Peter Schiff: The Ability to Steal Doesn’t Make Theft Right

Peter Schiff discusses in this video why the mob doesn’t have a right to steal his money, and he warns Americans about the continuing assault on the wealthy.

I have no doubt that the mob has the means to steal my money, the government has given them the means, we have destroyed the protections that were afforded [to] me by the constitution, and yes the mob does have the means to steal from me, but that doesn't make it right. They do not have a . . . moral claim to my money.

Although Schiff is spot on in most respects here, he does erroneously say the government “has a right to tax” to fund the army and to support the government. To see how the legitimate functions of government can be financed non-coercively, read Craig Biddle’s “How Would Government Be Funded in a Free Society?”.

http://www.youtube.com/embed/PZA2ty6Vvtw

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Related:

• An Interview with Andrew Schiff about Fishing Nets, Hut Gluts, and other Economic Matters
• Individualism vs. Collectivism: Our Future, Our Choice
• Independent Thinking, Morality, and Liberty
• How Would Government Be Funded in a Free Society?

Image: Wikimedia Commons

About Joshua Lipana

Joshua (John M.) Lipana was, until his death in 2013, an assistant editor of The Objective Standard Blog and a freelance writer based in the Philippines. His writings appeared in numerous print and online publications, including Free Enterprise,Capitalism Magazine, NewsReal Blog, and The American Thinker.

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