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2007·03·23
Thomas Sowell’s “Random Thoughts”

Thomas Sowell’s “Random Thoughts” are on par with my most profound thoughts. Here are a few of my favorites:

Amid all the media hysteria over the price of gasoline and the profits of “Big Oil,” one simple fact has been repeatedly overlooked: The oil companies’ earnings are just under 10 percent of the price of a gallon of gas, while taxes take 17 percent. Yet who ever accuses the government of “greed”?

Despite political spin about “tax cuts for the rich,” cuts in tax rates have led to increases in tax revenues -- not only in this administration, but in the Reagan administration before that, and the Kennedy administration before that, not to mention in India and Iceland as well.

When the Constitution’s protection of private property was disregarded, so that politicians could rob from the rich to give to the poor, that also gave politicians the power to rob from the poor and give to the rich -- such as seizing homes in low-income neighborhoods and turning that property over to developers.

A reader says that he had a T-shirt made that said: “Stop Continental Drift!” It made as much sense as “Stop Global Warming.”

Read the rest here.


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