Thursday, December 8, 2011
The logic of Class War
It's amazing that we are witnessing a crumbling infrastructure, the dismantling of the social safety net, the dumbing-down of education, the end of services for the needy, and we still have to debate whether we should raise taxes on millionaires or not. In theory, a millionaire could create jobs. In theory, I could create jobs. The reason I don't is because I can't afford to. The reason the rich don't is because they have no incentive to. We need to increase demand and get people back to spending. To do that, they need support so they don't flush away all their money on things that were once covered by the government. To do that, we have to raise taxes on the wealthy. They can afford it, and they're not using their money to create jobs anyway, so what's the difference?