Has it occurred to anyone that the Democrat’s “Tax the Rich™” agenda (coming soon in “Middle Class” sizes) isn’t so much a goal of taking more from those who have more (to give it to those who have less) it is to keep people who are not connected to the government power structure–from becoming rich in the first place.
Taxing the rich will not even scratch the surface of the spending and debt problem. Taking all their money would barely run the government for a matter of months. It serves no actual economic benefit.
Piling new taxes on the investment class, economically, will only push private investors away. But this doesn’t just remove private money. It creates a void for the very selective use of public money and government control. (With the progressive rich getting repeatedly backed and bailed out by the Government.)
It pushes away people with the kind of money necessary to engage in the level of political speech and agenda pimping that the Democrats can get for free from the television and print media. It also reduces opportunities for the same kind of support for candidates who oppose the Left’s agenda.
If wealthy investors keep more of their interests outside America, they are less inclined to invest politically in making America a better place to invest in for the future.
With no venture capitalists or wealthy power players to contest them and so many bureaucratic barriers to wealth creation, the only way to become “rich” or “powerful” is to get involved in government on the Democrat side or toe the party line and play at crony capitalism.
And when the wealthy–who can afford to go elsewhere do–who does that leave behind to finance leviathan government? You. That’s why it always fails. That is why it is meant to fail. If the Rich don’t have enough money to pay for the Democrat government, what happens to the Middle and Lower classes when the government no longer has rich people to tax?
Class warfare of ‘Fair Share’ economics is more aptly rephrased as opportunity destruction and poverty creation. Legal plunder by central planners who rely on other people’s money to survive is not going to stop plundering other people’s money just because they’ve milked any one particular cow dry. The government does not make itself smaller except by coercion or force. Democrats and progressives will keep scorching the taxpayer earth until nothing grows; it collapses into chaos, tyranny, and violence.
Small governments that limit their spending and therefore require less in taxes and which are more focused on equal opportunity rather than defining and creating ‘equality” are the only ones that survive history. And history keeps telling us this. And people keep refusing to listen.
