With even more government intervention in the economy recently – “Cash for Clunkers” and the healthcare dictates on the horizon- I’m convinced more than ever that despite the Constitution we live in the United Socialist States of America. If there’s any doubt, Frédéric Bastiat painted a clear picture 159 years ago as he battled the socialists of France. From The Law (L.68):
Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole—with their common aim of legal plunder—constitute socialism.