You Are Here

Found amid the ruins of commentary on this post, Anonymous aims his clue-bat well and rings a bright golden bell of reality whose clarion is unmistakable as it soars over the din of dull noodlers noodling. Herewith:

No, it’s multicult fascism: Take from the producers to give to the centers of multicult wealth and political power. It’s worse than mere “socialism”.

Here’s how it “works”:

1) Confuse people about the distinction between “wealth” and “income”—probably the worst single political economic crime possible to commit in public discourse and one of which the wealthiest man in the US, Warren Buffett, is guilty.

2) Progressively tax income while claiming you are taxing the “wealthy”.

3) Respond to all of the pathologies you create in this confusion by a proliferation of public sector “fixes” that eventually result in the public sector overtaking economic activities by “virtue” of its taxation of all economic activities.

4) Allow the truly wealthy, whose property rights would disappear in an instant in the absence of government protections, to continue to accumulate net assets without limit and without paying the costs of protection of those property rights—shifting them onto the heavily taxed producers.

5) Continue to increase the overall taxation of producers until the goose that laid the golden egg, the middle class, is dead.

6) Decry the profligacy of the middle class as it ceases to have children hence family values, and goes into the abyss of usurious debt, the economy collapses due to a failure of consumer demand and the government centralizes even more power by handing over even more wealth to the creditors in exchange for equity stake.

 

7 thoughts on “You Are Here

  1. How do you stomach reading that comment stream after all these weeks? Perhaps you find it akin to repulsive allure of the freak show at a carnival. Whatever: I’m very happy you could bear it to discover this gem.

  2. Yep. As was pointed out by Henry Hazlitt in “Man vs. The Welfare State”:

    “The graduated personal income tax should be abandoned in favor of a strictly proportional income tax. The argument against the “progressive” tax rate was conclusively stated as long ago as 1833 by the Scottish economist J. R. McCulloch: “The moment you abandon the cardinal principle of exacting from all individuals the same proportion of their income or of their property, you are at sea without rudder or compass, and there is no amount of injustice and folly you may not commit.””

    By the time 1913 rolled around, we’d already given up, in each state, the right of a parent to educate their children as seemed best to them. The ProRegressive Income Tax obliterated, in principle, every other right an individual could have. The semblance of rights which we’ve clung to since, have been supported by nothing but habit and sentiment; and the forces of intellectual gravity have been steadily pulling those ever downwards and apart, year after year, ever since.

  3. Van Harvey, I think that people felt safe to send their children to public schools, because they were certain that the schools would inculcate the children with the same morality and culture and virtues they were teaching at home. This really changed in the 60s, when I started going to school, and now, the disconnect is so complete, that we see that the state is the biggest enemy to parents.

  4. Jewell said “I think that people felt safe to send their children to public schools, because they were certain that the schools would inculcate the children with the same morality and culture and virtues they were teaching at home.”

    While they might have felt safe, they had no excusable reason for thinking so. The 1960’s were just the point that it could no longer be ignored, but as I pointed out in this post, Echoes of History Repeating Itself, “This is Cassandra calling: will you accept the charges?”, that people were beginning to wonder WTH was going on in 1920, and even that was several decades too late.

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