November 24, 2008

Column of the Day: Walter Williams on Legalized Theft

Filed under: Business Moves, Economy, Quotes, Etc. of the Day, Taxes & Government — TBlumer @ 6:11 am

Every year or so, the George Mason economist reminds us that socialism is legalized theft, and that all too much of what our government already does indeed fits that description (HT my guardian angel):

Evil Concealed by Money

Evil acts can be given an aura of moral legitimacy by noble-sounding socialistic expressions such as spreading the wealth, income redistribution or caring for the less fortunate. Let’s think about socialism.

Imagine there’s an elderly widow down the street from you. She has neither the strength to mow her lawn nor enough money to hire someone to do it. Here’s my question to you that I’m almost afraid for the answer: Would you support a government mandate that forces one of your neighbors to mow the lady’s lawn each week? If he failed to follow the government orders, would you approve of some kind of punishment ranging from house arrest and fines to imprisonment? I’m hoping that the average American would condemn such a government mandate because it would be a form of slavery, the forcible use of one person to serve the purposes of another.

Would there be the same condemnation if instead of the government forcing your neighbor to physically mow the widow’s lawn, the government forced him to give the lady $40 of his weekly earnings? That way the widow could hire someone to mow her lawn. I’d say that there is little difference between the mandates. While the mandate’s mechanism differs, it is nonetheless the forcible use of one person to serve the purposes of another.

Probably most Americans would have a clearer conscience if all the neighbors were forced to put money in a government pot and a government agency would send the widow a weekly sum of $40 to hire someone to mow her lawn. This mechanism makes the particular victim invisible but it still boils down to one person being forcibly used to serve the purposes of another. Putting the money into a government pot makes palatable acts that would otherwise be deemed morally offensive.

This is why socialism is evil. It employs evil means, coercion or taking the property of one person, to accomplish good ends, helping one’s fellow man. Helping one’s fellow man in need, by reaching into one’s own pockets, is a laudable and praiseworthy goal. Doing the same through coercion and reaching into another’s pockets has no redeeming features and is worthy of condemnation.

Some people might contend that we are a democracy where the majority agrees to the forcible use of one person for the good of another. But does a majority consensus confer morality to an act that would otherwise be deemed as immoral?

….. The bottom line is that we’ve become a nation of thieves, a value rejected by our founders. James Madison, the father of our Constitution, was horrified when Congress appropriated $15,000 to help French refugees. He said, “I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” Tragically, today’s Americans would run Madison out of town on a rail.

Extending Dr. Williams’s thoughts, the existing and proposed bailouts represent legalized theft accomplished through blackmail. We’re now to the point where designated recipients, as seen in the CNBC video at this link, are forced to take money they neither want nor need — and to accede to government control (the commentator quoted is speaking figuratively):

….. the Treasury Secretary Hank Paulson put all these egos in the room, and basically put guns to their heads, forcing them to take the money to bolster the banking system.

Some of the firms say they didn’t want the cash …..

And Paulson at one point said, “Listen, if you don’t want it, it doesn’t matter, gun to your head, you gotta take it.”

As you can see at the vid, those who report such things are either untroubled by them or, even worse, openly supportive.

Of the country’s two major political parties, one openly supports these evils and calls them good, while the other all too often puts up only token resistance.

Thus, evil continues to spread.

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