Sunday 14 February 2010

The Socialists do not respect private property

People generally don't want to give their possessions to the Government; taxes are compulsory, not voluntary. They prefer to keep their own belongings so that they may make use of them. People do not derive the same satisfaction from their wealth when it is transferred to the Government, it may be wasted and it is certainly shared.

It is not easy to effectively share labour. For example, your neighbour does not know what food you might like to eat and doesn't know what colour you want your kitchen walls to be painted. If the Government has failed to do a good job, there is nothing we can do about it and we cannot withhold our cooperation next time. There is no (negative) consequence for bad service.

If the Government chooses to take wealth from the rich, then there is no incentive to become rich. Private property is a vital prerequisite for a viable and functioning Society, and must therefore be respected by Democracy. If we do not respect private property, and the ability to trade that property (which includes the labour of our bodies) then we will suffer from poverty even in modern times.

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