Liberalism and economics, ...oil and water.
The following just one more in an interminable record of the failures of Liberals/Progrssives/Democrats when their ideas come up against reality.
1. In their tireless efforts to paint every voter as a victim, the Left instituted a call for "economic equality," a totally bogus idea that has nothing to do with either economics or with human nature."
Unfortunately, the idea gained credence, not only with the usual dopes, but with a business owner...one who represents, it seems, the old saw "a fool and his money are soon parted."
2. "Income inequality has been racing in the wrong direction,” he said.
“I want to fight for the idea that if someone is intelligent, hard-working and does a good job, then they are entitled to live a middle-class lifestyle.” The reaction to his salary pledge has led him to think that if his business continues to prosper, his actions could have far-reaching consequences. “The cause has expanded,” he said. “Whether I like it or not, the stakes are higher.”
3. Three months ago, Mr. [Dan] Price, 31, announced he was
setting a new minimum salary of $70,000 at his Seattle credit card processing firm,
Gravity Payments, and slashing his own million-dollar pay package to do it.
.... almost overnight, a decision by one small-business man in the northwestern corner of the country became
a swashbuckling blow against income inequality.
Job seekers by the thousands sent in résumés. He was called a “thought leader.” Harvard business professors flew out to conduct a case study. Third graders wrote him thank-you notes. Single women wanted to date him.
... outspoken skeptics and conservatives like Rush Limbaugh, who smelled a socialist agenda..."
http://www.nytimes.com/2015/08/02/b...klash-against-the-raise-that-roared.html?_r=0
4. Now, boys and girls.....how many lessons must be given, how many examples of failure- Barack Obama comes to mind- must Leftists, socialists, Liberals, Democrats, whatever, be given before they show the ability to learn???
a. David Mamet gave this lesson: "The adolescent, the Marxist, and the Liberal dream of “fairness,” brought about by the state. Silly. This would mean usurping the society decision that
the skilled worker is entitled to higher pay than the unskilled. This decision is never pronounced by any authority other than the free market. It was arrived at via the interaction of human beings perfectly capable of ordering their own affairs.
Illustrative of reality is the fact that
the Leftist refrains from paying above the stated price for goods and services…he wants, as everyone else does, competition between said services. Only then does he stand a chance of getting a “fair” price. In his own enterprise, he strives to improve quality or lower price…’else his potential customers will take their business to others.
Unless he has the power of government!
b. John Stuart Mill writes in “On Liberty,” that any man who is
rewarded equally for doing a good job or a bad job, would be a fool to put energy into its accomplishment. He would naturally withhold it, and put it where it might improve his status or income.
Wanna guess what happened?
