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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (4655)	4/19/1998 3:31:00 AM
From: wooden ships	Read Replies (2) \| Respond to of 42834

Sir Alan: You win the "Crockett Coonskin Cap Award" for stunningly brilliant summations of the consequences implicit within the modus operandi of the Welfare State. For those who have not done so, please refer to Alan's prior post #4655 for his several excellent cross-links. In my own simple mind, the State creates nothing good by basely robbing productive Peter to pay unproductive Paul. Peter's incentive to produce may be diminished since he comes to understand that his increased production be- comes a target of confiscation. On the other hand, Paul, not having produced anything, is not only rewarded for his indolence but also forever fails to master the art of productivity or anything else good and useful, for that matter. Beyond this, Peter and Paul may eventually come to despise each other. Peter abhorring Paul for siphoning away the fruits of his labors, and Paul detesting Peter for not providing enough or recriminating him for his own pathetic dependency. Quoth Jefferson, "Still one thing more, fellow citizens- a wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of in- dustry and improvements, shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities." Thomas Jefferson First Inaugural speech 4 March 1801