Progressive – “Misallocation of wealth”

by Skip

We’ve oft heard the plaint  of folks that say “How can this be?  We are the richest nation in the world!” and rush to spend others people money to make themselves feel like they are “doing something”.  Yup, we used to be able say that: we were the richest nation in the world – the richest in history.   Still are on a national level – but not on a governmental level with the official debt at about $16.5 Trillion (over 100% of our yearly GDP) and an off the books unofficial of over $100 Trillion in unmet promises for future entitlement payments (what, you really think that the Government would hold itself to the same accounting standard as it does to corporations?) thanks to chuckleheads like those in DC.

Obama said as much this last State of the Union – and conservatives immediately  started pocking holes.  Progressives like Nancy Pelosi and her second in command, Steny Hoyer have made utterances to say similar things.  Add to that, retiring US Senator Tom Harkin – same tired “richest” and same tired “fair share”.  Problem is, though, he lets the Progressive cat out of the bag at the end of the video:

I hear him say this on tonite’s Special Report on Fox and could not believe my ears at first, and then went “yeah, this is how they actually DO think about “the richest nation in history” from what he said at the very end of the video:

First of all, I want to disagree with those who say we have a spending problem. Everyone keeps saying we have a spending problem. And when they talk about that, it’s like there’s an assumption that somehow we as a nation are broke. We can’t afford these things any longer. We’re too broke to invest in education and housing and things like that. Well look at it this way, we’re the richest nation in the history of the world. We are now the richest nation in the world. We have the highest per capita income of any major nation. That kind of begs the question, doesn’t it? If we’re so rich, why are we so broke? Is it a spending problem? No.”

No, what flipped me out was NOT in the above quote.  It was these last two sentences:

It’s because we have a mis-allocation of capital.  A mis-allocation of wealth

A process of misallocation? Hey, isn’t it you folks that are supposed to be the ones that allocate taxpayer monies on behalf of what you, our elected representatives based on the priorities set in the official budget.  Oh wait – you Democrat Progressives haven’t passed an official US Federal Government budget in 4 years, have you?  So if there is any “mis-allocation”, you can blame yourselves, right?

Oh, wrong – sorry, went off on a tangent.  He actually is talking about Capital.  He is actually talking about Wealth.  The money that he is talking about is not Governmental in nature – it belongs to PRIVATE individuals and company.  But he, with his own words, shows his bitterness and his willingness to use it as if it was his own.  Progressives DO believe that the wealth of the nation should be theirs to control and use for “the common good”.

They do not believe that the rich should have their wealth – they believe that the rich “stole” their wealth, so Progressives are only ‘repatriating’ it back to those from who it was stolen – that is, with Progressive guidance via Governmental policy.  They DO believe that this wealth that has “escaped” – thus Harkin’s exclamation of “mis-allocation”.  This wealth, because they cannot control it directly, has been “mis-allocated” to those that, well, won’t spend it ‘correctly’.

Thus, Harkin lets the rest of us know, in no uncertain terms, that what belongs to me and you actually belongs to him as a government official to allocate correctly.  There is nothing, in their eyes, such as Private Property.

(H/T: Townhall)

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  • mer

    Based on open records, estimates of Senator Harkin’s net worth averages to $16,597,062. He doesn’t need that, at some point you have more than enough money and it’s better to spread it around, no? I personally think he has about $15,597,062 worth of “misallocated wealth” that would be better off redistributed to me, Skip, Steve and C Dog.

    • http://granitegrok.com/author/mike Mike Rogers

      And I’ll earn my own ‘share’, if it’s still possible under current policies ;)

    • C. dog e. doG

      I’ll be sure to spend my “fair share” wisely with a couple of deer, deer friends. Wouldn’t y’all be bitter if you were going back to Iowa to be brown beaten every four years by caucuses?
      – C. dog

  • Dave

    People say “America is rich” like they say “Siberia is cold” — an eternal truth, a fact of nature, an act of God. No, we didn’t create this wealth ourselves or inherit it from sober, thrifty ancestors. If we spend* it all, more will magically appear, floating down like manna from heaven as long as we don’t let greedy people sweep it all up for themselves.

    We gave up the lifestyle millenia ago, but our educated elite and uneducated poor still think like hunter-gatherers.

    * Correction: Liberals don’t spend, they “invest”.

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