Obamanomics, French Style
Rich Businessmen Pulling Out of France as Tax Hit Looms
Like Obama, the French socialists computed the prospective gains from taxing the rich on the assumption that people of means would just sit there and let themselves be fleeced. Let's call that "ObamaMath."
What these Wizards of Other People's Money keep forgetting is that the rich got that way by being proactive and smart, not by being passive and stupid. The nation's economic vitality -- the successful entrepreneurs and risk-takers, the people politicians like Obama demonize to get themselves elected -- go elsewhere, leaving the rest to fight over a smaller and smaller pie. This is called Economic Planning.
(It doesn't even produce the booby prize of more equality, because those who control the reins of Government now become an entrenched wealthy and privileged ruling class. We are then treated to the spectacle of extravagantly wealthy public officials like Nancy Pelosi, Harry Reid, Diane Feinstein, et al., giving speeches that excoriate and vilify the private-sector Rich. This is called Populism.
Byron
Like Obama, the French socialists computed the prospective gains from taxing the rich on the assumption that people of means would just sit there and let themselves be fleeced. Let's call that "ObamaMath."
What these Wizards of Other People's Money keep forgetting is that the rich got that way by being proactive and smart, not by being passive and stupid. The nation's economic vitality -- the successful entrepreneurs and risk-takers, the people politicians like Obama demonize to get themselves elected -- go elsewhere, leaving the rest to fight over a smaller and smaller pie. This is called Economic Planning.
(It doesn't even produce the booby prize of more equality, because those who control the reins of Government now become an entrenched wealthy and privileged ruling class. We are then treated to the spectacle of extravagantly wealthy public officials like Nancy Pelosi, Harry Reid, Diane Feinstein, et al., giving speeches that excoriate and vilify the private-sector Rich. This is called Populism.
Byron
posted by Byron | Monday, October 08, 2012
0 Comments:
Post a Comment
<< Home