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Thanksgiving, Property Rights, and Redistribution

Thanksgiving, Property Rights, and Redistribution

Posted on November 24, 2022 by Dan Mitchell

I normally share this video from Reason every Thanksgiving.

But this year I’m going to recycle instead a video from John Stossel.

The moral of the story is that societies based on collectivism do not succeed.

People don’t work hard when the rewards of their labor go to others. Even in small communities, that approach does not work.

By contrast, they have a much greater incentive to be productive when the benefits accrue to themselves and their families.

In a nutshell, redistributionism does not work. This is why the original Plymouth Colony was failing. And it’s why places such as Cuba today are so miserably poor.

This is a lesson to keep in mind when people on the left or right try to tell you that bigger government is a good idea.

Let’s conclude with some Thanksgiving-themed humor about libertarians.

There  are lots of jokes about a Trump-loving uncle causing discord over turkey, but libertarians have similar abilities.

They even relish the opportunity.

Two more items for our collection.

P.S. This column from the archives shows how politicians might ruin Thanksgiving.

———
Image credit: Max Pixel | CC0 1.0.


John Stossel property rights redistribution socialism Thanksgiving
November 24, 2022
Dan Mitchell

Dan Mitchell

Dan Mitchell is co-founder of the Center for Freedom and Prosperity and Chairman of the Board. He is an expert in international tax competition and supply-side tax policy.

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