Neither the depth of despondency nor the height of euphoria tells you how long either will last.
Thomas SowellOne of the bitter ironies of the 20th century was that communism, which began as an egalitarian doctrine accusing capitalism of selfishness and calloused sacrifices of others, became in power a system whose selfishness and callousness toward others made the sins of capitalism pale.
Thomas SowellThose who automatically say that the social pathology of the ghetto is due to poverty discrimination and the like cannot explain why such pathology was far less prevalent in the 1950s, when poverty and discrimination were worse. But there were not nearly as many grievance mongers and race hustlers then.
Thomas SowellAll the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, it is about politics.
Thomas SowellA friend from India told me that a countryman of his said: "I want to go to America. I want to see a country where poor people are fat."
Thomas SowellMost of the people in the upper income brackets are not rich and do not have wealth sheltered offshore. They are typically working people who have finally reached their peak earning years after many years of far more modest incomes-and now see much of what they have worked for siphoned off by politicians, to the accompaniment of lofty rhetoric.
Thomas Sowell