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" "Socialism tends to destroy wealth. Socialism does this by draining
its vitality away. It does this by destroying the desirability of wealth
as a wholesome value. Socialism kills the chance that any community
can survive by browbeating the concept of vested ownership, on
which community survival is always dependent in the end.
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I strongly believe that the best economic policy
for any administration is the one that seeks to produce more entrepreneurs,
not just more minimally educated college graduates with
nowhere to go. Nothing against recent college graduates, but many
of today’s best universities are no longer providing the basics of a
classical liberal education.
That is why the single most important economic issue of our
time — and one that impacts the poor and middle class alike — will be
how we treat the entrepreneurs and wealth creators among us, from
both the government and the private-sector viewpoints.