Wednesday, July 15, 2009

Larry Kelley : California Crack-Up - Townhall.com

Larry Kelley : California Crack-Up - Townhall.com: "While Karl Marx believed that socialism—and ultimately communism—would replace capitalism as the morally superior societal system, it was Margaret Thatcher who observed, “The trouble with socialism is that it always runs out of other people’s money.” Now, after 50 years of steady indoctrination by California’s media and education establishments, acquiescence to the soft tyranny of socialism dominates the culture, business climate and legislature. A byproduct of this is California’s massive government spending machine, where wealth redistribution is the organizing principle. Despite being home to the eighth-largest economy in the world, California is also teetering on insolvency.


Milton Friedman observed that one can’t have an open-border policy and a welfare state—the incentives are all wrong. Despite the 1996 federal Welfare Reform Act, California is one of the few states that still provides lifetime welfare benefits. In the mid-1990s, the National Academy of Sciences found that each native-born household paid $1,100 in additional taxes to accommodate new immigrants and illegal aliens. That study is more than 10 years old. Now, if President Barack Obama and the Democrat-led U. S. Congress do grant amnesty to the millions of illegals throughout the country, through chain migration, millions of new welfare recipients will pour into California. "

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