It’s sometimes hard to say whether economic ignorance is more severe among the poor and uneducated or the rich and overeducated.
We recently had Warren Buffet issue a call to raise taxes on wealthy people such as himself in this country. (As I pointed out then, Buffet is welcome to donate his own money, but for some reason, that’s not the route he’s taking.) Now some of the elite of Europe’s rich are getting in on the act, too, as various wealthy people in a number of countries are calling for their taxes to be raised.
A German group is proposing that wealthy people pay a special 5 percent wealth tax for two years. Does anyone sane think it would stop at two years?
Why is it that these people are being treated as sacrificial when they’re actually demanding that other people have their money confiscated? If these people believe they owe their money to their fellow citizens, they’re perfectly capable of voluntarily turning over every bit of their money. Instead, they’re demanding that the state force other people to turn over their money.
Anyone who believes that taxing the rich — however you define that group — will end the coercive state’s economic problems is delusional. What’s more, it’s wrong.
I’m not among the rich. I’d like to be, but I’m not. However, they don’t owe me anything. They have no responsibility to subsidize the lives of the rest of us. Taxation is a moral evil. Progressive taxation — which simply means that you are penalized at an even higher rate if you’re successful — is both evil and stupid.
This burning question divides us: Why can’t you people be like me?
When doubt wakes me at dawn, my world seems a lonely place
In a relationship, some words more important than ‘I love you’
If you can’t change your life story, that narrative will become destiny
The more I see of death, the more determined I am to live life fully
Find the partner who needs you; don’t be someone’s backup plan
Opening a business? It’s easier to do in Rwanda than in U.S. today
If the state didn’t wither away for Marx and Engels, is there really a post-statist era ahead now?
I still have trouble accepting that my idealized world doesn’t exist