Friday, March 30, 2012

Redistribution, collectivism and economic freedom

Commentary by walford

Governments cannot redistribute wealth; they can only redistribute poverty. Governments cannot eliminate or curb poverty, they can only eliminate or curb wealth.

The only choice we have is a shared poverty under collectivism and central planning or "the disparities" that accompany the prosperity that is enabled by economic freedom.

There is no way to grow an economy to the benefit of all w/o the rich getting disproportionately richer. So if the very poor will have their wealth tripled, the very rich may have their wealth multiplied a thousandfold. Is this bad? Is a shared poverty preferable?

That is because Economic Freedom raises the bar on how much wealth that it is possible to create. And the concept of created wealth is something that collectivists cannot possibly fathom.

Do not begrudge Bill Gates his fortune. He did not attain it at our expense, taking a larger share of finite pies than the rest of us as the advocates of redistributionist central planning would have us believe. That may have been true under pre-industrial agrarian economies, but not since then.

Bill Gates and those like him have baked new, better, cheaper pies. In the process of enriching himself making computers more powerful and easier to afford, he has also increased what it is possible for us all to attain.

He is a greater benefactor to mankind than Mother Theresa could have been in 10 lifetimes.

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