Friday I asked if it was a problem if the rich are getting richer? No one had an issue with the wealthiest among us getting more wealthy.
"The rich are getting richer and the poor are getting poorer" has long been the mantra of the Progressive Left. Like it or not, this is the central theme of Marxism. What modern liberals fail to establish is a correlation between the two sets of facts.
For one, the rich are getting richer. The poor of today, at least in the US, are rich by their grandfather's standards. We are all far better off than a few generations ago.
Economists and deep thinkers far smarter than I have studied the economics of the world. They do not have the answers and you certainly will not find them here. I limped through a couple of economic courses in college. The detailed discussions of monetary policy on interest rates, derivatives, the Theory of Value, Says Law and balanced payments makes my eyes glaze in boredom.
Here is what I believe. A rising tide floats all boats. Even the most cursory study of history and economics shows that taking from the most productive among us and giving it to others never improves the lot of society as a whole. At some point the producers just quit producing. The takers just keep taking. The Pilgrims tried it. Their first year they operated on economic principles that would have made Karl Marx weep with joy. The problem was it took no time at all for most to understand they did not have to break their back in the fields and could still eat. John Smith quickly instituted the 'no workee -- no eatee' policy and New England got off to a rousing start. Too bad the descendants of those same idealists want to infest the region with the failed socialist policies of their ancestors today. I guess some of us are doomed to repeat our history.
The bottom line is this: Robin Hood was a thief. Good intentions do not change facts. Taking from the rich and giving to the poor, or "spreading the wealth" as the President likes to say, is a losing policy. The current administration continues to harp that the "rich" are not paying their fair share. I read a speech by Al Franken at the Netroots Convention last week that echoed that sentiment.
Here is the giant 8,000 pound gorilla in the room -- nearly half of Americans pay NO income taxes. What is fair about that? The richest 10% in this country pay most of the collected taxes. That is fact. I find it hard to believe they are not paying their fair share. Those of you who believe we have a revenue problem (need to collect more taxes) as opposed to a spending problem in Government today should be advocating a tax for all, not asking more from those already paying a progressive tax. Sadly, politicians of both parties have realized the best way to buy votes and power is to give away as much as possible to as many as possible and hope the rest of us can foot the bill. The 'bread and circus plan' did not work for the Romans and it will not create a prosperous America either.
Let me pose a scenario. It is true that the poor buy the majority of lottery tickets. Let us say your neighbor Sam picked the winning Lotto numbers and won a windfall of $10,000,000. Would you think it all right if the Government kept 90%? Instead of 10 million bucks, good neighbor Sam took home a mere one mill? Granted, we would all take a million bucks, but would you think it fair Uncle Sugar grabbed the balance? Liberal icon FDR imposed a 90% tax upon the rich. In fact, he pondered a 100% tax on income above $100,000.
Envy is not good economic policy.
I am not rich. I have lived paycheck to paycheck. My house is small and my subdivision is not the finest in town. I would like to be rich. Living in a society where I do not have the opportunity to make money, earn my way, is not for me. I like the idea that I could become wealthy through hard work, risk, and opportunity. I love that America offers me the chance to own a business, develop the next new technology, to cash in on that better mousetrap. The choice is mine. The idea of a faceless bureaucrat taking the sweat from my brow, the fruits of my labors, and giving it to my neighbor makes me sick.
Sometimes bad things happen to good people. Sickness, unemployment and other factors can make us poor and dependant upon society for a helping hand. It happens. Many of of us have been there. Many of the truly poor -- not those who have had temporary setbacks in life -- are poor for a reason. They have made bad choices in life. Lack of education, having kids you cannot afford, turning to drugs and crime all contribute to one's economic station. There is no one in this country who is denied the opportunity for education. The poorest among us have a decided advantage in scholarships and financial aid. I suppose anyone can slip up and get pregnant once. But recorded history shows only one woman ever got with child without having sex. . My neighbor should not be forced to subsidize my poor life choices.
Again, there is a big difference in a hand up and a hand out.
Each to his ability, each to his needs leads to us all lowering our expectations. "Tax the rich, feed the poor 'till they ain't rich no more" does not float the fleet on a rising tide. It leaves all of our ships sunk in the mud and mire of poverty and low expectations.
Edit. I actually wrote this Friday night and Saturday morning. As usual, why read my ponderous writing when you could get a better, clearer mesage from a guy way, way smarter than I? Read This. You will be smarter when you are done.