Socialism is Blind
Re “Higher taxes answer to closing wealth gap: Broadbent Institute” (David Akin, Dec 16): Once again, the socialists are too blinded by altruism and ideology to see the damage that can be caused by their flawed thinking. Taxing the rich and giving to the poor will destroy the incentive to work hard and create wealth, thus reducing the amount of wealth available for distribution…
Universal education, free markets (including labour) and allowing people to enjoy the fruits of their labour, are by far the best ways to lift people out of poverty. As the Wizard of Id told us decades ago, Robin Hood takes from the rich and gives to the poor, “less 10% for handling”. And when the rich are all poor and the poor are all rich, what does he do then? Why, he takes from the rich and give to the poor, “less 10% for handling”! I think we all know where the 10% is going …
(Socialists are always generous with other people’s money)
Toronto Sun, January 1st 2015 here.