Friday, September 23, 2011

Warren on prosperity and taxes

If you spend any time on a social network, you're bound to come across this video of Elizabeth Warren, who's running for the U.S. Senate in Massachusetts. In her remarks she says:
There is nobody in this country who got rich on his own. Nobody. You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.
Just goes to show, you can start with a valid premise and end up with an invalid conclusion.

As Rush Limbaugh once proposed, it's time to Tax The Poor. 

The rich may benefit from public services, but they can afford to buy their own services.  The poor benefit much more directly, and in much greater proportion, than the rich do.  Let them pay a proportionate share of the upkeep.

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