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JHC

Economic ????

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An elementary view on economics.


1. You cannot legislate the poor into prosperity, by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it.
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work, because somebody else is going to get what they work for, that is the beginning of the end of any nation.
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  1. GoneBaroque's Avatar
    Common Sense, definitely; elementary? I am not so sure. It seems to be a concept which governments are incapable of grasping. A concept which transcends ideological differences. Like all basic truths it is simple in concept but profound in content.

    Thank you for your thoughts. As youcan tell, I am in complete accord.

    Rob
  2. Chi_townPhilly's Avatar
    Great stuff! Along a similar line, I've recently shared a couple of William Boetcker's "Ten Cannots."

    Here they are, in toto-

    1. You cannot bring about prosperity by discouraging thrift.
    2. You cannot help small men by tearing down big men.
    3. You cannot strengthen the weak by weakening the strong.
    4. You cannot lift the wage earner by pulling down the wage payer.
    5. You cannot help the poor man by destroying the rich.
    6. You cannot keep out of trouble by spending more than your income.
    7. You cannot further the brotherhood of man by inciting class hatred.
    8. You cannot establish security on borrowed money.
    9. You cannot build character and courage by taking way men's initiative and independence.
    10. You cannot help men permanently by doing for them what they could and should do for themselves.
  3. GoneBaroque's Avatar
    We have a political commentator here in the U. S. who often says "I never got a job from a poor man".