Regarding the economy as a game of Monopoly explains Socialist Economics being all about redistribution of wealth, never about creating more of it.
“ I just don’t agree that this perception is the correct one.” Exactly: you hit the nail on the head.
Ron also ignores Philanthropy: some of the richest people in the world choose to give away their profits rather than hoard them. Bill Gates is just one of many who have given billions of dollars away to fund cures for AIDS, for cancers, to fund the creation of small businesses in the poorest countries in the world, to build wells, toilets and schools where they are desperately needed. Philanthropy doesn’t just come from the mega-wealthy Warren Buffets of the world either. The Rotary Foundation is funded by thousands of Rotarians around the world giving $100 or $1000 per year to “Do good in the World”. These guys make sure their money is well spent, unlike the bureaucrats who spend tax-payer’s money like drunken sailors.
Generous free-will giving to charity is far better than having your hard-earned money seized forcibly by Government through taxation then wasted by incompetent bureaucracies. Central Planning does not work, in Democracies or in Dictatorships. That’s not the civil servants’ fault: they are tasked with doing the impossible, and are doomed to waste most of the money they spend. In nearly every case Charity gets better results than welfare, and the individual spends his money better than the Government would. Taxation should be minimised by minimising the size and reach of Government. Lower Taxes through Less Government!