Unconstitutional Congressional redistribution

Today, of course, the redistributive powers of Congress are everywhere — except in the Constitution. The result is the feeding frenzy that is modern Washington, the Hobbesian war of all against all as each tries to get his share and more of the common pot the tax system fills. … It is unseemly and wrong. More than that, it is unconstitutional, whatever the slim and cowed majority on the New Deal Court may have said.

How socialism becomes fascism

If the State takes the power of disposal from the owner piecemeal, by extending its influence over production; if its power to determine what direction production shall be, is increased, then the owner is left at last with nothing except the empty name of ownership, and property has passed into the hands of the State.

The free market limits oppression

[T]he power which a multiple millionaire, who may be my neighbor and perhaps my employer, has over me is very much less than that which the smallest fonctionaire possesses who wields the coercive power of the state and on whose discretion it depends whether and how I am to be allowed to live or to work? And who will deny that a world in which the wealthy are powerful is still a better world than one in which only the already powerful can acquire wealth?

Labor is not the source of wealth

Brilliance — even genius — is no guarantee that consequential factors have not been left out or misconceived. Karl Marx’s Capital was a classic example of an intellectually masterful elaboration of a fundamental misconception — in this case, the notion that “labor,” the physical handling of the material and instruments of production, is the real source of wealth. Obviously, if this were true, countries with much labor and little technology or entrepreneurship would be more prosperous than countries with the reverse, when in fact it is blatantly obvious that the direct opposite is the case.

Socialism must be voluntary

A libertarian society actually gives full permission for voluntary socialism. The problem is that it’s so inefficient that the socialists know their system is going to fail, so they have to use the force of a government gun to take money from the people who aren’t socialists in order to subsidize their programs.

Pausing immigration to rid newcomers of foreign attachments

[T]here is a wide difference between closing the door altogether and throwing it entirely open; between a postponement of fourteen years and an immediate admission to all the rights of citizenship. Some reasonable term ought to be allowed to enable aliens to get rid of foreign and acquire American attachments; to learn the principles and imbibe the spirit of our government; and to admit of at least a probability of their feeling a real interest in our affairs.