDS: economics; income; redistribution; wealth
Posted in Bloggers Section. Blog Post includes: Lorenz curve — The Proper Role of Government — The Founders and Redistribution of Wealth — New Report: Young Workers Fall Behind, Blame Wall Street for Economy — Wealth Redistribution is Biblical — China: World Wealth Redistributed After Two Hundred Years — Mamas & Papas: California Dramin Music Video — Our [California] View: Global-warming welfare coming
1 posted on 09/02/2009 6:09:10 PM PDT by luckybogey
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To: luckybogey

Redistribution of wealth is not taking money from the rich to give to the poor. It’s taking wealth from the productive private sector and giving it over to the govt so that they can just throw it at bread and circuses.


2 posted on 09/02/2009 6:13:38 PM PDT by ari-freedom (Fiscal conservatism without social conservatism is dead.)
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To: luckybogey

Socialism presents a fraudulent bargain: that we each can live at the expense of others if only we would allow others to live at our expense. Christians should see that this breaks three of the Ten Commandments: lies, coveting and theft. In the end, they should realize they don’t have the authority to approve of someone else being plundered, even if it is through the use of government.


3 posted on 09/02/2009 6:17:11 PM PDT by theBuckwheat
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