Clyburn to Use Super Committee to ‘Close Wealth Gap’

August 16, 2011 05:27

How much clearer could the socialists be?  Take from those who have been productive creators and give it to those who have not.

Alan Greenspan summed it up: “Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money,by issuing government bonds, to finance welfare expenditures on a large scale.”

“Deficit spending is simply a scheme for the confiscation of wealth.” -Alan Greenspan- Gold and Economic Freedom; The Objectivist, 1966

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