Quotation of the Day

Dave Killion — January 5, 2014

“… given that Deirdre McCloskey is correct in noting that the way we talk and what we say matters, at least as strong a case can be made for legislation to forcibly shut the mouths and freeze the keyboards of those who scream about the dangers of income inequality as can be made for legislation to forcibly take from ‘the rich’ in order to give to ‘the poor.’”

Don Boudreaux, Questions About and For Those People Obsessed With Income Inequality

Boudreaux goes on to counsel against any such legislation.

To the extent that the wealthy attain their wealth thanks to coercive state regulation, I object to that inequality on the grounds that it impoverishes the rest of us. But that inequality which results from hard work, innovation, inspiration, or luck doesn’t bother me in the least. As Thomas Jefferson said, it neither picks my pocket nor breaks my leg. To view matters differently is to indulge in envy, and pointlessly so. Bill Gates may be ten thousand times richer than me, but his food doesn’t taste ten thousand times better, his bed isn’t ten thousand times more comfortable, he isn’t ten thousand times healthier and happier, and he isn’t going to live ten thousand times longer.

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