Friday, December 02, 2011

The Immorality of Democratic Voting - Kel Kelly - Mises Daily

The Immorality of Democratic Voting - Kel Kelly - Mises Daily: 'How is it that people are outraged when a CEO steals from his company, or a street thug steals a car, but they are not upset with themselves and their poorer neighbors for stealing from those who rightfully earned more money than they?'

'In 2008, congresswoman Maxine Waters threatened, on behalf of "society," to nationalize (i.e., to steal) the privately owned companies in the oil industry[9] due to the "large" profits they were making, since oil was at the highest price in years. But Congress itself brought about the high profits by

sanctioning the printing of money by the Fed (increased demand) and
preventing new oil drilling and refining (reduced supply).
One hundred fifty years ago, oil was a worthless substance. Companies voluntarily extracted and refined it, and made it useful, significantly improving our lives in the process. But by threatening nationalization, the government now threatens to take away the property of the millions of individuals who own these companies, by force, against their will. Americans should have been shocked and aghast that this government threat could happen in their own "free" country; instead, most agreed with her sentiments. If this is moral, then virtually anything could be argued as being moral.'

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