Trust Thomas Sowell to explain why government-forced redistribution always fails, and to do so in language so clear even a child educated in public schools can understand:
You can confiscate only the wealth that exists at a given moment. You cannot confiscate future wealth — and that future wealth is less likely to be produced when people see that it is going to be confiscated. Farmers in the Soviet Union cut back on how much time and effort they invested in growing their crops when they realized that the government was going to take a big part of the harvest. They slaughtered and ate young farm animals that they would normally have kept tending and feeding while raising them to maturity.
People in industry are not inert objects either. Moreover, unlike farmers, industrialists are not tied to the land in a particular country.
Russian aviation pioneer Igor Sikorsky could take his expertise to America and produce his planes and helicopters thousands of miles away from his native land. Financiers are even less tied down, especially today, when vast sums of money can be dispatched electronically to any part of the world.
Romney’s problem as a candidate is that he does not know how to state this simple proposition and, instead, falls back on Hallmark-esque platitudes.Email This Post To A Friend
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