Wednesday, May 27, 2009

"The Future of Capitalism."

The topic: "The Future of Capitalism." To discuss this, Time magazine assembled a "stellar cast." One such "honoree" works as a Public Broadcasting Service/National Public Radio host. The tax dollars produced by the capitalism he criticizes help pay his salary. (The irony was apparently lost.)

"I don't think that left to its own devices," ..."capitalism moves along smoothly and everyone gets treated fairly in the process. Capitalism is like a child: If you want the child to grow up free and productive, somebody's got to look over the shoulder of that child."

Good grief.

Every dollar spent by government is one less dollar spent by taxpayers. Money comes from somewhere — taxes, borrowing (taxes on layaway) or printing, which, if not offset by productivity, causes inflation, a stealth tax on everyone.

Who can spend, save or invest more efficiently and humanely, you or some tenured bureaucrat in D.C. who's never run so much as a hot dog stand or lent himself out as a United Way volunteer?

Private enterprise is the most proficient job- and wealth-creating "system" ever designed. Obama's anti-capitalist, Big Government, command-and-control economic vision exceeds mere "childishness." It is dangerous...

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