A short analogy for current times; would be good to internalize this with all the bailouts etc
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An economics professor at a local college made a statement that he had never
failed a single student before but had once failed an entire class.
That class had insisted that socialism worked and that no one would be poor
and no one would be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on
socialism. All grades would be averaged and everyone would receive the same
grade so no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B.
The students who studied hard were upset and the students who studied little
were happy.
As the second test rolled around, the students who studied little had
studied even less and the ones who studied hard decided they wanted a free
ride too so they studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
The scores never increased as bickering, blame and name-calling all resulted
in hard feelings and no one would study for the benefit of anyone else.
All failed, to their great surprise, and the professor told them that
socialism would also ultimately fail because when the reward is great, the
effort to succeed is great but when government takes the reward away, no one
will try or want to succeed.
Could not be any simpler than that.
What a profound short little paragraph that says it all
"You cannot legislate the poor into freedom by legislating the wealthy out
of freedom. What one person receives without working for, another person
must work for without receiving. The government cannot give to anybody
anything that the government does not first take from somebody else. When
half of the people get the idea that they do not have to work because the
other half is going to take care of them, and when the other half gets the
idea that it does no good to work because somebody else is going to get what
they work for, that my dear friend, is about the end of any nation. You
cannot multiply wealth by dividing it."
~~~~ Dr. Adrian Rogers, 1931 |
