Thursday, June 17, 2010
A Bleg: That Quote
An article about a drive to get America's billionaires to donate half of their personal wealth to charity has reminded me of an especially elusive quotation I was surprised to hear read over the radio eons ago. This article, like several other bits of news and commentary in the recent past, has reminded me of that quote and made me want to track it down.
I haven't read the entire article, but its title aroused my curiosity enough to locate the following within:
Those qualifiers noted, the magazine stated the 2009 net worth of the Forbes 400 to be around $1.2 trillion. So if those 400 were to give 50% of that net worth away during their lifetimes or at death, that would be $600 billion. You can think of that colossal amount as what the Buffett and Gates team is stalking -- at a minimum.All one has to do is ponder the trillions in obligations that Bush and Obama are burdening our nation with to appreciate how much damage they will do to our economy, and how this "colossal" effort pales in comparison with the government's ability to loot us faster than we can even think about giving things away.
I am pretty sure the author of the quote I have in mind was Ayn Rand, but no amount of creative searching has helped me find it. It went something along the lines of there not being enough wealth in existence in the world to feed every mouth or fill every need -- and that taking it all would not only not be enough, but would destroy our economy's ability to create the wealth necessary for our continued existence.
Has anyone heard or read such a quote? If so, can you tell me where I can find it?
Note: I may be slow getting to replies today, as I am scheduled for oral surgery and might be recovering from anesthesia this evening.
Update: Thanks to Jennifer Snow, I found the quote.
How NOT to Fight Back, Part 506
Glenn Reynolds notes that the RNC is slamming Barack Obama for playing golf during the Deepwater Horizon disaster, which is precisely the last thing it should be doing. Worse still, the ad (which is embedded at the above link) features an extended video overlay of James Carville urging Barack Obama to "take control" of things.
So much for the GOP having any credibility as a party of limited government.
Reynolds describes the above sound bite as "knife-twisting." I guess if he means this as the culmination of an act of hara-kiri (minus any sense of honor), I might be able to agree with him.
Chiding your enemy for not practicing his irrational principles enough -- while not standing up for a rational alternative at the same time -- is to confess intellectual bankruptcy.
This video is sickening, but I recommend watching it as a reminder of what we're up against. It's plainly not just the Democrats.
We don't need ... more ... regulation.
On HBL, Harry Binswanger recently pointed to the following bit of useful intellectual ammunition:
Financial services have long been subject to detailed regulation by multiple agencies. In his book on the financial crisis, Jimmy Stewart is Dead, Boston University Professor Laurence Kotlikoff counts over 115 regulatory agencies for financial services. If more hands in the pot helped, financial services would be in fine shape. Few believe such is the case.115?!?! That's a good number to be able to toss out there in casual conversation.
The Decline of Civilization
Reader Fernando emails me a link to a humorous infographic illustrating the decline of philosophy in the West in terms of the kinds of questions we are asking.
Today: Corrected a typo. Updated first section.