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The fundamental flaw in Social Security and Medicare is that they violate the 'welfare principle' in economics. The welfare principle forms the fundamental basis of all charitable work in churches and other private organizations: assist those who need help, and equally important, don't assist individuals who can take care of themselves.

Mark Skousen

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Mark Skousen
Age: 77
Born: 1947
Born: January 1
Economist
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San Diego
California
Mark Andrew Skousen
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More quotes by Mark Skousen

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Fraud is common when you give away billions. Fraud related to Hurricane Katrina spending is estimated to top $2 billion. In addition, debit cards provided to hurricane victims were used to pay for Caribbean vacations, NFL tickets, Dom Perignon champagne, 'Girls Gone Wild' videos, and at least one sex change operation.
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Donating money to a few of my favorite free-market organizations used to be a pleasant duty, but now I'm literally inundated with demands from hundreds of think tanks and public-policy groups, all vying for my limited funds
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I only have disdain for New York City Mayor Michael Bloomberg. He raised taxes and has increased regulations. What else is new? He's a bully who wants to micro-manage people's lives by mandate, not persuasion.
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Balance in life is the key, as Aristotle taught us. Nobody likes a naive Pollyanna, but neither do we like to be around people who are constantly complaining and finding fault.
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Gold and Silver have always had value, never gone to zero. Can you say the same for stocks and bonds?
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Negative books can be bestsellers, but seldom classics.
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Even though I've reached retirement age, I still plan to work - writing my investment newsletter, speaking at conferences, publishing books, and producing conferences like FreedomFest.
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I am tired of the constant demonizing of people via political labels.
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The worst thing that can happen to an investor is to make money on his first trade he thinks investing is easy
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The triumph of persuasion over force is the sign of a civilized society.
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Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure.
Mark Skousen
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The media simply does not understand Econ 101.
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If you are wealthy enough, use part or all of your Social Security proceeds to invest in a favorite cause or two. Invest 10 percent or 100 percent of your monthly Social Security check in your favorite charity, foundation, think tank, church or synagogue, or other good cause.
Mark Skousen
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Banking technology has made it simple and efficient to invest in good causes.
Mark Skousen
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In the early 1980s, I burned my Social Security card at the New Orleans Investment Conference in protest of the state pension system.
Mark Skousen
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In a free society, individuals have the right to do right or wrong, as long as they don't threaten or infringe upon the rights or property of others.
Mark Skousen
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You can judge a man by the books in his library.
Mark Skousen
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The income tax is flawed for a number of reasons - it discourages economic growth and encourages a bloated government.
Mark Skousen
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When everyone is a contrarian, nobody is a contrarian
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Bill Gates and Warren Buffett have their 'Giving Pledge,' where billionaires promise to give away the majority of their wealth when they die. My Social Security Pledge is better - to give money to good causes when you are alive. Besides, more Americans can participate.
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