“If we can’t ask from society’s lottery winners to just make that modest investment, then really this conversation is for show.” Barack Hussein Obama speaking at Georgetown University’s May 12 poverty summit
Intellectual Dishonesty by Walter E. Williams
Dr. Williams serves on the faculty of George Mason University as John M. Olin Distinguished Professor of Economics and is the author of ‘Race and Economics: How Much Can Be Blamed on Discrimination?’ and ‘Up from the Projects: An Autobiography.’
Excerpt from Williams article:
A lottery is defined by Oxford Dictionaries as “a process or thing whose success or outcome is governed by chance.” The question before us is whether wealth is something that is obtained by chance. Did Bill Gates acquire his wealth by luck or chance? Or did he produce something that benefited his fellow man, causing people to voluntarily reach in their pockets to pay?
Gayle Cook and her late husband, William Cook, founded a medical device company using a spare bedroom in their apartment as a factory. Their company specializes in stents and antibiotic catheters. Now Gayle Cook has a net worth in the billions of dollars. Was she a winner in the lottery of life, or did she have to do something like serve her fellow man?
Obama’s profound dishonesty and brand of socialism has failed miserably and with catastrophic results wherever and whenever it has been implemented in full – the Communist countries of the old Soviet Union, China and Cambodia are prime exhibits of the natural conclusion of the idea of personal achievement and success being the result of “society’s lottery winners … “
Don Johnson – June 2015