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.
If you don’t feel overwhelmed, you just aren’t paying attention
Politicians, empires come and go; only love and nature will endure
Creative process isn’t pretty, but it provides real joy when it works
Some Ohio State football fans believe a U.S. president has superpowers
Until I can have the family I need, I’ll spend my Thanksgiving alone
There’s magic in the dark solitude and quiet stillness after midnight
I feel anger toward those who casually resent life I wish I had
VIDEO: What if this is Trump’s 2026 remake of Groundhog Day?