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What do Leftists Think “The Rich” Spend Their Money On? Caviar and Hookers?

Posted on December 2 2010 5:00 pm
David Swindle is the Managing Editor of NewsReal Blog and the Associate Editor of FrontPage Magazine. Follow him on Twitter here
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Yeah, we'll just go with the picture of caviar. If you want an image of a hooker then, well, you're on the internet now and shouldn't have too much of a hard time finding THAT.

I get this sentiment pretty regularly when dialoguing with my friends: “The Rich” don’t need the hundreds of thousands or millions of dollars they earn every year. So the government should tax them more and give it to people who do need it.

One of my dearest friends — who I wouldn’t characterize as a leftist per se, just a big-hearted idealist — commented yesterday in response to a dialogue inspired by one of my tweets:

“So taking a little more from people who really arn’t gonna miss it so people (like myself) who are really gonna miss it is wrong?”

Yes, it is wrong. Why? Because it doesn’t actually work to improve people’s quality of life. If you take money away from “the rich” are you just reducing the amount that “fat cats” can spend on caviar and prostitutes?

Today at FrontPage we featured a column from The Great Thomas Sowell who fisked leftist economist Robert Reich:

Professor Reich points out that both Republicans and some conservative Democrats say that we cannot afford another extension of unemployment benefits because the deficit is already too large.

Then he adds: “But wait. These are the same members of Congress who say we should extend the Bush tax cuts for the wealthy.”

Reich advocates “extending unemployment benefits for struggling families without a breadwinner” because “These families need the money. The rich don’t.”

This is the Democrats’ argument in a nutshell. It seems very persuasive on the surface, however shaky it is underneath. But cuts in tax rates do not mean cuts in tax revenues, as Reich assumes. How the tax-rate battle in Congress turns out may depend on how well the Republicans answer such arguments.

President Obama of course has this same philosophy: “At a certain point you’ve made enough money.”

But what the sentiment “At a certain point you’ve made enough money” actually translates into is, “At a certain point you’ve created enough value, you’ve improved the world enough, and you’ve created enough jobs.”

It’s simple: maintain the Bush tax cuts — in fact reduce taxes for everyone even more — and you’ll empower productive people who will then have the ability to create more jobs, develop new business, and innovate new technologies which will make all of our lives better.

Give a man a spoonful of caviar and he eats for a moment. Cut the taxes of the caviar plant and give him a job, train him how to do a trade, and his whole family eats.

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