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Socialists don’t understand that wealth must be CREATED before it can be distributed. If there is no wealth, there is nothing to distribute.

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Thomas Sowell Daily

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34,092 просмотров • 18 дней назад •via X (Twitter)

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Socialists often start by distributing wealth. They forget it first has to be created. The truth is that the creation of wealth is the most fundamental of all social services.
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Socialists often start by distributing wealth. They forget it first has to be created. The truth is that the creation of wealth is the most fundamental of all social services.

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"If there is no wealth, there is no social justice." On Thursday, the Cuban government approved an emergency package introducing unprecedented economic measures which would allow private banks, private real estate development and expand opportunities for private enterprise and foreign investment, including from Cubans abroad. The day before, Cuban president Miguel Díaz-Canel delivered a speech to the Central Committee explaining the reforms in light of the “financial persecution” of the US and its “cruel" blockade. He discussed the necessity of the reforms to create wealth for the state so that it can distribute it equitably and continue its agenda of social justice for the Cuban people: “If there is no wealth, there is nothing to distribute.”
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"Socialists have a remarkable lack of interest in how wealth is created. As far as they know, wealth just exists somehow, and the only interesting question is how to redistribute it,” Thomas Sowell said. If Mamdani wants to unveil billions in new programs he should be far more concerned with wealth creation that redistribution... America Reports Sandra Smith
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This is BIG: Nikhil Kamath, of Zerodha comes out in support of inheritance tax. He says, "When predicated wealth transfers from one generation to another, there has to be a filter so that a part of it can be redistributed. There is plenty of precedence to inheritance tax"
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