Liberal Policies Hinge on Two Big Ideas
The economy of the United States will continue to struggle until two liberal policies are rejected and replaced with workable principles. All liberal polices hinge on one of the following concepts:
• Redistribution of the wealth is necessary and/or morally justified
• The economy can be stimulated through increasing the money supply (deficit spending)
If these policies can be shown to lack substance and/or are simply false, then liberalism is false and lack substance.
Is forced redistribution of the wealth through taxes practical or morally justified? According to traditional American political thought, the government obtains its power from the consent of the people. In other words, the government cannot do anything that the people cannot do themselves. You can’t delegate to government the power to steal when stealing is not a natural right belonging to every person.
An example would be to ask a simple question. Can person ‘A’ go into his neighbor’s house and take his food, money, or possessions without the owner’s permission. The answer is no. This would be theft. Theft is rejected as a moral good. However, can person ‘A’ ask government to take his neighbor’s food, money, or possessions without the owner’s permission and transfer it to ‘A’? The answer should be the same, no. Liberals answer differently. They say that this is a moral function of government.
Neighbor ‘A’ does not have the power to redistribute wealth and ‘A’ cannot give power that he does not have to government to redistribute wealth. Yet, redistribution of the wealth is exactly the basis of the Democrat Party. The Democrat Party has built a case that redistribution of the wealth is morally justified.
We hesitate to challenge this notion because it has become such a dominant part of American culture. Public education, Medicare, Medicaid, Food Stamps, federal student loans, earned income tax credit, etc. etc. and to some extent Social Security are all based upon redistribution of the wealth. We don’t want to address the issue because it would require significant changes.
The problem is that redistribution of the wealth increases the size of government, reduces the number of those that produce material goods, increases the number of people that consume material goods, and eventually leads to widespread poverty and suffering. It seems to me that we have a choice. We need to hit the reset button. We can make reasonable changes now or ignore the basic problem with redistribution of the wealth and allow the economy to collapse which will result in widespread misery and suffering.
To me the choice is obvious; we need to make basic changes in the way social services are provided. The sooner we act; the less hardship will be created.
Liberals also believe that the economy can be stimulated by increasing the money supply. This is simply false. Economies are stimulated through work and production. Money is simply a tool of exchange. Money is not the economy. Increasing the money supply actually harms the private sector through decreasing private capital and decreasing the size of the productive private sector. Monetary policy is a kind way of saying"Grow Government.”
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