- Fifteen Principles Which Make For Good And Proper Government
- The Power Of True Liberty From Improper Governmental Interference
- What Is Wrong With A “Little” Socialism?
- An Example Of The Consequences Of Disregarding These Principles
- A Formula For Prosperity
- The Basic Error Of Marxism
- The Real Cause Of American Prosperity
- Government Cannot Create Wealth
- The Nature Of Legal Plunder
- Summary Thus Far
The principle behind this American philosophy can be reduced to a rather simple formula:
1. Economic security for all is impossible without widespread abundance.
2. Abundance is impossible without industrious and efficient production.
3. Such production is impossible without energetic, willing and eager labor.
4. This is not possible without incentive.
5. Of all forms of incentive – the freedom to attain a reward for one’s labors is the most sustaining for most people. Sometimes called THE PROFIT MOTIVE, it is simply the right to plan and to earn and to enjoy the fruits of your labor.
6. This profit motive DIMINISHES as government controls, regulations and taxes INCREASE to deny the fruits of success to those who produce.
7. Therefore, any attempt THROUGH GOVERNMENTAL INTERVENTION to redistribute the material rewards of labor can only result in the eventual destruction of the productive base of society, without which real abundance and security for more than the ruling elite is quite impossible.