Thomas Sowell on "The Fallacy of Redistribution"

This is must-read great common sense from brilliant economist Thomas Sowell:

http://jewishworldreview.com/cols/sowell092012.php3

Here's a sampling:

"The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty. " 

Here's one more:

"You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth — and that future wealth is less likely to be produced when people see that it is going to be confiscated."