Thursday, July 16, 2009

Government does not create wealth; it eats it

This is part of the entire problem with the "progressive" tax system. It punishes people for success and is at its most basic a real consequence of a grievance mindset, in which life is a zero-sum game and winners "steal" from losers. As the economy itself has proven consistently, real wealth expands and standards of living increase for the entire population when capital is allowed to work in the markets. Soaking the rich reduces that capital and stymies the expansion of wealth and creation of new jobs. Government does not create wealth; it eats it...
....Nowhere in the Democrats' plan do they explain why 2.1 million Americans should have to pay to reform the health-care system for 300 million Americans, nor does the Post explain why 2.1 million Americans should have to pay for the massive deficits created by Democrats in Congress and Barack Obama.
What about the rights of the rich?

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