Wednesday, March 25, 2009
Dividing the Country while Destroying the Economy
Not many years ago in America, when a son asked his father the reason why a classmate or a neighbor had a bigger house or a nicer car, the answer was along the lines of, “he went to college, he worked hard to get where he is and he works hard every day to earn the money.” Today, in President Obama’s America , the answer is more about the wealthy being immoral and greedy; and Mr. Obama uses those words every day to describe the wealthy or the companies where they work.
The president of the United States should not fan the flames of class envy and class warfare, while showing no basic understanding of capitalism and economics. The actions of our current government leaders have been disturbing to those of us that understand what turned America from a collection of agrarian colonies to the economic superpower that we are today.
Over the past fifty years, we have come a long way from the founding fathers' vision of America . Even among the founders, the early advocates of a strong central government would be deeply disturbed by the level of invasiveness and control exhibited by the federal government today and dismayed by the level of federal taxation and debt. None of this, however, would disturb them as much as the rhetoric of class warfare and the shameless promotion of class envy by this president and the other democratic leaders.
The majority of the millionaires in America today did not inherit their fortunes, they earned them. They earned them legally and through education, personal risk and hard work. We need to encourage the next generation of Americans to follow in their footsteps and resist the temptation to use the tax code to punish their success or to garnish additional revenues to temporarily boost the standard of living for the rest of us.
Every dollar taken from the investment class diminishes our ability to create new companies and grow jobs. In the long term, this dollar will produce far more for America in the hands of those that know how to invest it, than it will by the temporary redistribution that is underway. While the new administration learns about basic economics through on-the-job training, I would hope that they can refrain from dividing this country with their rhetoric and personal attacks.
Submitted by D.B.Jackson