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Eating Your Seed Corn
By Demosthenes | November 13, 2008
You can say what you will about raising taxes on the highest 5 percent. If we do it, we’re eating our seed corn. The Democrat leadership knows this, they just don’t care. The rest of the population simply doesn’t understand economics well enough to realize what happens. What they really want is more control over the public.
Yes, the top 5 percent are rich. They’re also the ones who engage in risk. They’re the ones with the capital to invest in new opportunities. Go ahead and tax away. Eventually, the top 5 percent will simply stop investing. That means no new jobs.
Finally, liberals will get what they really wanted. Equality. Yes, the disparity between the rich and the poor will dissipate. Unfortunately, instead of bringing the poor up, you’ve simply brought the rich down. When you bring down the rich, the overall wealth will diminish. And then there will be no jobs.
Apparently it’s more important that nobody become or stay rich than it is to have an economy that grows.
Oh well, at least we’ll all be equal.
Topics: General | 47 Comments »
47 Responses to “Eating Your Seed Corn”
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November 13th, 2008 at 1:51 pm
Eating our seed corn is a perfect example that anyone should understand. Every day someone else has their hand out. I’m fed up too.
Debbie Hamilton
Right Truth
November 13th, 2008 at 3:34 pm
This is so true! I heard a preacher one time say that the best lesson any person can learn is to not plant your bread and never eat your seed.
Such a simple truth, but it’s something our government seems to never practice, the simple truth.