WEALTH, AND WHO DECIDES WHAT

Two Different Worlds -- Patriot Update -- Thomas Sowell -- 9/5/2011

http://patriotupdate.com/articles/two-different-worlds

Judging businesses or their owners by how much wealth they give away — rather than by how much wealth they create — is putting the cart before the horse. Wealth is ultimately the only thing that can reduce poverty. The most dramatic reductions in poverty, in countries around the world, have come from increasing the amount of wealth, rather than from a redistribution of existing wealth.

What kind of world do we want — one in which everyone works to increase wealth to whatever extent they can, or a world in which everyone will be supported by either government handouts or private philanthropy, whether they work or don’t work?

It is not an abstract question. We can already see the consequences on both sides of the Atlantic. Those who have grown used to having others provide their food, shelter and other basics as “rights” are by no means grateful.

On the contrary, they are more angry, lawless and violent than in years past . . .

Leading people into the blind alley of dependency and grievances may be counterproductive for them but it can produce votes, money, power, fame and a sense of exaltation to others who portray themselves as friends of the downtrodden.

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