Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Social Mood and Leaders Impact on General Election Forecast 2019 - 9th Dec 19
Long-term Potential for Gold Remains Strong! - 9th Dec 19
Stock and Financial Markets Review - 9th Dec 19
Labour / Tory Manifesto's Impact on UK General Election Seats Forecast 2019 - 9th Dec 19
Tory Seats Forecast 2019 General Election Based on UK House Prices Momentum Analysis - 9th Dec 19
Top Tory Marginal Seats at Risk of Loss to Labour and Lib Dems - Election 2019 - 9th Dec 19
UK House Prices Momentum Tory Seats Forecast General Election 2019 - 8th Dec 19
Why Labour is Set to Lose Sheffield Seats at General Election 2019 - 8th Dec 19
Gold and Silver Opportunity Here Is As Good As It Gets - 8th Dec 19
High Yield Bond and Transports Signal Gold Buy Signal - 8th Dec 19
Gold & Silver Stocks Belie CoT Caution - 8th Dec 19
Will Labour Government Spending Bankrupt Britain? UK Debt and Deficits - 7th Dec 19
Lib Dem Fake Tory Election Leaflets - Sheffield Hallam General Election 2019 - 7th Dec 19
You Should Be Buying Gold Stocks Now - 6th Dec 19
The End of Apple Has Begun - 6th Dec 19
How Much Crude Oil Do You Unknowingly Eat? - 6th Dec 19
Labour vs Tory Manifesto Voter Bribes Impact on UK General Election Forecast - 6th Dec 19
Gold Price Forecast – Has the Recovery Finished? - 6th Dec 19
Precious Metals Ratio Charts - 6th Dec 19
Climate Emergency vs Labour Tree Felling Councils Reality - Sheffield General Election 2019 - 6th Dec 19
What Fake UK Unemployment Statistics Predict for General Election Result 2019 - 6th Dec 19
What UK CPI, RPI and REAL INFLATION Predict for General Election Result 2019 - 5th Dec 19
Supply Crunch Coming as Silver Miners Scale Back - 5th Dec 19
Gold Will Not Surpass Its 1980 Peak - 5th Dec 19
UK House Prices Most Accurate Predictor of UK General Elections - 2019 - 5th Dec 19
7 Year Cycles Can Be Powerful And Gold Just Started One - 5th Dec 19
Lib Dems Winning Election Leaflets War Against Labour - Sheffield Hallam 2019 - 5th Dec 19
Do you like to venture out? Test yourself and see what we propose for you - 5th Dec 19
Great Ways To Make Money Over Time - 5th Dec 19
Calculating Your Personal Cost If Stock, Bond and House Prices Return To Average - 4th Dec 19
Will Labour Government Plant More Tree's than Council's Like Sheffield Fell? - 4th Dec 19
What the UK Economy GDP Growth Rate Predicts for General Election 2019 - 4th Dec 19
Gold, Silver and Stock Market Big Picture: Seat Belts Tightened - 4th Dec 19
Online Presence: What You Need to Know About What Others Know About You - 4th Dec 19
New Company Tip: How To Turn Prospects into Customers with CRM Tech - 4th Dec 19
About To Relive The 2007 US Housing Market Real Estate Crash Again? - 3rd Dec 19
How Far Will Gold Reach Before the Upcoming Reversal? - 3rd Dec 19
Is The Current Stock Market Rally A True Valuation Rally or Euphoria? - 3rd Dec 19
Why Shale Oil Not Viable at $45WTI Anymore, OPEC Can Dictate Price Again - 3rd Dec 19
Lib Dem Election Dodgy Leaflets - Sheffield Hallam Battle General Election 2019 - 3rd Dec 19
Land Rover Discovery Sport Brake Pads Uneven Wear Dash Warning Message at 2mm Mark - 3rd Dec 19
The Rise and Evolution of Bitcoin - 3rd Dec 19
Virtual games and sport, which has one related to the other - 3rd Dec 19
The Narrative About Gold is Changing Again - 2nd Dec 19
Stock Market Liquidity & Volume Diminish – What Next? - 2nd Dec 19
A Complete Guide To Finding The Best CFD Broker - 2nd Dec 19
See You On The Dark Side Of The Moon - 2nd Dec 19
Will Lib Dems Win Sheffield Hallam From Labour? General Election 2019 - 2nd Dec 19
Stock Market Where Are We?  - 1st Dec 19
Will Labour's Insane Manifesto Spending Plans Bankrupt Britain? - 1st Dec 19
Labour vs Tory Manifesto Debt Fuelled Voter Bribes Impact on UK General Election - 30th Nov 19
Growing Inequality Unrest Threatens Mining Industry - 30th Nov 19
Conspiracy Theories Are Killing This Nation - 30th Nov 19
How to Clip a Budgies / Parakeets Wings, Cut / Trim Bird's Flight Feathers - 30th Nov 19
Hidden Failure of SIFI Banks - 29th Nov 19
Use the “Ferrari Pattern” to Predictably Make 431% with IPOs - 29th Nov 19
Tax-Loss Selling Drives Down Gold and Silver Junior Stock Prices - 29th Nov 19
We Are on the Brink of the Second Great Depression - 29th Nov 19
How to Spot REAL Amazon Black Friday Bargains and Avoid FAKE Sales - 29th Nov 19

