< HOME  Tuesday, November 22, 2005

Words of Wisdom From A Former President

"Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law;..."

i.e., redistributing wealth is a bad idea; I agree.
"...but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society the farmers, mechanics, and laborers who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government..."

i.e., handing out monopolies is a bad idea; I agree.
"There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles.

Andrew Jackson was referring to a bill before him to renew the exclusive charter of the central bank of the United States of America which he rightfully vetoed. Read the excerpt where I got these quotes, and the full text of his letter, if you care to know the truth.

And for those of you who despise communism and socialism because they involve redistribution of wealth; well, through a centralized interest-based monetary system our money is being redistributed BEFORE it ever gets to us!


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