Archive for April 18th, 2011

Sometimes it is quite astounding to see theory and reality come together. Like the other day when Bill Maher talked again about redistributing income and it slipped out that his policies would actually use force as a matter of course.

At first most people might be tempted to agree with him. But at a second glance, his statistics are flawed and his conclusion is shockingly aggressive:

You have to beat it [the rich people] with a stick.

Reminds me of a great Friedman quotation:

There has been one underlying basic fallacy in this whole set of social security and welfare measures. And that is the fallacy – this is at the bottom – that it is feasible or possible to do good with other people’s money. Now, you see that view has two flaws: If I am going to do good with other people’s money, I first have to take it away from them. That means that the welfare state philosophy of doing good with other people’s money, at its very bottom, is a philosophy of violence and coercion. It is against freedom because I have to use force to get the money. In the second place, very few people spend other people’s money as carefully as their own.


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Rumors have circulated for years and some say he’s just touting himself as a successful business man, but maybe we will actually see one of the most interesting candidates running for presidency: Donald Trump

Part of beauty of me is that I am very rich.

Let aside what his policies are (who knows?), it would be interesting to see whether money can buy you the Oval Office. Trump’s personal wealth of almost three billion would put him in a comfortable, or competitive, position to Obama who is hoping for one billion to spend on his re-election campaign. So in any event, it’s gonna be hideously expensive no matter who challenges Obama.

At least there is some evidence that it’s not just money deciding on election success. In the 2010, Meg Whitman (founder of ebay) launched a $178m campaign on her candidacy for Governor of California. That was more than any other self-funded political candidate spent in U.S. history. However, she lost against former Governor Jerry Brown.

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