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Despite a voluminous and often fervent literature on income distribution, the cold fact is that most income is not distributed: It is earned.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Fact
Distribution
Often
Prosperity
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Income
Voluminous
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Earned
More quotes by Thomas Sowell
A moral monopoly is the antithesis of a marketplace of ideas.
Thomas Sowell
Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
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Virtually no idea is too ridiculous to be accepted, even by very intelligent and highly educated people, if it provides a way for them to feel special and important. Some confuse that feeling with idealism.
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Creating whole departments of ethnic, gender, and other 'studies' was part of the price of academic peace. All too often, these 'studies' are about propaganda rather than serious education.
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Hilary Clinton said you know, it takes a village to raise a child and somebody said it takes a village idiot to believe that … it is part of the whole thing of third parties wanting to make decisions for which they pay no price for when they’re wrong.
Thomas Sowell
Relevance is not something you can predict. It is something you discover after the fact.
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Benedict Arnold was a war hero, wounded in battle--before he turned against his country. Hitler was likewise a decorated and wounded veteran of the First World War. Being a war hero is not a lifetime...exempt[ion]...from responsibility for what you do thereafter.
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In the United States, liberals have made it virtually impossible [to increase the supply of oil] by banning drilling in all sorts of places and preventing any new refinery from being built anywhere in the country in the last 30 years.
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You do not need proof for what people want to believe.
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By the end of the 20th century, liberals had again discredited themselves, to the point where they went back to calling themselves progressives to escape their past, much as people do when they declare bankruptcy.
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The government does not have some magic wand that can 'bring down the cost of health care.' It can buy a smaller quantity or lower quality of medical care, as other countries with government-run medical care do.
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One of the painful signs of years of dumbed-down education is how many people are unable to make a coherent argument. They can vent their emotions, question other people's motives, make bold assertions, repeat slogans-- anything except reason.
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We might have been better off if the question of Obama's patriotism had been raised before he was first elected. Never should we ignore so many red flag warnings again.
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Whenever someone refers to me as someone who happens to be black, I wonder if they realize that both my parents are black. If I had turned out to be Scandinavian or Chinese, people would have wondered what was going on.
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Child poverty in the United States declined after the work requirement was put in there. People realized that they had to work and people went out and worked and they got off welfare.
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Too many policies, programs and institutions are judged by what they are supposed to do, rather than by what they actually do and the consequences of their actions.
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Virtually everything that the government does costs more than when the same thing is done in private industry - whether it is building housing, running prisons, collecting garbage, or innumerable other things. Why in the world would we imagine that health care would be the exception?
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The government is now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s - use a crisis of the times to create new institutions that will last for generations. To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s.
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The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is he confuses it with feeling.
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In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.
Thomas Sowell