You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.
Thomas SowellToo many policies, programs and institutions are judged by what they are supposed to do, rather than by what they actually do and the consequences of their actions.
Thomas SowellEach new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
Thomas SowellBoth HUD and the Department of Justice began bringing lawsuits against mortgage bankers when a higher percentage of minority applicants than white applicants were turned down for mortgage loans. A substantial majority of both black and white mortgage loan applicants had their loans approved but a statistical difference was enough to get a bank sued.
Thomas SowellMuch of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.
Thomas SowellDeep thinkers who look everywhere for the mysterious causes of poverty, ignorance, crime and war need look no further than their own mirrors. We are all born into this world poor and ignorant, and with thoroughly selfish and barbaric impulses. Those of us who turn out any other way do so largely through the efforts of others, who civilized us before we got big enough to do too much damage to the world or ourselves.
Thomas Sowell