The below quote from the article deserves repeating. I believe this concept is
in line with the teachings of the Book of Mormon and of Jesus Christ. Thank God
for good men of wisdom like Mr. Hindery!"How can we believe in
the American dream when 10 percent of the people have half the nation's
income? It's immoral, I think it's unethical, but I also think that
it's bad economics," Hindery said. "The only people who can take
exception to this argument are people who want to get super rich and don't
care what happens to the nation as a whole."
We look with jealousy at the rich. Mark Twain said their money was twice
tainted: "t'aint yours and t'aint mine". For the most part,
people who know how make a lot of money. The entertainment industry is based
upon a lot of people watching the performance(s)-movies athletic events.
Advertising is needed by businesses to thrive.etc... Government likes to go
after them because government is a big spender and wants lots of money.
Government leaders and employers are very-well paid, compared to the majority of
the people they serve. Of course, it's all a bit more complex than this.
But, the main thing is that the rich mostly earn their money, legally and in the
process create jobs for others. It is reasonable for the rich to pay a
reasonably more amount in taxes, because, like insurance, they have more to be
'protected' by governmental services,but, not suffocatingly so. It is
well when the rich invest more back into society, voluntarily. Some already
do.We ought not drag all down to a homogeneous level of poverty(except for the
political elite and their cronies).
The greatest good the super wealthy could do is seek out budding entrepreneurs
and help them establish their companies. Be tough. Be exacting. But lend a hand
and financing to good potential businesses. They will employ 100x more people
than any government program.Taxation is a terrible idea on them
because where will the taxes go? To temporary government programs that feed a
man to fish (needed on a limited basis) in order to help whatever party in power
Herbert Hoover, a Republican President, said: "The trouble with capitalism
is capitalists; they're too ... greedy." And for every good capitalist,
like Mr. Hindery, apparently there are an overwhelming number of
"too-greedy" capitalists -- hence the huge wealth gap that is getting
worse, just as in Hoover's day, right before the Great Depression. That sad
part is the innocent really pay the most for their greed.
I sure wish it weren't so easy to know the stance of the "reporter"
who wrote this. But, when Hannah Dreier uses very loaded language in saying
that, "Members of the 0.1 percent now make at least $1.7 million a year and
**grab** 10 percent of the national income...", it becomes clear that she
has an agenda that goes far beyond mere reporting.As to the message
of the article which seems to be clearly that those who make "too much"
should be penalized with various forms of taxes, I've got a much better
suggestion.Since it is now and always has been possible for the very
wealthy (or anyone else for that matter) to simply **give** away however much
they deem proper to whomever they think needs it more, how's bout simply
concentrating on persuading people to do what the state thinks is proper.That would be much better than having the state forcibly confiscate
(i.e., taxes of various kinds) what the state deems "proper". It helps
preserve the right of personal property for everyone AND doesn't raise the
all too common specter of statist devaluation of individual freedoms in general.
Greed is not manifest in earning, but in spending. It is prejudiced and unfair
to equate wealth with greed. Objectively, wealth is a manifestation of success.
Whether that success is personally earned or deserved is a different
discussion.I contend that government targeting some of its citizens
to confiscate their wealth is unconstitutional, economically harmful, and just
plain unAmerican. All Americans should have equal freedom to achieve or not to
achieve, and should be taxed equitably if not equally. Our government should
not tell any citizen what to do with their money or property, and neither should
Lucky for many of us, we know that God and Jesus are more than happy many of
those wealthy people.In Jacob 2:19 we read "And after ye have
obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will
seek them for the intent to do good—to clothe the naked, and to feed the
hungry, and to liberate the captive, and administer relief to the sick and the
afflicted."Isn't it great when wealthy people employ the
poor to lift them out of poverty and the captivity of government programs?We know that Jesus himself blessed and praised the wealthy. In Luke
19:1–10 we read about Jesus and Zacchaeus. Zacchaeus was a rich publican,
and was generous. Jesus tol him that "This day is salvation come to this
house".The problem isn't those who have money, but hose
that love money.As Jesus said in Luke 12:13-15, when a man wanted
Jesus to force his brother to divide an inheritance. "Take heed, and beware
of covetousness: for a man’s life consisteth not in the abundance of the
things which he possesseth."
Behind every great fortune lies a great crime – Honore de Balzac