Wednesday, February 22, 2012

"Fairness" Demystified

The 'Fairness' Fraud - Page 1
He pointed out that a child born to a poor woman in the Bronx enters the world with far worse prospects than a child born to an affluent couple in Connecticut.
No one can deny that. The relevant question, however, is: How does allowing politicians to take more money in taxes from successful people, to squander in ways that will improve their own reelection prospects, make anything more "fair" for others?
Countries whose politicians have been able to squander ever larger amounts of a nation's resources have not only failed to make the world more fair, the concentration of more resources and power in these politicians' hands has led to results that were often counterproductive at best, and bloodily catastrophic at worst. 
BO and even most of the Democrats are smart people. Don't they know this?? Don't they "care" about real results?? If their polices keep just adding to the deficit while the economy sputters along with gas and other prices rising, why would they keep yammering about "fairness"??
However, raising tax rates on "the rich" pays off politically, even if the government loses revenues when the rich put their money into tax shelters.
High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates -- or perhaps any taxes at all.
and there you have it. The payoff is purely political. Nobody beyond those seeking political power is "helped", but in their world, that is really all that is important. "Fairness" is a political device, and it's only purpose is to get people "in the fairness industry" elected. Note that the fairness industry along with "the environment industry", "the race industry", "the gay industry", "the illegal immigrant industry", "the labor industry", "the regulation industry", etc have been BOOMING since '06 and especially since '08.

 It is too bad that all those "industries" don't pay off with anything other than some government jobs and federal spending -- rather than the evil "oil industry", or "technology industry", or "manufacturing industry", which tend to produce products that people want to buy at a profit, along with the jobs and wealth ...and yes, taxes!

What is the main product of the "fairness industry" beyond "Democrats in office"??

High deficits and sluggish over regulated business. At least BO has create one kind of a "boom"!!

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