Market Oracle FREE Newsletter

UK House prices predicting general election result

The Evil of the Welfare State, Depending on Dependency

Politics / Social Issues Sep 12, 2012 - 10:24 AM GMT

By: LewRockwell

Politics

Thomas Sowell writes: The theme that most seemed to rouse the enthusiasm of delegates to the Democratic National Convention in Charlotte was that we are all responsible for one another – and that Republicans don't want to help the poor, the sick and the helpless.

All of us should be on guard against beliefs that flatter ourselves. At the very least, we should check such beliefs against facts.


Yet the notion that people who prefer economic decisions to be made by individuals in the market are not as compassionate as people who prefer those decisions to be made collectively by politicians is seldom even thought of as a belief that should be checked against facts.

Nor is this notion confined to Democrats in America today. Belief in the superior compassion of the political left is a worldwide phenomenon that goes back at least as far as the 18th century. But in all that time, and in all those places, there has been little, if any, effort on the left to check this crucial assumption against facts.

When an empirical study of the actual behavior of American conservatives and liberals was published in 2006, it turned out that conservatives donated a larger amount of money, and a higher percentage of their incomes (which were slightly lower than liberal incomes) to philanthropic activities.

Conservatives also donated more of their time to philanthropic activities and donated far more blood than liberals. What is most remarkable about this study are not just its results. What is even more remarkable is how long it took before anyone even bothered to ask the questions. It was just assumed, for centuries, that the left was more compassionate.

Ronald Reagan donated a higher percentage of his income to charitable activities than did either Franklin D. Roosevelt or Ted Kennedy. Being willing to donate the taxpayers' money is not the same as being willing to put your own money where your mouth is.


Milton Friedman pointed out that the heyday of free market capitalism in the 19th century was a period of an unprecedented rise in philanthropic activity. Going even further back in time, in the 18th century Adam Smith, the patron saint of free market economics, was discovered from records examined after his death to have privately made large charitable donations, far beyond what might have been expected from someone of his income level.

Helping those who have been struck by unforeseeable misfortunes is fundamentally different from making dependency a way of life.

Although the big word on the left is "compassion," the big agenda on the left is dependency. The more people who are dependent on government handouts, the more votes the left can depend on for an ever-expanding welfare state.

Optimistic Republicans who say that widespread unemployment and record numbers of people on food stamps hurt President Obama's reelection chances are overlooking the fact that people who are dependent on government are more likely to vote for politicians who are giving them handouts.

President Franklin D. Roosevelt understood that, back during the Great Depression of the 1930s. He was reelected in a landslide after his first term, during which unemployment was in double digits every single month, and in some months was over 20 percent.

The time is long overdue for optimistic Republicans to understand what FDR understood long ago, and what Barack Obama clearly understands today. Dependency pays off in votes – unless somebody alerts the taxpayers who get stuck with the bill.

The Obama administration is shamelessly advertising in the media – whether on billboards or on television – for people to get on food stamps. Welfare state bureaucrats have been sent into supermarkets to tell shoppers that food stamps are available.

The intelligentsia have for decades been promoting the idea that there should be no stigma to accepting government handouts. Living off the taxpayers is portrayed as a "right" or – more ponderously – as part of a "social contract."

You may not recall signing any such contract, but it sounds poetic and high-toned. Moreover, it wins votes among the gullible, and that is the bottom line for welfare state politicians.

Thomas Sowell is a senior fellow at the Hoover Institution at Stanford University. His Web site is www.tsowell.com. To find out more about Thomas Sowell and read features by other Creators Syndicate columnists and cartoonists, visit the Creators Syndicate web page.

http://www.lewrockwell.com

    © 2012 Copyright Thomas Sowell - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules