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March 23, 2010

Quick Quote: Frédéric Bastiat on wealth redistribution

There’s an abundance of data supporting this from the experience of Communist societies, but certain western academics and politicians remain convinced that the problem resides in the execution of the philosophy, not in the philosophy itself.
If it were to be asserted on principle, admitted in practice, sanctioned by law, that every man has a right to the property of another, the gift would have no merit—charity and gratitude would be no longer virtues. Besides, such a doctrine would suddenly and universally arrest labor and production, as severe cold congeals water and suspends animation; for who would work if there was no longer to be any connection between labor and the satisfying of our wants?

-- Frédéric Bastiat, Essays on Political Economy
Feel free to draw your own applications to the financially destructive, liberty-smothering health care boondoggle that just passed.

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