A Formula For Prosperity
The principle behind this American philosophy can be reduced to a rather simple formula:
Economic security for all is impossible without widespread abundance. Abundance is impossible without industrious and efficient production. Such production is impossible without energetic, willing and eager labor. This is not possible without incentive.
Of all forms of incentive – the freedom to attain a reward for one’s labors is the most sustaining for most people. Sometimes called THE PROFIT MOTIVE, it is simply the right to plan and to earn and to enjoy the fruits of your labor.
This profit motive DIMINISHES as government controls, regulations and taxes INCREASE to deny the fruits of success to those who produce. Therefore, any attempt THROUGH GOVERNMENTAL INTERVENTION to redistribute the material rewards of labor can only result in the eventual destruction of the productive base of society, without which real abundance and security for more than the ruling elite is quite impossible.
An Example Of The Consequences
Of Disregarding These Principles
We have before us currently a sad example of what happens to a nation which ignores these principles. Former FBI agent, Dan Smoot, succinctly pointed this out on his broadcast number 649, dated January 29, 1968, as follows:
“England was killed by an idea: the idea that the weak, indolent and profligate must be supported by the strong, industrious, and frugal – to the degree that tax-consumers will have a living standard comparable to that of taxpayers; the idea that government exists for the purpose of plundering those who work to give the product of their labor to those who do not work. The economic and social cannibalism produced by this communist-socialist idea will destroy any society which adopts it and clings to it as a basic principle – ANY society.”