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Freedom, Virtue, and Responsibility, Part 2

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The welfare state and the managed economy do more than destroy individual self-esteem. They also destroy hopes of improving one's life. Now, we know that money cannot buy happiness, but certainly the hopes of improving one's own economic well-being provide a stimulus to happiness. That is to say, if a person can engage in the enterprise that suits him best and make money at it as well there is a much better chance of his being happy as he progresses from birth to death. But the welfare state punishes and discourages the idea of financial self-improvement, and even makes people feel guilty for it! For example, what is the underlying message of the progressive income tax the jugular vein of the welfare state? "The better you do, the more we will punish you with higher taxes. And if you do well financially, you should feel guilty that you ...

Freedom, Virtue, and Responsibility, Part 2

by
The welfare state and the managed economy do more than destroy individual self-esteem. They also destroy hopes of improving one's life. Now, we know that money cannot buy happiness, but certainly the hopes of improving one's own economic well-being provide a stimulus to happiness. That is to say, if a person can engage in the enterprise that suits him best — and make money at it as well — there is a much better chance of his being happy as he progresses from birth to death. But the welfare state punishes and discourages the idea of financial self-improvement, and even makes people feel guilty for it! For example, what is the underlying message of the progressive income tax — the jugular vein of the welfare state? "The better you do, the more we will punish you with higher taxes. And if you do well financially, you should feel guilty that you ...

Private: Freedom Daily – 1992

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January 1992 Crime in America by Jacob G. Hornberger The Causes and Consequences of World War II, Part 3 by Richard M. Ebeling The Drug War Hits Home by David Boaz Book ReviewEconomic Freedom by Richard M. Ebeling To receive your personal copy of Freedom Daily, subscribe to our print version ($25 per year) or our email version ($15 per year).   February 1992 Tyranny at the State and Local Level by Jacob G. Hornberger Fighting Statism in a Post-Communist World by Richard M. Ebeling Limited GovernmentA Moral Issue by C.W. Anderson Fair versus Free by Milton Friedman Book ReviewMonetarist Economics by Richard M. Ebeling To receive your personal copy of Freedom Daily, subscribe to our print version ($25 per year) or our email version ($15 per year).   March 1992 Race, Power, and Repatriation by Jacob G. Hornberger Nationalism and Classical Liberalism by Richard M. Ebeling Bringing the Revolution Home by David F. Nolan Book ReviewThe Collected Works of F.A. Hayek, Volume 3: The Trend of Economic Thinking by ...