19.3.16

ALL INCOME BELONGS TO THE GOVERNMENT

Here's a trip down memory lane, during the Era of the Blue Fist in Wisconsin, when governor Scott Walker took on the Democrat Rent Seekers. Michael Moore says the governor is not being aggressive enough at glomming onto other people's money.
Money doesn't grow on trees. It grows when we make things. It grows when we have good jobs with good wages that we use to buy the things we need and thus create more jobs. It grows when we provide an outstanding educational system that then grows a new generation of inventers [c.q.], entrepreneurs, artists, scientists and thinkers who come up with the next great idea for the planet. And that new idea creates new jobs and that creates revenue for the state. But if those who have the most money don't pay their fair share of taxes, the state can't function. The schools can't produce the best and the brightest who will go on to create those jobs. If the wealthy get to keep most of their money, we have seen what they will do with it: recklessly gamble it on crazy Wall Street schemes and crash our economy. The crash they created cost us millions of jobs.  That too caused a reduction in revenue. And the population ended up suffering because they reduced their taxes, reduced our jobs and took wealth out of the system, removing it from circulation.
We'll leave for another day whether taxation at achievement-resenting levels creates a climate within which the next generation of inventors, entrepreneurs, and job-creators emerge and flourish.  We'll draw the curtain of charity over Mr Moore conflating, as he often does, stocks (wealth) with flows (circulation.)

Of course, you can depend on the heirs to Leon Trotsky to view the gains from trade as something to be held in common.
Contrary to the claims of the politicians and the media, it is not difficult to find the money to close the state and local budget gaps, with enough left over to begin a massive social rebuilding program. Implementing just some of the above proposals would generate sufficient funds, for example, to provide jobs in the next two months for 5 million Americans.
What, no talk of Abolition of the Wages System?

Let Mary Katharine Ham provide the reality check.
So, Michael Moore, you’ve wiped out the country’s richest Americans, millions of jobs, and billions to charity. What are you going to do next? Go to Disney World?

Nope, that’s gone too. The Mouse makes billions, and that money is ours, not theirs.
At least, in this election cycle, the heirs to Leon Trotsky are not feeling the Bern.

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