Saturday, October 6, 2012

Mitt Romney on the redistribution of wealth

Mitt Romney said a while back that the redistribution of wealth is alien to America.
The voluntary redistribution of wealth is intrinsic to America. Forced redistribution is foreign. Voluntary redistribution is also known as Philanthropy; forced redistribution is Taxation.
Incidentally, this is also the reason that capitalism succeeds in only in America. People are not interested in building dynasties - wealth by inheritance - hence they have given so much away. This is true not just for the Gates, Waltons and Buffets, but also for the robber barons like Carnegie. I have a theory that 3rd world poverty is due to selfishness. If you want to learn more, do an internet search for "Can microhelping defeat 3rd world poverty?"