Indeed, to hear leading Democrats talk about the “richest 1%” — a diverse cohort of investors, managers, entrepreneurs and, to be sure, some fat-cat heirs — one gets the impression that wealthy Americans are a natural resource, to be pumped for as much cash as we need.
Silly Democrats. Everyone knows that oil is that natural resource, and instead of just pumping it, we should throw money at expensive wars of aggression and destroy wildlife refuges in order to secure more of it.
But now this vision simply defines liberal economics. John Edwards’ unending campaign for president is based on the idea that there are two Americas and that everyone will be better off when un-rich America mugs rich America. According to Democrats, it’s greedy to want to keep your own money, but it’s “justice” to demand someone else’s.
Apparently poor people don’t pay taxes, they just “mug” rich people for their money. You can almost hear Jonah finishing that second sentence in his head: “…kind of like what black people do in real life!”
Michael Boskin, Rudy Giuliani’s economic advisor, said, “There is no — let me repeat — no example in the last quarter-century of a large, complex economy that has been successful with high taxes.” He adds, “The Western Europeans have seen their standards of living decline by 30% in a little more than a generation because of their high taxes.” The U.S., meanwhile, has outperformed the competition over the last quarter of a century.
And who are these people who never pay taxes on anything, ever? Can someone let me in on the secret?