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You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
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More quotes by Thomas Sowell
'Global warming' is just the latest in a long line of hysterical crusades to which we seem to be increasingly susceptible.
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People who know nothing about advertising, nothing about pharmaceuticals, and nothing about economics have been loudly proclaiming that the drug companies spend too much on advertising - and demanding that the government pass laws based on their ignorance.
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The political mirage of something for nothing, from leaders who 'care,' has ruined many a nation.
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We're not a socialist country, because the socialists believe in government ownership in the means of production, but the fascists believe that the government should have private ownership and the politicians should tell people how to run the businesses. So that's the route we seem to be going.
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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.
Thomas Sowell
The welfare state is not really about the welfare of the masses. It is about the egos of the elites.
Thomas Sowell
If you want to get each individual's honest opinion, you don't want that opinion to be influenced by others who are present, much less allow a group to coordinate what they are going to say.
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What freedom does a starving man have? The answer is that starvation is a tragic human condition- perhaps more tragic than loss of freedom. That does not prevent these from being two different things.
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Love is a four-letter word, but you don't hear in nearly as often as you hear some other four-letter words. It may be a sign of our times that everyone talks openly about sex, but we seem to be embarrassed to talk about love.
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No society ever thrived because it had a large and growing class of parasites living off those who produce.
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An e-mail from a reader says that liberals like to take the moral high ground, even though their own moral relativism means that there is no moral high ground.
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The government is indeed an institution, but the market is nothing more than an option for each individual to chose among numerous existing institutions, or to fashion new arrangements suited to his own situation and taste.
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Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.
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The key fallacy of so called gun control laws is that such laws do not in fact control guns. They simply disarm law abiding citizens, while people bent on violence find firearms readily available.
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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.
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A moral monopoly is the antithesis of a marketplace of ideas.
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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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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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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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People used to complain about 'the idle rich.' But the idle rich did not do the kind of harm being done by today's busybody rich, who feed their own egos by bankrolling political crusades on the left which hurt the very people that the left claims to care about -- working people, minorities, and children.
Thomas Sowell
