Dear Citizen:
We the people see rich people on the road with their fancy cars, SUV's, boats, etc., and some of us are hard pressed to get a dependable car, suitable lodging, computers etc. Hillalry said: "we are all in this together." Meaning we will share with each other and all have enough. Callers to talk show hosts talk about equality, meaning that we should all share the wealth. Pull the rich down and raise the poor up is the idea. Share the money, and we should all have more than enough.
Wealth is produced by hard work. If money produced wealth we could print lots of money and pass it around. Then no person would need to work; OK, print away and what will happen?
If we pay people to do nothing, then they will produce nothing, and they will share nothing with the rest of us.
If you take the wealth from a person that has worked hard to get it. He will not work hard anymore, and he will produce much less to share with those that produce nothing.
I lived in a socialistic country for 30 months. The people lived in small apartments made by the government. Anyone that made any money was taxed heavily, so few were wealthy except government officials. Rarely the people had automobiles. The food was the cheapest available. The best food was sold out of the country. The people did not have an abundance of fruits and vegetables, and many people were ill and unhealthy. The attitude was, why work hard when you can't keep wealth and you can get things for free. There were few large companies, no factories etc. because the people could not get enough money together to start a business.
USA, this is where you are headed. Tax the rich into poverty; then there will be no rich to tax, and "trickle down economics" will stop. It is already stopping, and many that depended on the rich for work have lost their jobs. The many deadbeats that do and will slop at the government trough do not and will not work hard to produce goods and services. We are not headed for the good life by adopting socialism. We shall all have less. Look at the socialistic countries. The people have much less than the people in free countries where people are permitted to keep the benefits of working hard to produce things of value for others. Hard work produces goods and services and wealth for the nations that have freedom to own and keep property. Socialism has and does produced poverty, and that is where the USA is headed, poverty.
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