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Quote by Thomas Sowell

“Someone once said that taxes are the price we pay for civilization. That may have been true when he said it, but today taxes are mostly the price we pay so that politicians can play Santa Claus and get reelected.”

Quote by Thomas Sowell

Author

Thomas Sowell is a renowned economist, born on June 30, 1930. His research spans across various fields such as economic policy, race, and social issues, having a profound impact on economics and the social sciences. more

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“The America of Obama's dreams is not the one of self-reliance and entrepreneurship to which he paid phony lip service at the beginning of his speech. It is an America in which the government, rather than the private sector, creates wealth and leads ignorant, helpless people by the nose from cradle to grave, from preschool to the academy, with the caveat that if they succeed too much, they will make themselves enemies of the state and targets for punitive action. Obama's new American dreams is an American nightmare.”

“Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism by a series of successive steps.”

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“Socialized medicine must fail for the same reasons all socialism must fail: it offers no system for rationally allocating resources, and instead promotes the overutilization of all resources, ending in bankruptcy.”

Reason Failing Offers Resources Medicine Socialism Bankruptcy Socialized Medicine

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“When Congress votes for all sorts of benefits, without voting for enough taxes to pay for them, they get the support of those who have been promised the benefits, without getting grief from the taxpayers. It's strictly win-win as far as the welfare-state politicians are concerned. But it is strictly lose-lose, big-time, for the country, as deficits skyrocket.”

Has Beens Country States Enough Bigs Winning Loses Grief Pay Support Politician Taxes Benefits Concerned Vote Congress Welfare Voting Deficit Taxpayers Welfare State Win Win

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“None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.”

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“We are an indebted family going out for an expensive meal to celebrate getting approved foe a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.”

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“Socialist countries throughout the world love to lower retirement ages to make people prematurely dependent on the government. But we should move in the opposite direction. In the long run, indexing retirement to life expectancy will yield enormous revenues to the system, far more than a one-shot increase in the age in the current legislative cycle.”