President Obama and the Democrats have lost their political will. Who cares about the voter uprising. Those people need leadership. After all, those rich people don’t really need all that money. Think of the good that Democrats could do with all that money. The voters would thank the Democrats eventually.
But, since the President has caved for the time being, let’s pause and consider the possibility that taxing the rich might create some problems.
First, where did those rich people get all that money? They don’t have the power of the State; so they did not force other people to give them their money. Some people, of course, think rich people belong to the criminal element. But, how could that be? Doesn’t the Justice Department ferret out all the bad guys?
After a little research I discovered that, yes, the rich people do get their money from “little guys.” But, they use sort of a strange way to do it. They offer people products that improve their lives and for which people pay voluntarily. After selling millions of these products, each for a very small profit, the lives of the buyers improve just a little and the rich make a lot of money. Hey, that does not sound so evil.
Second, even if those rich guys earned that money legitimately, they don’t really need it. If we take a few hundred thousand dollars from each of them, they would still get by. The State will spend their money more responsibly than they will.
Again, I did some research. Yes, rich people spend too much money on themselves. And, their purchase of luxury goods does not “stimulate” the economy very much. But even after too much spending they still have money left over. (Have you ever seen Brewster’s Millions. Spending all that money can prove difficult.) Since the rich always want more, they take that money and try to earn more with it. They buy drill presses and molding machines for their factories or they buy entire factories or they lend that money to some one who does.
Those factories make more of the products (at lower costs) that improve people’s lives. Oh, and they hire people to work in those factories. So their own workers can buy more of those products, which makes the workers better off, and the rich guys richer; they create more factories that hire more people; and the cycle goes on.
So, let me sum this up. The rich guys make a lot of money providing a little good for a lot of people. They spend a bunch of that money. The money they have left over they use to make themselves richer by buying equipment and factories and hire more people, which together provide more small amounts of good to still more people.
But that seems kind of dreary and it does take some time. Wouldn’t it work better if we just take money from the rich guys and give it to people to spend on themselves. It wouldn’t go on for years like the factories, but it would sure “give the economy a shot in the arm.”
Yeah, that’s better. Let’s feel good today instead of letting rich guys help us build a future.
Oh, about the taking. Would you hire thugs to break into your neighbors’ house and steal their money so you could give it to charity? Well you have.