Fans of redistribution seem to forget freedom’s essential need for property rights:

The founders’ study of history taught them that majority rule was susceptible to tyranny and that the protection of property rights was an indispensable condition for the preservation of freedom and for the growth of national wealth. The founders observed that tyrannical rule and material scarcity had by and large been the fate of man through the ages. They saw the confiscation of property by government in the name of the sovereign power of the state as an old and sorry story. Through the protection of property rights they meant to forge a new order of the ages. It lies to us to regain their understanding and act on it.

Capitalism is all about protecting a person’s property rights. In other words, capitalism is essential to a freely functioning democracy. This basic principle is lost on our current administration. Whose headed by a president many of you supported.

This entry was posted on Wednesday, May 13th, 2009 at 2:55 pm and is filed under Rights, Capitalism. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.