Dear Flaco,
All things have value. A baseball card, a hammer. Minutes on a cell phone. Your time, my time. And the weird one; money. Money has value. It can be bought, sold and even invested so as to make more of it. And when there is more of it then there used to be, we say that we are creating wealth. When there is less of it than there used to be, pay attention here Obama lover, we say that we are destroying wealth.
Now, if you can, just for a second, pretend that we stopped building stuff. Doing stuff. Making things. Changing them from what they are now to what they could be. That is, we just trade money for things that already are. We have zero wealth growth. All the money that was is the money that is. And that, my skinny friend, is no good. What we like better is for the pool of money to grow. We want there to be MORE of it than there used to be. This is a good thing and is what we mean when we say the economy is growing.
So, check it out. There are people who are kinda bad with money; me. And then there are people who are good with money; my wife. And then there are people who are good at BUILDING money; yea ol’ entrepreneur. This is the guy that takes random stuff that cost him $x and turns it into something that he can sell for $x+y dollars. When y is large enough for him continue sacrificing time and risk, he will continue to generate y. And when y is either small or negative, our hero will decide to shutter his shop and go back to work. So, through natural selection, the strong vibrant businesses will succeed. And the better the business, the better that success signa, will be—he will have made more money.
The government. Now the government does 1 of 2 things. It either takes money and spends it, often foolishly. Or, or, and this may be the worst of the two, it tries to make money by setting up it’s own shop. But when it does this, it legislates it’s own competition out the door. There is no competition, so there can be no y signals to let us know if the government is doing a good or bad job.
So, one the one hand, we have people who have more y than other people; because the are good at growing y. And then we have the government who either wastes y or prevents other people from having the shot at presenting more y than Uncle Sam.
Now, here is why we wanna reduce taxes on the rich:
- If we tax the amount of y enough, at some point the shop keeper will tip. What’s left after taxes is not worth the risk of opening his business. And so he closes. Or, doesn’t open to begin with.
- If the shop keeper is able to make y as a function of x, then by reducing his supply of money, he isn’t able to make the amount of y he should have.
- If you can make 10% profit and have 1000 bucks, you end with $1,100. But if good ‘ol Unc’ takes 300 first, you only start with $700. You now make $770. So the State cost the state 30 dollars.
- The more you give to the government, the more the government wastes. Either by foolish spending. Or worse, by destroying the value by trying to go into business itself.
So you see my foolish foolish friend, this has NOTHING to do with setting up a system where by the rich just continue to exploit the poor. You libtards may think that’s how it works because that’s how it looks, or perhaps more accurately, that’s how it feels.
When you are down by 1 with 2.3 seconds left, you give the ball to Jordan everytime. EVERY single time. Why? Because he has demonstrated that he knows how to make shots. I, on the other had, demonstrated very early on that I don’t know how to make shots. The same is true about money.
Does it suck that there are Jordans out there when it comes to making money and we are’nt one of ’em? Maybe-sure. But by trying to “level the playing field” we just jack it all up instead.
Love,
-pino
p.s. by the way, even when it’s Jordan making all the points, the rest of the team still gets a ring. And so it is here in America. Only in America can it be said that the poorest among us have cell phones, dvd players and air conditioning.
But hey, if I suck at basketball, so should you!
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