Monday, December 6, 2010

Taxing the rich


Except for when I mowed the law of the widow next door (she paid 50¢) as a teenager or when I worked for my dad, every one of my employers has been wealthy. Dunno why the anti-success politicians (usually, but not always, Democrats) want to tax the successful into oblivion. Who does Congress think will provide jobs (and pay taxes) once they have eliminated everyone with sufficient money to be comfortable?

A more important question is why so many of us in the working class (usually, but not always, Democrats) want the politicians to tax the successful into oblivion instead of working to join the wealthy. The answer to that is simple: Covetousness. And, covetous is the root of Socialism and the Democrat Party platform.

Except for the aristocratic class in the US (ie the Kennedys and the Bushes), how does one become wealthy? It certainly isn't because of the largess of government. I think the following quotes explain it best:
For the most part, treat consumers pretty well. The way to get rich in business is to create something good, sell it for a reasonable price, acquire a reputation for honesty and keep pleasing customers so they come back for more. — John Stossel, TV consumer reporter

I don't pay good wages because I have a lot of money; I have a lot of money because I pay good wages. — Robert Bosch

Never forget: the secret of creating riches for oneself is to create them for others. — Sir John Templeton

Starting out to make money is the greatest mistake in life. Do what you feel you have a flair for doing, and if you are good enough at it, the money will come. — Greer Garson

The worst crime against working people is a company which fails to operate at a profit. — Samuel Gompers


Recommended reading:

The 7 Habits of Highly Effective People


Costly Returns: Burdens of the US Tax System
Costly Returns: Burdens of the US Tax System


The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke
The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke


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