"Property is the fruit of labor...property is desirable...is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built."
But Obama does not seem to share Lincoln's view. Obama wants to hand out a long list of goodies for the populace, a list of goodies which will be given continuously, now, and forever more. Obama does not particularly want to encourage people to amass wealth on their own and become rich as Lincoln admired. But there is an issue with all of that so-called "giving". The problem with a president who hands out lollipops, is that someone has to pay for all that expensive candy. And who might that payer be, you may ask? OOH, I know! The rich! The rich are just swimming in money, so let's take the money from them, how about that? We are an incredibly wealthy nation, and if we can't manage to share all the trappings of the rich, with all the unfortunate people, then what good are we? How can we look at ourselves in the mirror every morning? No, this will never do. We must take from the rich and give to the poor so that we will have "equity".
This is the thinking of the Obamas. They think the rich are loaded with ill-gotten gains, and that they ought to be made to share all that wealth that somehow just landed on them because they were so lucky. But here is the little secret. The rich, as it turns out, are rich, because the rich work. And they work very hard, most of them. A lot of the wealth in this country is held by very hard-working small business owners, many of whom have taken on a considerable amount of risk to get to where they are today. And here is another truth about the rich. They tend to have a few brain cells.
The rich can see that, under an Obama administration, they are speeding towards higher taxation. They know, too, that they already pay a huge percentage of the entire tax bill for the country. Do you think they want to pay more? Maybe. But maybe not. Particularly when they see the money wasted, going to bail out losing businesses, and to keep Nancy Pelosi happy and smiling, as she flies herself and her family around the world in her special DOD airplanes; and as they subsidize those who don't pay their fair share....our Secretary of the Treasury among them.
No, the rich may decide to go on a bit of a strike. They might decide to cut back on those long hours they work. They might decide to hire less people, giving themselves less to worry about. Why work hard and spin so many plates in the air? Maybe they are close to retirement age? A lot of them might just throw in the towel and retire early. Doctors, for example. The most experienced doctors in your community might soon be closing up shop and heading for no-tax states, such as Florida. All of that will result in less work done by the rich, less spending by the rich. And less tax paid by the rich.
We have already seen the destruction of many of the rich, courtesy of Madoff and the many Madoff copycats. Guess what? The rich ponzi scheme victims won't be paying so much tax any more, now that their holdings are wiped out. Ditto for people who lost half their stock market holdings since it became clear that Obama was going to be elected. And we have seen tens of thousands of jobs lost on Wall Street. Oh darn....some of those people were making big salaries and paying a shedload of tax. That is over now, for many of those people, as they head off to other careers at lower salaries. And the tax they once paid? Well that is over for US now. Gone. Those receipts will never be so high again.
It will be interesting to see what happens as we go forward. Will the rich continue to work extremely hard and take great risk so that they can have the great privilege to buy all the lollipops for the rest of us to enjoy? I hope so! Because if the rich go on strike and stop paying just a portion of the massive share of the tax which they now pay, there is only one group of people left to pay the the remaining, still massive, tax burden.....now let's see.....which group of people would that be?
Oh wow.....looks like you and I are going to have to work ourselves to the bone to pay for the unaffordable lollipops Obama has foisted upon us. We will be paying for years, for decades, for centuries (if this country which Lincoln fought so hard to keep together, lasts that long). We will soon be working to keep the government going, even though the government is supposed to be working for us. Great. So maybe Obama's delusions of grandeur involving himself and one of our greatest presidents are not so crazy after all.
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