Building an economy from the bottom up
We have been guided by a Republican administration who believes in the simplistic notion that people who have wealth are entitled to keep it and they have an antipathy towards redistributing wealth and they may be able to sustain it for a while but it doesn’t work in the long run.
MKH:
he reveals to us his very frank feelings about redistribution of wealth, which he feels has been impeded by simplistic notions such as right to property. This is the kind of Democrat Obama the Redistributionist will have obliging him in Congress
Ed:
Moran practically argues against himself in the leadup to this statement. He notes that American industry has become more efficient and more productive than ever, a necessary improvement in order to compete on a global stage. Moran doesn’t mention that we achieved that while keeping unemployment low. Why? Because the wealth that this efficiency created got “distributed” by the people who owned the capital into other enterprises that created jobs and more wealth, and more jobs, and so on. Otherwise, had people hid the money in savings accounts or mattresses, the higher efficiency would have resulted in higher unemployment, not lower unemployment.
Now Moran and Obama want to have government confiscate capital at higher rates in order to “share the wealth” through government bureaucracies. That will kill the engine of economic growth and stall the creation of new jobs. The only growth industry in America will be government bureaucracies and Joe Biden’s WPA II.
We should keep in mind that Moran reacts to intelligent questions this way..His slip of the tongue at the end was how he really feels..he really would rather talk to people that don’t know what they are talking about..
“Rep. Jim Moran (D-VA): the simplistic notion that people who have wealth are entitled to keep it and they have an antipathy towards redistributing wealth and they may be able to sustain it for a while but it doesn’t work in the long run.”
I think any politician who spouts this Marxist, anti-American nonsense should have all of their net wealth over $250k confiscated. Starting with this Moron.
It is unbelievable to me that anyone would even utter this. But this kind of rhetoric appeals to imbeciles (and there are far too many of them) who think that wealthy people have cash and gold piled up and they sit there counting it all the time and won’t let anyone else have any. As the topic points out, the wealth is invested in the economy, producing jobs and generating income for others.
Robert. Living in an area surrounded by liberals you would be amazed at how many of them DO IN FACT believe its an okay thing to do. It has always struck me as being very scary insofar as they seem to be towing the line. Once their own taxes get raised they cry broke and blame republicans.
The lack of taking responsibility for their own failures is the really scary part.
Its funny. Moran was at a party in McLean last week at a home worth in excess of $3M, surrounded by people that live in similar homes. He didn’t say this at THAT party. Perhaps its because he came over from his new wife’s home which is worth $6.5M. Of course she inherited her husband’s real estate company upon his passing. Like John Kerry, these guys create nothing and live off the efforts of better men.