It’s Immoral to Spend Other People’s Money

I hear Margaret Thatcher said, “The trouble with socialism is that you eventually run out of other people’s money.” This is why health care reform, if it is a method for reducing some people’s medical bills by giving them the taxes taken from others, is only another problem, not a solution. Why do anti-trust laws not apply to insurance companies? Why are those companies bound by state lines? Is that not a tax-free way to increase competition, if that is the goal for health care reform?

But about socialism, here’s another good critique from the former prime minister:

0 thoughts on “It’s Immoral to Spend Other People’s Money”

  1. “But what the honorable member is saying is that he would rather the poor were poorer provided the rich were less rich.”

    Bingo. Thatcher sums up politicized class warfare in a single sentence.

  2. Of course we come to this with the understanding that it never was our money, its all God’s.

  3. That’s a great point for avoiding personal worry, but it doesn’t apply to the social principle. It is not just for the government to take a great deal from some citizens in order to subsidize the lives of other citizens, making them a special lower class in the process.

  4. Yes, but not if you spend it on the bottomless pit of the world wide military-machine, and the INEVITABLR never-ending wars created by this death machine.

  5. Fortunately, that isn’t being done. Talk to the Russians and Soviets about that. What we have in America now is a government which appears to have no financial foundation and may run our economy into the ground.

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