If Stimulus Worked We’d All be Rich

January 11, 2013 05:58

British MEP Daniel Hannan explodes the myth of central government stimulus spending. If printing government money out of thin air worked why not just give everyone a few hundred million dollars and we’d all be rich. We could pay 50% in taxes, there would be no debt, no need for welfare and and everyone could buy whatever they want. This is the ultimate lunacy of Keynesian deficit spending.


“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.” – Alan Greenspan


“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Ilyich Lenin


The Communist Manifesto dictates, among other things:

  • The abolition of private property (You didn’t build that)
  • A heavy progressive or graduated income tax (“fair share”).
  • Abolition of all rights of inheritance (death tax)
  • Centralization of credit in the hands of the state, by means of a national bank (Federal Reserve creates money out of thin air)
  • Centralization of the means of communications (Obama appointed a socialist sympathizer to the FCC)
  • Extension of factories and instruments of production owned by the state, (General Motors, Chrysler, banks, healthcare)
  • Free education for all children in public schools. (indoctrination centers that you are forced to pay for)

[Editor’s note: Comments in parenthesis and emphasis mine.]


Also please consider:

Has Obama Already Bankrupted America?

Mark Levin: Obama is a Marxist

Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere: