Siti wrote:
If we get rich legally, what is wrong with that? Would we really help the unavoidably poor by preventing those who are able to generate material wealth from doing so? Or by penalizing their success?
I agree, but as we've seen even here, there are those who want to do exactly that--and they want the government to do it. We're not talking about not providing for those unable to provide for themselves, but to bring all the boats up, or rather down, to the same level or size.
I am not sure if I agree entirely with TPT's JFK quote about the rising tide lifting all the boats. It may not lift the leaky ones - but is the solution to that to put holes in the sound boats, or would it make more sense to at least try and patch the ones with holes and make them more able to float on the rising tide?
It may be straining the analogy, but the leaky boats are the ones unable to provide for their basic needs. The rest differ only in size, and of those everyone has the opportunity to enlarge their boat in a free market society. When the biggest ones get bigger, it actually helps the ones in the smaller boats enlarge theirs, even to be as big as the biggest.
Did you ever think about the taxes and the wealthy? Those of super-wealthy status often call for an increase in taxes. Why? because they've got theirs to the point that the taxes are a drop in the bucket for them, and such raises keeps the number of those achieving super-wealthy status small. So, on the surface they appear to be beneficent, when in actuality, they're being greedy. They want to use legalized government theft to keep others down. And you'll note, the subject of a wealth tax never comes up, and people down here at my level, believe that it's wrong. Two wrongs don't make a right. We can fix it other ways. Let it also be said that not all of the super-wealthy are that way--in fact I think they'd rather enjoy the company.
I do hope for a more equitable world in future, in which the available wealth is more evenly spread - but I think we will only achieve that by encouraging and enabling the individuals of future generations to be more productive, not by denigrating those of our own generation who have achieved success. Some very, very wealthy people have contributed far more to realizing that hope than I ever could - and I take my hat off to them.
I've never agreed with you more. Well said.