Monday, December 26, 2011

Unicorn Hunting

Harry Reid may be the dullest, blandest, most scripted and possibly even most ignorant individual ever to occupy the position of Senate Majority Leader. I've never seen him speak extemporaneously. I don't think I've ever seen him look squarely at the camera. I don't think I've heard a hint of modulation as he delivers his talking points. He's a drone. But he's a powerful drone.

You know the mantra. The only solution to the nation's economic problems is massive redistribution. You can phrase it however you please, but the policy position is to increase the "progressiveness" of our tax structure to take more and more from the successful and cut the few remaining tax levies on more and more of the population to insure that they vote Democratic in gratitude. It works quite well so far.

Who creates jobs?

You just got a magnanimous $20 a week for the next eight weeks. It isn't an additional twenty, it's simply not taking a twenty back that they gave you last year. So how many folks are you planning to hire with your windfall?

According to Sen. Reid, it isn't millionaires that hire people. A millionaire job creator is like a unicorn, he says. They don't exist. So what happens if someone seriously examined the data?

Unicorns Found in Forest of Free Enterprise. Lot of Them!

Isn't that surprising? Well, no it isn't. It's purely logical.
Millionaire tax filers earn $221 billion – almost a quarter of a trillion — from business and professions, partnerships, and S-corporations. This is puzzling: If Harry Reid’s figure is correct (2,361 millionaire businesses), then the average millionaire-owned business earns almost a hundred million dollars, and all, except 118 of them, do this without hiring anyone. These super heroes do their own typing, selling, drafting. public relations, building, and manufacturing. They do not need employees. Remarkable!
But then his party has never quite understood the concept of supply/demand, capitalism and free markets, labor and production. These seem so simple, but they are so seldom recognized.

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