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Title: Why We Need Rich People
Source:
GP
URL Source: http://godfatherpolitics.com/139/why-we-need-rich-people/
Published: Jun 29, 2011
Author: GP
Post Date: 2011-06-29 07:15:15 by CZ82
Keywords: None
Views: 7141
Comments: 18
Why We Need Rich People
The rich often get a bum rap. Liberals are incensed when it is suggested that “the rich” get any type of tax reduction even though the top 50% of wage earners pay 96% of all income taxes. Since they spend more money, the rich also pay a disproportionate amount in sales, property, entertainment, and excise taxes. Without the rich, most people would not have jobs.
The first computer my company purchased in the mid-1980s cost $7500. That’s about $21,000 today. It was huge and could only perform a few simple tasks, mostly word processing. The floppy disks were the size of dinner plates and held very little data (360k). Almost overnight, computer prices dropped and performance levels increased dramatically.
The first portable computer built by Compaq was the size of a sewing machine, but it was a vast improvement over what was then available. The hard disk capacity was 10 megabytes. Today’s laptops have multi-gigabyte drives (terabyte drives are available and needed for backup), super thin monitors, built-in modems, CD/DVD drives that can play music and movies, and much more, all in a 2 to 4 pound package that can be carried with you.
The first cell phones were the size of a small backpack. It didn’t take long before this monstrosity (by today’s standards) became the size of a brick. Now, when folded, they they are smaller than a half-pack of cigarettes and can do extraordinary work that wasn’t even conceived ten years ago. They are so cheap to own and operate that many people have given up using conventional (land-line) phone service.
What made these performance gains and price reductions possible? People with lots of money purchased the first high-priced items. They had the financial ability to lay out “excess” capital for what most people would consider luxury items. Cell phones are now so cheap that even homeless people can afford them.
The research and development costs of any new technology are enormous. That’s why the initial entry of new products into the market is expensive. But over time, when the initial investment of capital is recouped and production increases, costs and prices fall. We saw this with CD and DVD players. Today, music can be purchased online and stored on a device that can hold tens of thousands of songs. People with money made these leaps in technology and price reduction possible.
Slamming the rich by contending that they should pay more in taxes to equalize income is the sin of envy. Envy is not the same as jealousy or covetousness. The covetous person says, “I wish I had what he has, and I’m miserable that I don’t have it.” Envy is quantitatively different. This how the envier reasons:
I’d like to have what he has, but I know I can never get it. Nobody should be allowed to have it or at least that much of it. If I can’t have it, neither should anyone, and if I can’t make this happen, I’ll make sure it costs him a lot of money to own it. I’ll work to destroy people who can afford these things. Maybe I can get the government to make it illegal to own or too expensive to keep.”
This is why the Bible describes envy as “rottenness of the bones” (Prov. 14:30).Cain was the first envier. He could have offered a sacrifice equal to that of Abel or offered a sacrifice that was from a pure heart. Instead, he murdered his brother because of his success. It didn’t make Cain any more successful, but I suppose, for the moment, the act gave him satisfaction. Envy appears again in the book of Genesis when the Philistines envied the prosperity of Isaac:
Now Isaac sowed in that land, and reaped in the same year a hundredfold. And the Lord blessed him, and the man became rich, and continued to grow richer until he became very wealthy; for he had possessions of flocks and herds and a great household, so that the Philistines envied him. Now all the wells which his father’s servants had dug in the days of Abraham his father, the Philistines stopped up by filling them with earth (Gen. 26:12–15).
The Philistines could have dug their own wells and inquired of Isaac to learn the methods of success. Instead, they destroyed his property to bring him down to their standard of living. Of course, with Isaac’s wells sabotaged, a drought would affect Isaac and the Philistines equally. But enviers don’t think ahead. They only care about dragging the successful down to their level of incompetence.
Societies that struggle to exist economically are infected with envy. Prosperity in others infuriates the envier and moves him to destroy what he does not have and will not work to get. Western enviers are sophisticated. Enviers in civilized societies don’t burn a villager’s crops or sabotage his wells. They run for political office or vote for those who do so they can stick it to the rich in the name of “tax fairness” and “social justice.” The long-term result is the destruction of the prosperous man’s ability and incentive to create wealth. In the end, the destroyed crops, the poisoned well, the high taxes hurt all of us. With no discretionary capital, there is no one to buy those initially expensive goods that make life easier for all of us. So, instead of envying the rich man, thank him and work to be like him.
