Thursday, July 09, 2009

Liberty Quote Of The Day: Frederic Bastiat

For those readers that are not familiar with Bastiat, we are pleased to introduce you. Bastiat's concept from 1850 of that which is seen and that which is not seen permeates an enormous portion of TILB's thinking. He will be a frequent contributor to Liberty Quote of the Day.

Today, we bring you Bastiat's concise and trenchant views of taxation and wealth redistribution as legalized theft:

"Sometimes the law defends plunder and participates in it. Thus the beneficiaries are spared the shame and danger that their acts would otherwise involve... But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them and gives it to the other persons to whom it doesn't belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish that law without delay ... No legal plunder; this is the principle of justice, peace, order, stability, harmony and logic."
- Frederic Bastiat