Our Founding Fathers well understood that concentrated power is the enemy of liberty and the rights of man. They knew that the American experiment in individual liberty, free enterprise and republican self-government could succeed only if power were widely distributed. And since in any society social and political power flow from economic power, they saw that wealth and property would have to be widely distributed among the people of the country. The truth of this insight is immediately apparent.[Today 2011]
Could there be anything resembling a free enterprise economy, if wealth and property were concentrated in the hands of a few, while the great majority owned little more than the shirts on their backs?
Could there be anything but widespread misery, where a privileged few controlled a nation's wealth, while millions labored for a pittance, and millions more were desperate for want of employment?
It should be clear to everyone that the nation's steadfast policy should afford every American of working age a realistic opportunity to acquire the ownership and control of some meaningful form of property in a growing national economy.
This is not to say that the government should confiscate from the "haves" and bestow upon the "have-nots", beyond the requirements of a compassionate welfare program to provide for those who cannot provide for themselves. Far from it. But it is to say that our duty is to foster a strong, vibrant wealth-producing economy which operates in such a way that new additions to wealth accrue to those who presently have little or no ownership stake in their country.
-- From unpublished Reagan letter sent to New Orleans Times Picayune, based on note from John McClaughry, SeniorPolicy Advisor, Reagan Bush Committee, 10/31/80.
How are 'YOU' going to Finance the Future and pay for all the Debt???
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