The current White House occupant, in a calculated, targeted attack against Republican rival Mitt Romney, attempted to dismiss a key Romney rationale for his presidential candidacy by saying: “When you’re president, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot.”
It is quite obvious that occupy Oval Office is shockingly unfamiliar with the concept that jobs are downstream from profits, not the other way around. With the exception of the original staff, which is hired to launch a company via startup capital (notice that here too, private capital comes before hiring), businesses only become financially capable of hiring more workers after they have made profits. Being profitable gives them the capital needed to pay for expansion, which then creates the need to hire additional employees. This is especially true of small businesses, most of which are decidedly not over funded with start-up capital.
According to “progressives”, the rich are somehow preventing the middle class from having a fair shot because the rich are depriving the middle class by not paying “their fair share” of taxes. The “progressive” concept of the middle class having a fair shot is stealing money from those who have earned it through initiative, hard work, risk and sacrifice within the free market capitalist system through “progressive” taxation and use that money, acquired through legal extortion, to hire unionized government sector workers. Workers who will not only be paid more than their counterparts who are doing the same job in the private sector, but who will enjoy Cadillac healthcare and pension benefits provided to them by a taxpayer funded job from which, thanks to union demands, being fired will be a virtual impossibility.
Still wonder why “progressives” love government sector unions?
Such an arrangement is perfectly suited to “progressives”, who are huge proponents of centrally planned big government. Workers dependent upon government for their livelihood are reliably more likely to re-elect big government candidates. They are also far more likely to pay little concern to how much the rich are taxed, since the taxes of unionized government workers won’t be affected. That is, if they’re even required to pay taxes. Their big government big brothers take care of them.
Winston Smith, where are you?
Of course, the “they don’t pay their fair share” rhetoric is a complete sham, a straw-man argument. Truth be known, the “they don’t pay their fair share” rhetoric is a bold faced lie. The top 10% earners in America pay 70% of the income taxes while 47% of Americans pay no income tax. They pay zero.
How much of a tax on the rich would be enough to satisfy “progressives”? How much of someone else’s money does the Oval Office need to take for the middle class to have “a fair shot”? The 100% rate Barrack Obama Sr. sought to impose on Kenya’s rich after he seized power?
Can you say redistributive dreams from my Marxist father?
This clearly demonstrates how clueless Barrack Hussein Obama is about the way America was designed by its Founding Fathers. Having a fair shot in America has never been about big government stealing from the rich to finance hiring unionized government sector workers.
Having a fair shot has always been about a constitutionally limited government not interfering with the private sector free market’s ability to afford equal opportunity to everyone, regardless of their starting point in life. In America, government’s job is not to “take care of us”. In America, a centrally planned big government can never replace the initiative, creativity, hard work, sacrifice, risk, and reward of free, private Citizens working to provide for their own needs through the pursuit of happiness within the private sector.
If it ever does, America will have ceased to exist.
Instead of digging the United States into an ever-deepening hole by reducing available free market capital through higher tax rates, how about creating some certainty for investors by making permanent changes to America’s needlessly complicated tax code? How about creating a simplified tax code that provides incentives for investment? How about creating a tax code that’s doesn’t punish small businesses by forcing them each year to divert limited precious capital to pay the cost of hiring accountants and attorneys to decipher an ever “evolving”, increasingly complicated tax code? How about creating an economic environment where the rich, middle class and poor alike all feel it’s worth the risk to invest in a start-up business? Thanks to existing, unnecessarily high “progressive” tax rates and expanding, restrictive, needlessly expensive regulatory oppression, starting up a new business today is practically impossible.
Better still, how about “progressives” going back to school to learn what America is really all about? In the meantime, they should leave running America to Americans.
Obama has had four years. He got his fair shot, and he blew it.
After 100 years of progressively expanding government intrusion into the God given Rights and Liberties of free people, it is now time to forever close the book on the failed “progressive” experiment.Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!