How to Stop Worrying and Love the Rich

It would seem to be a no-brainer that if the left believes that the rich should pay the lion’s share of taxes, as in fact they do, then they would similary agree that policy should support creating the greatest number of rich possible; that it would actually be a good thing if economic inequality were increasing? Wouldn’t it be better, hypothetically, if 10% of the people made over $1,000,000 a year and paid 60% of the total tax burden rather than having, say, 20% paying 50%? Clearly that would provide beau coup billions more revenue to the treasury.

When the country was founded, extremely minimal taxes never provided for taking care of individuals that slipped through the Republic's cracks. It took 150 years for our country to buy into the idea that it was government's job to take care of people. Taxes started going up dramatically as the burden of caring for the destitute and the aged poor became a shared value. Clearly in America we'll never allow these aforementioned groups to suffer so the problem should simply become - what’s the best way to practically fund their requisite additional assistance? More rich people paying more taxes creates more revenue to help the needy. Simple right?

The vast majority methinks would agree with this syllogism but for a pervasive mass perpetrated popular delusion; that if the rich have more then the rest of us as a result must have less. This is a truly one of the most dangerous economic myths and contributes mightily to decreased productivity, social unrest, resentment and class warfare. Now I'm only going to say this once so please pay attention. Just because Bill Gates has billions it doesn’t necessarily follow that any of us have one dime less. His billions didn’t come out of everyone else’s pockets. His wealth was created, not moved. It’s not a zero sum game. The pie got bigger. Capitalism is a wealth creating system. What? Your social studies teacher never told you that?

The truth is that the wealthy in the USA are paying the biggest share of total taxes in our history even at the Bush tax levels and it's entirely possible that if their rates were lowered that their share might actually increase. It's unarguable that since the early 80's when tax levels were reduced on high earners their share has increased. So if it costs us, the less than rich, nothing to have more millionaires, ( kindly review the previous paragraph ) it would incontrovertibly behoove us as a society to adopt policy that creates as many rich people as possible so they can pay an even greater share! Now is there a clinically sane person in the country that would make the argument that higher taxes on the rich will create more millionaires? You'd have to be an intellectual to believe such a thing...

But why stop with having them pay only for 40% of the tax burden*? If we have enough of them they can pay for everything! Imagine.. no taxes unless you make over 100K... or 200K! We should be teaching Napoleon Hill in the 3rd grade. Does Trump get invited to talk to grade schoolers and high school graduates? Imagine all the people... living off the rich. But as for me fellow Americans, I don’t care how many billionaires there are in this world as long as they’re paying for my health care and social security... and why not green's fees. Love them rich folks! Maybe we should stop denigrating them and start thanking them? They might work even harder.....

*The last government reported share of taxes paid by the top 5% of wage earners.

M.D.T