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The Economic Reality of a Wealth Tax

from BATR:

Proponents of big government, from both the left and right, share one important trait; namely, both spend their waking hours dreaming up new schemes to tax wealth. Only a blind, deaf and dumb observer of economic imbalance would deny that the massive accumulation of worldly assets into the hands of the smallest number of robber barons in all of history is at the core of most social unrest and global instability. However, adopting a Marxist outlook on the evils of the bourgeoisie simply confuses the nature of the financial magnates, while blaming the hard pressed merchant class for conducting beneficial business. Creation of tangible wealth is the greatest achievement in the uplifting and improvement of the human condition, when that stream of riches flows between and among entrepreneurs and business proprietors.

A viable middle class only exists, when the velocity of money grows, as expectation of future prosperity becomes the cornerstone of economic development. Wealth is not the problem. Only the crony capitalists, who game the political system and fix the financial markets, present the fundamental reason why sharing of wealth has become an intangible for most people.

Read More @ BATR.org

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