Comment Completely foolish (Score 1) 646
The problem with this diagnosis is the prescription that follows.
The article laments inequality, then, wants to solve it by creating a super powerful government. So, the wealth is never really obtained by the individual when someone else is taxed. It's saying, "I'm going to help you by taking money from someone else". It's a total lie, is what it is.
The way to ensure money "trickles down" is to ensure that it must be risked and therefor spent. As long as governments run massive, chronic deficits, then, there's always an investment place of last resort in guaranteed treasury bills. Additionally, lending must be deregulated, along with the legal recourses given lenders due to default. The idea of creating equality is to create an economy where one either uses the wealth they have, or they lose. If they use it wisely, then, naturally, things will work out for them. But generational handoffs are much less likely to occur.
Additionally, deregulating private property is also good. To create wealth is to create savings and investment. However, one cannot go up the ladder when the cost of doing anything keeps going up due to regulation. While they may be good for some people, the fact is, all the expense around home ownership, building, and so on, is directly related to all the mandated costs and mandated hiring regulation creations. Whenever you get a dollar, there's someone you are mandated to spend it on in their interest, not yours. In that sense, what socialism we have is actually working very well, in that, it is keeping the middle class permanently suppressed.
Taken together, it seems the real story is, "we've ruined everyone else's life by creating economic stagnation, but now we need to ruin the lives of the people that did break out, too."
Left wingers hate individual success and surprises and above all they hate freedom, so they want to make it as impossible for anyone to succeed as they possibly clan by fooling us into thinking that individuals are not capable of anything. One man, as it is, can do a lot, and they on the left just hate that some men have more will and talent than others.
So this middle class man stuck forever who supposedly needs a liberal rescue will stick his wall in the sand with this quote:
"If you want me to care about the planet and all the things you say I should care about, then you can bloody pay me with all that money you are trying to steal."