Higher taxes just reinforce wasteful, bloated governments and do nothing to solve wealth inequalities. Government’s idea of wealth redistribution is to fund a do-nothing middleman class and their industry cronies at the expense of the people that actually create the wealth with their hard work.
The actual problems have to do with the rigged monetary system that rewards the already-rich with zero interest rates and toxic asset buyback programs… etc. and the Federal Reserves 2% annual inflation target that reduces the value of the dollar and real savings.
The politicians and their pet cronies think they know how to spend your money better than you do, when it’s government’s own programs and policies that cause the problems in the first place.
The Unprofitably Incompetent
by Robert Gore
Posted on January 25, 2019
Many of us profit every day. We offer services and provide goods, supporting ourselves at a cost that is lower than what we’re paid. We’re profitably competent, engaging in honest production and peaceful, voluntary exchange. The only alternatives to profitable competence are living off of someone else’s profitable competency via inheritance or charity, or criminality—theft via fraud or violence.
Criminals cloak their thefts in all sorts of justifications, some of which, like socialism, become full-blown political doctrines. Ironically, a larcenous litany of demands and rationalizations are efflorescing at a time when whatever is left of the overall profit pool has been drained. It has been mortgaged multiple times, just as hordes of the unprofitably incompetent, who had no hand in producing it, clamor for their “fair share.” They’ll insist the profitably competent figure out how to pay for it, but the fair share of nothing is nothing, political promises to the contrary notwithstanding.
“Your means, my ends; I wish, you fulfill,” is the foundational fantasy of modern governance.
An Honest and Easy Solution to Wealth Inequality
“Inequality could be solved easily and honestly.
Stop rigging interest rates. The free market can decide what rates should be. Most likely, it would discover rates that were much higher – probably over 5 percent. Then, in a flash, like champagne at Hiroshima, the post-2009 gains of the super-wealthy would evaporate.”