Walter Williams is a veteran, a professor of economics at George Mason University, a syndicated columnist, a fill-in host for Rush Limbaugh and an author of eight books. Williams has one of the finest minds in America as you’re about to see as you read these quotations.
20) How many times have we heard “free tuition,” “free health care,” and free you-name-it? If a particular good or service is truly free, we can have as much of it as we want without the sacrifice of other goods or services. Take a “free” library; is it really free? The answer is no. Had the library not been built, that $50 million could have purchased something else. That something else sacrificed is the cost of the library. While users of the library might pay a zero price, zero price and free are not one and the same. So when politicians talk about providing something free, ask them to identify the beneficent Santa Claus or tooth fairy.
19) During the first Reagan administration, I participated in a number of press conferences on either a book or article I’d written or as a panelist in a discussion of White House public policy. On occasion, when the question-and-answer session began, I’d tell the press, “You can treat me like a white person. Ask hard, penetrating questions.” The remark often brought uncomfortable laughter, but I was dead serious. If there is one general characteristic of white liberals, it’s their condescending and demeaning attitude toward blacks.
18) Legality alone is no guide for a moral people. There are many things in this world that have been, or are, legal but clearly immoral. Slavery was legal. Did that make it moral? South Africa’s apartheid, Nazi persecution of Jews, and Stalinist and Maoist purges were all legal, but did that make them moral?
17) Households earning $250,000 and above account for 25 percent, or $1.97 trillion, of the nearly $8 trillion of total household income. If Congress imposed a 100 percent tax, taking all earnings above $250,000 per year, it would bring in about $1.9 trillion. That would keep Washington running for 190 days, but there’s a problem because there are 175 more days left in the year.The profits of the Fortune 500 richest companies come to $400 billion. That would keep the government running for another 40 days, to mid-July.
America has 400 billionaires with a combined net worth of $1.3 trillion. If Congress fleeced them of their assets, stocks, bonds, yachts, airplanes, mansions and jewelry, it would get us to at least late fall.The fact of the matter is there are not enough rich people to come anywhere close to satisfying Congress’ voracious spending appetite.