Adam Smith the founder of Capitalism

First we must address the fact that what you have experienced in your lives is not real Capitalism. As a matter of fact it we have not experienced capitalism since your great-grandfathers time. When the papers and politicians proclaim that Capitalism just does not work, they simply do not know what they are talking about. Real Capitalism has not been experienced since the early nineteen-hundreds here in the United States. Presidents Hoover and Wilson started and perpetuated the Great Depression with the New Deal and the new movement of transferring wealth from rich to poor. We did not have an income tax in this country until 1862 when President Lincoln needed to pay for the war.  By the way that is what taxes are for to pay for what government does.

Many of our Founding Fathers patterned our economic system after the Scotsman Adam Smith. For those of you that don’t know Adam Smith, Smith was an 18th Century educator and wrote two very important works in history. The first was The Theory of Morale Sentiments, and the second The Wealth of Nations. If you read those two works and the works of Ayn Rand, Atlas Shrugged, then you are well equipped to understand the theory of economics. There are simpler books and more readily available. If you are interested in Wealth of Nations , then I strongly suggest a book by P.J. O’Rourke On The Wealth of Nations . The first of Adam Smith’s  books , Moral  and Sentiments, helps you understand that Capitalism, just like the Constitution of the United States, must be used by moral and honest people. Immoral and dishonest people can make any system or government structure corrupt.
I bring this up because of the current use of the term Socialism. As if it just reared it’s ugly head since Barack Obama was made President. Anytime you transfer ( insert the word steal) wealth from one group of people to another, such as rich to poor, that is Socialism. Socialism just simply does not work. Look at countries like Russia, France, and others. As well as versions or advancements in Socialism such as Marxism, and Communism. Many say that people simply are not charitable. This is completely untrue, but that is a good excuse to have the government take your money and then it to someone else. By the way the IRS uses force to take your money, try not paying your taxes for a couple of years, the definition of theft is taking money by force. Our Founding Fathers were close enough in history to of remembered what happened to us in Scotland and Ireland. Shut off the big screen and read some history, before they ban the books. It’s happened before.