Filed under: Capitalism, Economy, Free Markets, Freedom, Politics, The United States | Tags: Americans Don't Hate the Rich, Income Inequality, Redistribution of Income
How do you make an economy grow and prosper? An constant theme among the Democrats focuses on dividing up existing wealth. They are quite sure that affluent Americans have reached their wealthy state at the expense of the poor and the middle class. Their solution is to take the excess wealth from the rich and give it to the poor in the form of government grants of one sort or another.
The important point is that there is no growth nor prosperity in their plan. Bernie Sanders can promise free college for all which he intends to accomplish by taking more money from the rich, whether in much higher taxes on their income or some kind of direct grab of their untaxed wealth in offshore shelters or wherever they are hiding it.
The problem is that the Democrats are far more interested in “equality” than they are in creating wealth. They really don’t understand how wealth is created, they are much more caught up in class envy. A constant theme of the current Democratic presidential race has been income inequality, with a belief that America’s rich have reached their status at the expense of the poor and the middle class. Perhaps they always think of wealth as a pie, divided into servings, and the rich get the big pieces so there is little left for the poor.
They are big on “diversity” so they are currently intent on moving poor minorities into well-to-do suburban neighborhoods. Every neighborhood should be diverse, no more black neighborhoods or ethnic neighborhoods. My German ancestors came to Germantown in Pennsylvania when they arrived in America. Human beings are tribal, and want to live with people who are like themselves, and speak the same language, and eat the same kind of food, celebrate the same holidays — it’s natural, and happened with most ethnic groups who immigrated.
How do you create wealth? New small businesses start and gradually grow into big businesses, not all of them of course — but all big businesses once started as little businesses.
And those small businesses began with an idea. How do you generate ideas? Some of them start with irritation with a tool, for example, when someone is frustrated with a tool that does not accomplish the desired task, and they just figure there must be a better way. For most, it stops there because they have no idea how to turn their idea into a business. Those who create a business don’t necessarily have knowledge of how to successfully run a business. And how to run a business is divided up into many different skill sets.
All those inventions that have changed the world — think of how Edison’s little lightbulb changed life all across the world, and all the millions of other inventions and businesses that have derived from cheap, dependable light— when the sun goes down.
It’s autonomy — the quality or state of being independent, free and self directing. The capacity of a rational individual to make an informed, uncoerced decision. Why do the Democrats hate freedom so much?
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