Words from the Bush Era — New Faces, Nothing Changes

4 Sep

Eight years ago, Thomas Sowell wrote the following – as current today as it was in the middle of the Bush terms – and vice versa.

 “Despite political use of the envy factor to cause resentment of people whose high productivity earns high incomes, someone who is adding to the total wealth of this country is not depriving you of anything.  But someone who is consuming the nation’s wealth without contributing anything to it, is costing you and everyone else who is carrying his share of the load.  Yet our tax system penalizes those who are producing wealth in order to subsidize those who are only consuming it.

 “Tax reform is overdue, national debt or no national debt.”

 This passage just emphasizes that not only is this growing us-versus-them – envy and dependency — problem not a NEW problem, but it is not specifically caused by either the Republican or Democratic Party.  And it must be solved by BOTH parties.

 Will the REAL men (and women) in Congress please stand up?

 [Dr. Sowell is currently a senior fellow at the Hoover Institution at Stanford University, and is an outspoken black conservative economist.  The essay in which this passage was found is titled “A Taxing Experience:  Cut the National Debt by Reducing Spending”, published in Capitalism Magazine, November 2004.]

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2 Responses to “Words from the Bush Era — New Faces, Nothing Changes”

  1. Joseph Edward Wages September 4, 2012 at 10:07 am #

    It seems to be a truism that consumers always want more.

    When the desire to consume outweighs the willingness or ability to provide,
    failure looms just ahead.

  2. illero September 4, 2012 at 11:12 am #

    Yes — As I recall from my American history, early colonists in Massachusetts actually started out in a communistic fashion, and the colony nearly failed as people found out that they could survive quite well off the productivity of others — until, that is, the leaders finally applied “incentives” and turned the colony away from the cliff over which it was headed.

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