The Fallacy of Redistribution – “Forward” to Failed Policies of the Past

September 24, 2012 07:34


We have all heard the old saying that giving a man a fish feeds him only for a day, while teaching him to fish feeds him for a lifetime. Redistributionists give him a fish and leave him dependent on the government for more fish in the future. – Thomas Sowell

 

 

By Thomas Sowell at Town Hall


EXCERPTS:

The recently discovered tape on which Barack Obama said back in 1998 that he believes in redistribution is not really news. He said the same thing to Joe the Plumber four years ago. But the surfacing of this tape may serve a useful purpose if it gets people to thinking about what the consequences of redistribution are.

 

In theory, confiscating the wealth of the more successful people ought to make the rest of the society more prosperous. But when the Soviet Union confiscated the wealth of successful farmers, food became scarce. As many people died of starvation under Stalin in the 1930s as died in Hitler’s Holocaust in the 1940s.

 

Fidel Castro’s confiscatory policies drove successful Cubans to flee to Florida, ….

 

Barack Obama can endlessly proclaim his slogan of “Forward,” but what he is proposing is going backwards to policies that have failed repeatedly in countries around the world.

FULL ARTICLE

Our redistributionist president:



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