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 SowellSocial values in general are incrementally variable: neither safety, diversity, rational articulation, nor morality is categorically a good thing to have more of, without limits. All are subject to diminishing returns, and ultimately negative returns.
Thomas SowellYou may scoff at the Tooth Fairy if you like. But the Tooth Fairy's approach has gotten more politicians elected than any economist's analysis.
Thomas Sowell