>>
These elitists forget that the only reason their country become rich in the first place was by giving individuals the freedom to produce wealth freely. What do the most successful individuals often do with their created wealth? The most generous people in the history of the world have been private foundations and individuals who created their wealth in capitalistic societies because they were free to do so by limited government. By attempting to take care of the unfortunate, at the Federal level, a society becomes corrupt, not only fiscally, but morally. Worse, the unfortunate are most often not helped, but hurt. I realize this is often quite counterintuitive.
This principal might be better illustrated using the example of Bill Gates and Microsoft. Bill Gates and Microsoft created Windows, a program of enormous value. This program was of value to consumers and other businesses because it enabled their businesses to become more productive and produce more wealth. These businesses were often able to lower prices and thus people had more money to spend. The whole economy benefited. However, Gates and Microsoft got very wealthy. But this money was not stolen or taken from anyone! A business would not buy Windows unless it was able to become more profitable by using it. So Microsoft was clearly not taking any money from business. Microsoft was creating wealth. It was enlarging the pie, not stealing or taking it from anyone. This is how economies grow. If taxes in the US had been at 90% do you think the company would have been able to achieve such rapid growth, create such a useful product, and create as much wealth and employment? Of course not. Heck, if taxes had only been set at 10% then who knows what futuristic system we might be operating on now! If you think a tax rate of 10% is 'radical', recall the words of Benjamin Franklin who said, "It would be a hard government that should tax its people one-tenth part of their income."
>>
Zim.
Mad Poet Strikes Again.
| 
