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The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
– Alan Greenspan, “Gold and Economic Freedom” in Ayn Rand, ed., Capitalism:
Comment:
The welfare state requires that there be no way for the owners of wealth to protect themselves with Gold, but by buying real estate instead is mandatory. But you can’t hide it or move it around. And you pay property taxes each year to welfare state.
WELLFARE STATE:
#1 Millions of people with tit jobs working directly at various gov’t jobs and agencies.
#2 Millions of people working for gov’t contractors and vendors.
#3 Millions of people working at occupations created by gov’t rules, like accounting and booking for example to prepare for income taxes.
#4 Millions of occupations supported by low interest rates, like real estate and new car sales.
#5 Millions of people in foreign nations, because of rigged currency exchange rates, building and selling cars to Americans.
I can go on and on but why bother? The welfare state in NOT the guy on food stamps and section eight housing. Corporate welfare is the big one.