My ambition for all of my life has been to pay a million dollars a year in income tax. The way I thought about that was, if I paid that much income tax I would be making ten or fifteen million a year at least. It was a tongue-in-cheek look at financial success.
Now we are seeing the demagogue drumbeat of class-warfare that embraces the idea that "fairness" in wages means that our most productive and successful citizens should be restricted in how much they can make. The ludicruous argument stems quickly from a society which has been nurtured on the doctrine of a federally mandated "minimum wage." That is the faulty concept that what you could paid for your work can be detached from the essential value of your labor to the enterprise. That simply isn't true.
The new concept now is a federally mandated "maximum wage."
We The People Decide
The clamoring for specific punitive taxation on the people who labored under the misconceptions that a contract for payment made nearly a year ago would be honored has emboldened the Messiah.
The key phrase in that proposal is the dangling clause, "and possibly other companies as well." What Constitutional authority can we possibly find for either executive or legislative action which would mandate interference with free enterprise business compensation policies?
Compensation is a negotiated settlement between two freely acting parties, the worker and the payer. The largely uninvolved masses of American people who clamor for "economic equality" should be ignored in those transactions. Letting the posturing political class, absent any free enterprise experience, set limits will discourage entrepreneurship, ambition, motivation and excellence. Be prepared for standardized mediocrity.
It worked so well in the Soviet Union and Maoist China, why not here?
No comments:
Post a Comment