Milton Friedman versus God 4

The economy is in the doldrums primarily because of the socialist wealth-redistribution agenda of the Obama administration. Socialism kills prosperity.

The Pope, who is directly informed by an omniscient god so that what he utters is infallibly right, recently demanded world-wide redistribution.

Milton Friedman argues brilliantly against the idea (rotten whether invented by mortals or divinity) of redistribution in general.

And against 100% inheritance tax in particular:

 

Posted under Economics, Videos by Jillian Becker on Sunday, May 11, 2014

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  • Don L

    Socialists, those who persistently seek to redistribute wealth in the name of social justice because of income inequality always, and falsely, project wealth as a finite thing. And, regrettably, because wealth and income are often projected in pie chart graphics, people erroneously do think in finite pieces of pie and believe wealth to be limited. In reality there is no limit to wealth…innovate, create…deliver consumer satisfying goods and services, including being a better employee and you will begin to accumulate wealth.

    Here is a short article by Murray Rothbard about wealth:

    The Two Means To Wealth – Commentary by Murray N Rothbard

    The great German sociologist Franz Oppenheimer (1864-1943), who wrote this magnificent little book called The State (1914), put the case brilliantly.

    In essence, he said, there are only two ways for men to acquire wealth. The first method is by producing a good or a service and voluntarily exchanging that good for the product of somebody else. This is the method of exchange, the method of the free market; it’s creative and expands production; it is not a zero-sum game because production expands and both parties to the exchange benefit. Oppenheimer called this method the “economic means” for the acquisition of wealth.

    The second method is seizing another person’s property without his consent, i.e., by robbery, exploitation, looting. When you seize someone’s property without his consent, then you are benefiting at his expense, at the expense of the producer; here is truly a zero-sum “game”, not much of a “game,” by the way, from the point of view of the victim. Instead of expanding production, this method of robbery clearly hobbles and restricts production. So in addition to being immoral while peaceful exchange is moral, the method of robbery hobbles production because it is parasitic upon the effort of the producers.

    With brilliant astuteness, Oppenheimer called this method of obtaining wealth “the political means.” And then he went on to define the state, or government, as “the organization of the political means,” i.e., the regularization, legitimization, and permanent establishment of the political means for the acquisition of wealth.

    In other words, the state is organized theft, organized robbery, organized exploitation. And this essential nature of the state is highlighted by the fact that the state ever rests upon the crucial instrument of taxation.

    • liz

      Yes, taxation is the tool used by the criminal organization called government. We are devolving into a mafia controlled apartheid state in which we are being forcibly “apartheid” from our money.

      • Don L

        It took me a minute. I got it! LOL, LOL

    • REALBEING

      These Socialist folks always talk about “wealth” like they know what the’re talking about. However, you never hear the word “value” come out of their mouths. The fail at every turn to understand or even acknowledge this term.

      If they ever understood the meaning of value from a production perspective they wouldn’t understand how they ever got mixed up in Socialism.

      The next time you debate one of these folks, and they come up with the “Equality” premise, just ask him what the condition of his car battery is when both the positive and the negative poles of it are equal…………… Its dead!