This is more/less a repost from two comments I’ve made on other blogs (“Warren Buffett hates himself and if you’re rich, he hates you, too” on SASOC, and Why I Will Not Vote for Newt” on ROAR, and since I’m sure I’m going to have to post it again when some idiot starts quoting Michael Moore again, I thought I’d post it here.
The “Fair Share” Liberals (a key distinction here from other liberals) that wish the most for the days of the 90% marginal income tax rate to return seem to be the clueless and ignorant on how the government “sells” favorable tax rates to encourage and support investment, and even more clueless and ignorant on the impact of globalization. They don’t see math, they only see “fair”.
Take a look at any chart that shows historical income tax rates vs. capital gains tax rates during the 90% years vs. now (http://www.ctj.org/pdf/regcg.pdf, for instance).
Two questions:
2) Are the rich really paying 90%?
3) Was the U.S. in a different competitive climate in terms of investment dollars and industry 50 years ago vs now?
“Fair Share” Liberals that long for the tax rates of the 1950′s fail to consider for even a second that the conditions which allowed those rates to exist – specifically the government and industry’s lack of global competition and a much slower velocity of world cashflow at the time – would literally wipe out entire industries overnight if they were reintroduced today.
Their hate of capitalism and their refusal to let simple math interfere with their social agenda prevents these kinds of liberals from seeing exactly where their utopian ideals will send this country, which is exactly where they send virtually every single private enterprise they get their hands on – into the ground.
I say “fine”. Tax us at 90% and transfer all the wealth we make “back” into the Fair Share Liberal’s idiot hands. We’ll have it all back within a year anyways, because as smart as they think they are they can’t resist the salaries = safety and consumerism = bliss bright shiny objects that we put in front of them. Each and every time we do, they hand their money over to us like mindless zombies. It would be laughable if it wasn’t so pathetic.
“Fair Share” Liberals will trade the bulk of their lives away for those shiny objects not just once, but for years, and when they finally wake up and clue in that they’ve wasted 10, 20, 30 years of their lives doing so yet again, they’ll whine and scream and riot in order to try and get at least some part of their life back.
Personally, at this point I hope we’ll have some sort of Galt-like lesson waiting for them that will hit hard enough so that they finally realize that this is what you ultimately get when you choose a life of entitlement and dependency – nothing – and that’s nothing but “fair”.
It’s fair because it’s nature, and it’s fair because it is how nature keeps in balance. Those who adapt survive, and like the great poem goes, when you bargain with life for a penny, a penny is exactly what you get when you choose ignorant bliss and slavery over your own human potential.
Fear not however, “Fair Share” Liberals. We have a federal election coming up and a whole new set of bright shiny objects will be on their way soon.