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Nineteen Neglected Consequences of Income Redistribution
LibertyHaven.com ^ | December, 1994 | Robert Higgs

Posted on 08/21/2004 8:34:37 PM PDT by Remember_Salamis

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1 posted on 08/21/2004 8:34:38 PM PDT by Remember_Salamis
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To: Remember_Salamis

Income redistribution is right up the wicked witch of the north's alley. Remember about two months in San Francisco when Hitlery was up at the podium giving speech and told the San Franciscans, who paid up to $10,000 a plate to be in attendance, that they made too much money. Further, when the demoncRATS take control of the White House, she's going to make sure that she and other demoncRATS like Barbara Boxer, Ted Kennedy, John Kerry, Richard Gephardt, etal, take their money away from them and redistribute it for the common good. And these same San Franciscans loved it for her.


2 posted on 08/21/2004 8:43:27 PM PDT by lilylangtree (Veni, Vidi, Vici)
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To: Remember_Salamis

Thanks. This is so true and those who need to see it do not.


3 posted on 08/21/2004 8:59:45 PM PDT by jimfree (Focus on the mission.)
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To: Remember_Salamis

As Alvin Lee once sang, "Tax the rich, feed the poor, 'til there are no rich no more - tell me, where is sanity?"


4 posted on 08/21/2004 9:01:54 PM PDT by austingirl
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To: lilylangtree

Income distribution isn't only welfare, it's FREE TRADE as well. They're taking our incomes and moving them overseas.


5 posted on 08/21/2004 9:07:13 PM PDT by ETERNAL WARMING (He is faithful!)
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To: Remember_Salamis

Good post!


6 posted on 08/21/2004 9:19:43 PM PDT by Frank_2001
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To: Remember_Salamis

Socialism has never worked long term to any acceptable degree, but Dems say "this time it will be different".


7 posted on 08/21/2004 9:22:07 PM PDT by BipolarBob (Yes I backed over the vampire, but I swear I didn't see it in my rearview mirror.)
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To: Remember_Salamis

I'm no fan of income redistribution, but I'm against means testing for Social Security benefite - if a person has money confiscated throughout their working life, they must get it back when they reach the eligible age.


8 posted on 08/21/2004 9:23:22 PM PDT by Gigantor (Por favor, mantengase alejado de las puertas...)
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To: Remember_Salamis
Thanks for the post. Good article. (I'm not surprised the author is affiliated with The Freeman; he has that dry, Freeman style.) I have only two minor beefs with him:

Witness the palpable hostility when shoppers paying cash wait in the check-out line at the grocery store while someone uses food stamps to make purchases.

I've never witnessed what he describes; I have, however, witnessed a Hispanic customer just in front of me in line at the supermarket paying with food stamps shoot hateful stares MY way.

Only the ruling class-those who constitute the government-can confidently expect to gain, as each new program enlarges the number of official jobs and the bureaucracy's budget.

Wrong. "Private" companies that live off of government contracts gain more than anyone else.

9 posted on 08/21/2004 10:20:36 PM PDT by mrustow ("And when Moses saw the golden calf, he shouted out to the heavens, 'Jesus, Mary, and Joseph!'")
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To: Remember_Salamis
aid to families with dependent children ($24 billion),

P.S. Since the 1996 Personal Responsibility Act, it's been known as TANF -- Temporary Assistance to Needy Families.

10 posted on 08/21/2004 10:24:32 PM PDT by mrustow ("And when Moses saw the golden calf, he shouted out to the heavens, 'Jesus, Mary, and Joseph!'")
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To: Remember_Salamis

Oops! I just noticed that the piece was published in 1994, before the PRA was enacted.


11 posted on 08/21/2004 10:26:28 PM PDT by mrustow ("And when Moses saw the golden calf, he shouted out to the heavens, 'Jesus, Mary, and Joseph!'")
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To: mrustow

save...for later


12 posted on 08/21/2004 10:30:00 PM PDT by rolling_stone
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To: rolling_stone

If the money paid into S/S had been invested at even a low rate of interest, say 4% for all of the years that people paid it in, it would have been worth a million dollars per retiree. But the Washington Gangsters saw that big pile of money and could not keep their hands off of it.

The biggest offender was LBJ when he wanted to fight in Viet Nam, and underwrite the Great Society at one time. That started the raid of S/S funds.


13 posted on 08/21/2004 10:36:29 PM PDT by BooBoo1000
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To: rolling_stone

Interesting, but I'm not going to give up my federal pension to make the writer of the article feel better.


14 posted on 08/21/2004 10:37:33 PM PDT by Ciexyz ("FR, best viewed with a budgie on hand")
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To: Remember_Salamis

Hey, the Republicans are in charge. Government spending increases and sharing the loot in exchange for votes is now acceptable.


15 posted on 08/21/2004 10:57:09 PM PDT by Moonman62
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To: BooBoo1000
The biggest offender was LBJ when he wanted to fight in Viet Nam, and underwrite the Great Society at one time. That started the raid of S/S funds.

Enron accountants couldn't have cooked up a bigger scam. And the government is immune from prosecution or any sort of accountability.

16 posted on 08/21/2004 11:00:15 PM PDT by Moonman62
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To: dakine

Ping..


17 posted on 08/21/2004 11:55:11 PM PDT by codyjacksmom ("Tereeza Pleease...I need more allowance so I can hire someone to teach me how to throw like a boy")
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To: Remember_Salamis
the total came to $912 billion, or nearly 17 percent of personal income

So that's where all that money from my paycheck goes before I even see it...

18 posted on 08/22/2004 12:17:52 AM PDT by RockinRight (Liberalism IS the status quo)
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To: Moonman62

Why don't we band together, and nominate one FReeper from every state to run for either the House or Senate, and do it every election year until we can infiltrate...

I'd run for the US House, but I'd have to move 10 miles south so I'd be in a district that has at least a reasonable chance to elect a conservative. Any district that elects Tim Ryan (D-Parts of Akron and Youngstown, OH) is a futile attempt...


19 posted on 08/22/2004 12:30:00 AM PDT by RockinRight (Liberalism IS the status quo)
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To: ETERNAL WARMING

"They're taking our incomes and moving them overseas."

-- Are you a Buchananite protectionist? Protectionism is a form of incoem redistribution and and the protection of "mature" insustries is truly despotic.

Take the steel industry for example:

Why should Every American consumer, along with every american business that uses steel, pay MORE so that one small political constituency gets more? That's income redistribution as well.

If you're talking about "off-shoring" money, I see tax AVOIDANCE as one's patriotic duty to starve the beast.


20 posted on 08/22/2004 1:22:37 AM PDT by Remember_Salamis (Freedom is Not Free)
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