Socialism has never and nowhere been at first a working-class movement. It is by no means an obvious remedy for the obvious evil which the interests of that class will necessarily demand.
It is a construction of theorists, deriving from certain tendencies of abstract thought with which for a long time only the intellectuals were familiar; and it required long efforts by the intellectuals before the working classes could be persuaded to adopt it as their program.
-F.A. Hayek (The Intellectuals and Socialism“)
It’s like when Legislators, both Left and Right, decide that they know better than business owners how the latter should be running their businesses – and then pass Law to make it so.
Even as they themselves have never signed the front of a paycheck, the insurance checks, the checks to pay vendors, pay utilities, pay the rent/mortgage, buy equipment, and certaintly NOT the tax bills. But they know better! After all, White House Press Secretary Jen Psaki KNOWS basic corporate making (reformatted, emphasis mine):
Psaki: It’s ‘Unfair And Absurd’ That Companies Would Raise Costs For Consumers Due To Higher Taxes
White House Press Secretary Jen Psaki claimed during Monday’s press briefing that it would be “unfair and absurd” for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate. Psaki made the remarks during the following interaction with a reporter [emphasis added]:
Obviously, the President’s commitment remains not raising taxes for anyone making less than $400,000 a year. There are some — and I’m not sure if this is the case in this report — who argue that, in the past, companies have passed on these costs to consumers. I’m not sure if that’s the argument being made in this report. We feel that that’s unfair and absurd, and the American people would not stand for that.
Not a freakin’ clue. I guess she’s one of those that has someone else doing her grocery shopping for her (remember President Bush Sr getting in trouble for not knowing the cost of a gallon of milk??) because pricings ARE going up. But it seems that these Socialists and Communists (but it’s OK, they all have “Democrat” after their names and not S or C…/sarc) really believe that Reality’s Law of Economics (basically, There Is No Such Thing As A Free Lunch (Robert Heinlein) doesn’t exist.
After all, how can Biden and his sycophants truely say with straight faces that his $3.5 Trillion spending bill (thankfully, currently stuck in Congress) won’t cost a thing.
Remember, faculty lounge musings aren’t that much higher in stature than the BS sessions in freshmen and sophomore dorm rooms.
(H/T: Cafe Hayek)
