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Is there anyone in Washington, Dem or Repub, who agrees with John Stuart Mill (see quote below) today?
The utility of a large government expenditure for the purpose of encouraging industry is no longer maintained. Taxes are not now esteemed to be like the dews of heaven, which return in prolific showers. It is no longer supposed that you benefit the producer by taking his money, provided that you give it to him again in exchange for his goods. There is nothing which impresses a person of reflection with a strong sense of the shallowness of the political reasoning of the last two centuries than the general reception so long given to a doctrine which, if it proves anything, proves that the more you take form the pockets of the people to spend on your own pleasures, the richer they grow: that the man who steals money out of a shop, provided that he expends it all again at the same shop, is a public benefactor to the tradesman whom he robs, and that the same operation, repeated sufficiently often, would make the tradesman a fortune.
(Essays on Economics and Society, Routledge & Kegan Paul, 1967, pp. 262-263).
- Anonymous1 decade agoFavorite Answer
He most refer at an economy which money is based on gold or other tangible value but our money is an illusion based on military power.
- Linda JLv 71 decade ago
Let's face it:
Not enough Americans can read english well enough to even understand what he's trying to say.
They need the TV talking head to spoon them; and of course they will be fed only what the talking head feels they need to know.
America has become the perfect breeding ground for illiterate sheeple, too dumb and too used to instant gratification to be bothered with anything but what they are told to do.
- 1 decade ago