Modern-day economic theory feeds off the sin of envy. The first step is to promise the citizenry that they will get some of the largess of the rich. When that only goes so far, legislators will make it more difficult for the prosperous to remain prosperous. Obstacles will be put up to stifle their success, all in the name of equality. We’ve seen it happen before. The Communists had to build a wall around East Berlin to keep the industrious from fleeing the politics of envy.
So the next time you resent the rich, ask yourself if you are an envier.
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"Rich" people are a blessing, creating jobs and paying the lion's share of taxes.
Dumb and lazy people disagree, sure. That's because they're dumb.
#2. To: CZ82 (#0)
The first portable computer built by Compaq was the size of a sewing machine, but it was a vast improvement over what was then available.
I believe the first portable computer was an Osborne
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
#3. To: lucysmom (#2)
I believe the first portable computer was an Osborne
So was that a desktop or laptop???
The first computer I had (desktop) was an AST!!! (don't ask me what the letters stand for cause I don't remember)....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning
#4. To: CZ82 (#3)
So was that a desktop or laptop???
Desktop, definitely.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
#5. To: CZ82 (#3)
This is the Compaq portable.
#6. To: Skip Intro (#5)
It looks like the Compaq carrier might get lucky.
#7. To: Fred Mertz (#6)
It looks like the Compaq carrier might get lucky.
He'll be lucky if the plane can get off the ground carrying that load. I remember these things, and the Osbornes and Kaypros too.
It cracks me up to hear people complaining about the nine pound weight of desktop replacement laptops today.
#8. To: Skip Intro (#7)
...and Kaypros too.
I bought stock in that company and went to the cleaners.
#9. To: Fred Mertz (#8)
I bought stock in that company and went to the cleaners.
I hope you missed the dotcom bust.
I didn't.
#10. To: lucysmom, CZ82 (#2)
The first portable computer built by Compaq was the size of a sewing machine, but it was a vast improvement over what was then available.I believe the first portable computer was an Osborne
That's because you don't know anything about computers, and that you are challenged by the clumsy syntax of the sentence in question.
It was the first PC built by Compaq, not the FIRST PC ever.
Which, IF you knew anything about the history of computers or had even a hint of the basic English comprehension skill of determining meaning from CONTEXT, and not just by the SYNTAX or the vocabulary used, (and AGAIN, clearly; you do not), you'd already know that.
Spoiled, stupid and ignorant, brain dead phuckwads, libTURD fools, tools, and idiots, are the real sickness; the messiah "king" obammy and his regime are only the symptoms.
#11. To: socalv8, CZ82 (#1)
Most of these high priced gadgets were purchased by businesses (not rich individuals) for business purposes (not for leisure).
So your thesis is garbage.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#12. To: Godwinson (#11)
purchased by businesses (not rich individuals)
Hence, our corporate tax policy.
I agree with you for once. Obama does not agree with you, for once.
#13. To: Godwinson (#11)
Most of these high priced gadgets...So your thesis is garbage.
I didn't read the article. Tell me about my thesis.
#14. To: CZ82 (#0)
Why We Need Rich People
When Adam delved and Eve span, Who was then the gentleman?
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
#15. To: lucysmom (#14)
When Adam delved and Eve span, Who was then the gentleman?
Interesting...
That little bit of Revolutionary thinking comes from 14th Century England courtesy of John Ball cleric and leader, along with Wat Tyler, of the Peasant's Revolt of 1381. I think it was restated in the Declaration of Independence as "... all men are created equal ..." which is an ideal so revolutionary that we avoid it even today.
#16. To: socalv8 (#15)
...the Peasant's Revolt of 1381...
The working classes realized they had value, and demanded higher wages and fewer hours of work.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
#17. To: lucysmom (#16)
The working classes realized they had value, and demanded higher wages and fewer hours of work.
They must have grown tired (and emaciated) waiting for the rich to let some of that 'trickle down' loose.
#18. To: mininggold (#17)
They must have grown tired (and emaciated) waiting for the rich to let some of that 'trickle down' loose.
The workforce contracted due to the plague. Suddenly the upper crust was forced to deal with the reality that productivity is a function of the working class. The working class realized that too and demanded a bigger share of the fruits of their labor.
Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized.
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