Tag Archive | "redistribution of wealth"

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Confiscating wealth in the name of fairness

Confiscating wealth in the name of fairness

An excellent article in the June issue of Commentary Magazine, taking to task President Obama’s broad attacks on the wealth-producers in American society in the name of fairness.  Author Francis Cianfrocca in “Wealth creation under attack”  points out the flaws in this reasoning:

The United States is organized on the principle of the consent of the governed. Power and legitimacy do not flow from the state to the people, but the other way around. In this respect, what individuals do is…

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Posted in Economy, Features, Personal Liberty, ZeitgeistComments (1)

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Should the Anti-Stimulus Package be tan or beige?

Should the Anti-Stimulus Package be tan or beige?

President Obama more than once last week called it “inexcusable” for Congress to get “bogged down in distraction, delay or politics as usual” over the anti-stimulus legislation. Actually, there never was such a bog-down, since the bill already passed the House by the Democratic majority, and he never needed much Republican support to make a package of substantial magnitude happen in the Senate. Obama is seeking a sheen of bipartisanship, but if he’s convinced it’s right and he occupies the…

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Posted in Bailout Watch, Deregulate to Stimulate, Personal Liberty, Politics as Usual, Regulation, Stimulus to NowhereComments (7)

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