…on whom the greedy socialistas prey; They prey on thee.
Elizabeth Warren suggests–nay! blatantly proclaims!–that the greedy capitalists OWE the proceeds of their labor and risk to society (as if, as a “class” [group] they do not already pay a larger share of taxes, both in gross amount and in percentage of income, than other classes).
Readers of Jerry Pournelle’s Chaos Manor blog (and Pournelle himself) point out a few obvious flaws in Warren’s pronouncements on so-called “fairness”.
UPDATE: Although many other sites go into great detail demolishing the sugar-coated toxic proclamations Elizabeth Warren
is making, Roxeanne, over at Datechguy’s Blog has a very readable version of the major arguments. Good reading. A sample? Sure:
According to Elizabeth Warren, the moment you first flip a switch in that factory and start producing a good, you are an evil rich person who needs to “give back”, because building that factory just sort of happened, without effort, intellect, financial risk, or the employment of others. Had this chickie even run a lemonade stand, she would understand the fallacy in her thinking.
Glenn Reynolds suggests Elizabeth Warren do some remedial reading (below the fold)
I would suggest we start by confiscating all of Warren’s assets to go toward achieving the social ends she seeks. I mean, it’s not as if she’s ever done anything substantive to “give back” to society. Lawyer? Law professor? We have too many of those already.
And another UPDATE, this from Jerry Pournelle on 09/28/11:
As to Ms. Warren’s viral speech about how others paid for the roads and the schools and the police force, I would have thought those are mostly paid by local property taxes, and if the factory owner has got away with not paying those he’s pretty clever. I would have thought that factory owners paid a lot of property taxes. How much of that is fair is, I would presume, a matter for local communities. Raise them too much and the factory moves elsewhere, as Massachusetts has long ago discovered. Of course the remedy for that, according to liberals, is to eliminate competition – make the taxes national so they can’t be escaped. Oddly enough that was all debated as part of the Convention of 1787, but you’d never guess that from listening to this Harvard Professor, who doesn’t seem to have read The Federalist Papers or Tocqueville. But then that’s not too surprising.
Indeed. (BTW, you’re up pretty late, Jerry, “Get some rest. If you haven’t got your health, then you haven’t got anything.” ;-))
And do not neglect Ms. Warren’s remedial reading, below.
Continue reading “Ask Not…”
