georgephillip
Diamond Member
A free society that uses money as a commodity is a zero-sum game.....as the foul stench of envy and covetousness wafts about the room....
That has to be the real reason because a prosperous economy benefits all citizens better than a broke one...:cuckoo:
Taxing the Rich
The trouble with progressive economics.
John Stossel writes:
Progressives want to raise taxes on individuals who make more than $200,000 a year because they say it's wrong for the rich to be "given" more money. Sunday's New York Times carries a cartoon showing Uncle Sam handing money to a fat cat. They just don't get it.
As I've said before, a tax cut is not a handout. It simply means government steals less. What progressives want to do is take money from someby forceand spend it on others. It sounds less noble when plainly stated.
That's the moral side of the matter. There's a practical side, too. Taxes discourage wealth creation. That hurts everyone, the lower end of the income scale most of all. An economy that, through freedom, encourages the production of wealth raises the living standards of lower-income people as well as everyone else.
A free society is not a zero-sum game in which every gain is offset by someone's loss. As long as government keeps its thumb off the scales, the "makers" who get rich do so by making others better off. (When the government allocates capital or creates barriers to competition, all bets are off.)
Much more:
Taxing the Rich - Reason Magazine
Between 1995 and 2005 twice as many US households acquired "super rich" status (more than $10Million) If money can only be possessed by one person or another that means those 300,000 newly super rich households (~2%) acquired $3 trillion that's no longer available for the other 98% of US households.
All governments "keep their thumb on the scale" by writing tax codes that primarily benefit the richest elements of their country. Big Government, Big Business and the richest individuals in any country conspire to steal the resources from the vast majority of citizens while the citizens focus almost all of their anger on Big Government only.
The Dooh Nibor Economy (that’s “Robin Hood” backwards!) | Phil