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— Sarah Churchwell"People who are given whatever they want soon develop a sense of entitlement and rapidly lose their sense of proportion."
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Our Founders warned against this. They said don't... that your liberty is only as secure as the people are. Because once they, um, get the ability to vote themselves entitlements from the largesse of the government, liberty is done; freedom is over with. We were warned. We are there.
— Sharron Angle
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Firms would be given initial entitlements to gross markup on the basis of past performance, adjusted by changes in labor and capital inputs. This is somewhat similar to the definition of normal profits under some versions of the wartime excess -profits tax. Entitlements would be transferable and a competitive market established.
— William Vickrey
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