2004-11-19

Blogger in the Lantern - Market Decisions

Podraza made an apperance in the Lantern today, you can read the full article here. He expertly responds to a previous editorial and debunks the liberal misconceptions of economics.

This reminds me of a pre-election conversation with another student. This student, who voted for Kerry, insisted that he and his parents vote for democrats because they earn so much money they don't care to keep any more of it. So they are happy letting the government have it? If that is the case then they are free to write the IRS a fat check and drop it in the mail. Their donation would be tax deductible. Unfotunately I directed the conversation toward the issue of how much tax one individual should have to pay. The real question is one of accountability. What institution can best make decisions about how to spend that money? If they have more money than they know what to do with then that is great, however I firmly believe the government is the worst institution when it comes to financial decisions.

What does Bill Gates do with all of his extra money? Does he donate it to the government? No, he started the Bill & Melinda Gates foundation which directly benefits millions of children and people all around the world. Bill does not trust the government to responsibly spend his money. Nobody should.

Way to go Steve! I'm glad to see a rational mind get published in the Liberal Lantern.

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