Shim_ZA®

Annoying Auditor, Investor In Chief, Early-Retiree Attempter. My biggest fear is when I die and my wife will sell my guitars 🎸 for what I told her they cost 🤔

[Shim_ZA® @TheIndexologist]

"It is so easy to be wrong—and to persist in being wrong—when the costs of being wrong are paid by others." - Thomas Sowell

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman on five myths that just won’t die:

1) The Robber Baron myth
2) The Great Depression myth
3) The Big Government myth
4) The Free Lunch myth
5) The Robin Hood myth

[Libertario 🟨⬛ @QuotesforGoal]

"Algunos izquierdistas creen que el mundo comunista funcionaría bien si la «gente buena» estuviera a cargo de él. No se dan cuenta de que, por definición, la gente buena no quiere controlar la vida de los demás"

Ludwig von Mises

[F. A. Hayek Quotes @FAHayekSays]

Ludwig von Mises, Hayek’s early mentor, wrote one of the most brutal takedowns of socialism ever:

“The champions of socialism ... call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent.

They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.”

[Students For Liberty @sfliberty]

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."

— Winston Churchill

[Magatte Wade @magattew]

This is precisely how USAID and Western aid made Africa poorer while claiming to save us (how come no one talks about this?):

[Magatte Wade @magattew]

100%

[Magatte Wade @magattew]

Marxism has a 100% failure rate.

It has failed everywhere it has been given the chance to succeed.

[Shim_ZA® @TheIndexologist]

Government invested R18 billion in pension funds in 23 companies and lost 100% of its money https://t.co/P4XO241Aca

[Milton Friedman Quotes @MiltonFriedmanW]

“The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.”

— Milton Friedman

[Sowell Economics @sowelleconomics]

Thomas Sowell: “Over the generations, black leaders have ranged from noble souls to shameless charlatans.”

[Libertario 🟨⬛ @QuotesforGoal]

"El estado no produce riqueza, la destruye. Solo los individuos crean riqueza y prosperidad en la sociedad"

Adam Smith

[Sowell Economics @sowelleconomics]

@SenWarren “The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions.”

- Adam Smith

[Margaret Thatcher @realmrsthatcher]

There's a consistent tendency in our society today to downgrade the creators of wealth. What those critics apparently can't stomach is that wealth creators have a tendency to acquire wealth in the process of creating it for others.

[David J Harris Jr @DavidJHarrisJr]

Javier Milei: "Socialists propose to redistribute the wealth because they're unable to create it."

Thoughts?

[Tony Lane 🇺🇸 @TonyLaneNV]

On the same day Elon Musk became the first trillionaire in human history New York City mayoral candidate Zohran Mamdani announced he wants to tax billionaires like Musk to fund his agenda.

Here is what that argument misses entirely. Elon Musk did not inherit a trillion dollars. He built Zip2 from scratch. He reinvested into PayPal. He bet everything on Tesla and SpaceX when both were on the verge of collapse.

He slept on factory floors. He nearly went bankrupt in 2008. He kept building when the world laughed at him. That is not luck. That is capitalism working exactly as intended.

The idea that the moment someone succeeds the government’s first instinct should be to take more of what they earned is exactly why entrepreneurs leave high tax states and cities in the first place. New York is already losing residents faster than almost any state in America.

Threatening to tax the people who create jobs and drive innovation is not a solution. It is the problem. Congratulations to Elon Musk. The first trillionaire. Built not given.

[Bad Hombre @Badhombre]

The African immigrant on the left has founded seven companies, directly and indirectly created 800,000 good paying jobs, created thousands of new American millionaires, developed reusable orbital rockets and brain chips that are giving independence to paraplegics, saved free speech, and can’t stop talking about how much he loves America.

The African immigrant on the right married her brother to commit immigration fraud, facilitated the theft of money intended to feed hungry kids, has used government to enrich herself, praises terrorists, and can’t stop talking about how much she hates America.

Leftists want the African immigrant on the left punished with punitive taxes and deported, but will try to run over law enforcement and get shot in the face in support of the African immigrant on the right.

[Magatte Wade @magattew]

Africa will have 2.5 billion people by 2050. 

That's either the greatest economic force on earth or the biggest crisis, depending entirely on policy.

[Magatte Wade @magattew]

Elon Musk did not become a different person when he landed in America.

In South Africa, he may still have been brilliant, restless, and ambitious, but the environment would not have given him the same room to build SpaceX, Tesla, Neuralink, and everything else.

Talent matters. The country you build in decides how much of that talent can become real.