Redistribution of Wealth Again
Some of us work and earn some money. We like to work and prosper and succeed. We get some satisfaction from the work that we do and the rewards of our efforts. We like to live in a nice house and to enjoy the comfort of a good living. We buy and enjoy expensive toys, we provide a good living for our families and we raise and educate our children. Hard work equals success and reward.
There is nothing bad or evil in that first paragraph. Hard work and success are good for us and good for the economy. We all have an obligation to the community, and our taxes satisfy that obligation. Local, state, and the federal governments have been established to provide the framework to make our communities function properly.
My success is translated into the purchases of goods and services that provide opportunities to others in my community to profit from my success. That in turns provides others with the opportunity to redistribute their success to others. The free market works well when left alone. The problem develops when the local, state, and the federal governments (usually referred to as elected empty suits) try to stick their nose into the free market.
The governments attempt to make things happen that shouldn’t have to happen. They try to over regulate the free market; they try to provide services that are not necessary. They try to spend money on things that do not service the community, but service a specific interest. They never make an attempt to only spend what they take in. Spending is always the problem, not revenue. In a successful free market economy revenues will always be adequate to satisfy the needs of the community.
The elected empty suits decide to spend on items that they shouldn’t spend on. They decide to reward some for their lack of success, and punish those who are successful. The successful are not the enemy; they are the backbone of the community. A successful tax payer is the goose that lays the golden egg. Those who are less successful who are rewarded for their lack of success don’t have enough incentive to go out and become successful. The elected empty suits have taught them to sit back and collect and they will still thrive. Don’t work hard and don’t achieve anything and we will take care of you. That teaches individuals to avoid a challenge and avoid success. Let the other guy pay and let me receive. My brother used the phrase trickle up poverty, and I think that fits here. Make it easier for more and more of the community to sit back and receive and we can punish (confiscate) more and more of the success that the silly fools who choose to work hard and succeed used to enjoy.
But the redistribution of wealth is not only to reward the less successful among us. The elected empty suits spend it on an assortment of items that are spent for no apparent reason other than to have bragging points to use at election time. Some of this is camouflage used to cover the out right misdirection of tax revenues to reward those who aid and abet the elected empty suits get into office over and over again. Taking from me to give to a company that’s owned by the largest corporation in the elected empty suit’s district is a common practice in government today. Finding a way to appropriate funds to be spent back home happens every time those elected spendthrifts open a government check book.
When they start to feel limited in that effort, they look to find more ways to punish success. How can we get more of the money that the successful earn to spend in my (the elected empty suits) best interests? That’s the though process of our current elected officials. None of them look to answer the question, How can we stop spending to allow the successful to become more successful and tax them less? Lower tax rates always means higher revenues. Cutting tax rate has always been responsible for more revenues; it’s worked every time it’s been tried. To lower tax rates and cut spending simultaneously, what an alien concept that is, would have a tremendous effect on the free market economy. There’s a half a box of cigars on the table behind me and that’s at least as smart as I am, if I can see the truth in that last statement, why can’t the fools we pay to spend our money see it as clearly as I do.
Maybe we need to pay different people to spend our money? November will give us the opportunity to try that.