Murray Rothbard on the Welfare State and Redistribution

„The modern welfare state, highly touted as soaking the rich to subsidize the poor, does no such thing. In fact, soaking the rich would have disastrous effects, not just for the rich but for the poor and middle classes themselves. For it is the rich who provide a proportionately greater amount of saving, investment capital, entrepreneurial foresight, and financing of technological innovation that has brought the Unites States to by far the highest standard of living - for the mass of the people - of any country in history.“

Murray RothbardMurray Rothbard criticizes the welfare state and explains the importance of savings, investment, and innovation.
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Murray Rothbard was an American economist, historian, and political philosopher known for his contributions to libertarian theory and anarcho-capitalism.

Rothbard criticizes the redistributive logic of the welfare state and emphasizes the economic role of savings, investment, and innovation.


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Murray Rothbard quote about the welfare state, wealth redistribution, saving, investment, and technological innovation

Murray Newton Rothbard (1926–1995) was an American economist, historian, and political philosopher considered one of the leading figures in anarcho-capitalism and the libertarian movement. He was a prominent critic of government intervention in economy and society and authored numerous influential works on free market economics, monetary theory, and political philosophy.

Murray Rothbard quote about wealth, taxation, thrift, and investmentCopyright © yoice.net – Quote Artwork
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"Soaking the rich would not only be profoundly immoral, it would drastically penalize the very virtues: thrift, business foresight, and investment, that have brought about our remarkable standard of living. It would truly be killing the goose that lays the golden eggs." Murray Rothbard
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