I don’t understand why people continue to tell me that the wealthy should be taxed more than anyone else. I got into a discussion the other day with a guy who thought I was literally crazy for suggesting that a baseball superstar making tens of millions a year should be taxed the same percentage as – yes, I know it’s practically blasphemy – a schoolteacher making under forty thousand a year.
In Barack Obama’s book The Audacity of Hope, he echoes Michael Moore and bewails the fact that CEOs of corporations make over two hundred times the salary of their employees. Yeah, so what? Why should you care?
In his book, Obama also points out dryly that the “wealthy in America have little to complain about” and goes on to give a laundry list of excessive luxury items on which they should not spend their money. Maybe. But Americans have a right to be as superficial and covetous as they want, Senator. You don’t have to like people who buy gold-plated toilets, but that doesn’t give you – or Warren Buffet – the right to say that the government should require them to be any different.
How about this for a shocker: The poor in America have little to complain about. As we all know, “poor” in America means something quite different from “poor” in say, Ethiopia or Bangladesh. In America, most people living below the poverty line still have homes to live in, cars to drive, and cable TV to watch. The number-one health problem for poor Americans is obesity. Obesity. Think about that for a moment.
So many people have an emotional knee-jerk response to this issue. “No fair!” they shriek. “The average American works hard and tries to raise his or her family and they get shafted.” Yes well, “average” Americans have the same opportunities as the richest men in America have. Plenty of “average” Americans have made decisions that have led them to be highly successful. Plenty of “average” Americans have become wealthy because of determination, innovation, entrepreneurship, and smart business and investing skills. Maybe part of the problem is that so many people seem perfectly fine with labeling themselves “average.”
I’m not saying there aren’t problems in America, and I’m not saying that we should be heartless and unresponsive to these problems. But why should the answer be to penalize people who are doing well? Big corporations are making lots of money because they’re efficiently providing a good or service for people. The CEOs of monster corporations are Americans, too; they have a right to run their business the way they want. Why should they be forced to pay more of their money than anyone else? Because they’re rich and therefore have an “obligation”?
Why? They don’t owe you anything. They didn’t wrong you or steal from you. They had to make their money following the same rules that you follow. The rich are getting richer? So what? Why do you care what other people do? Stop whining. Earn your own money instead of demanding that others give you theirs.
A big corporation just ran you out of business? Tough. Stop whining. What, are you saying that big corporation didn’t have the right to try to do better than its competitors? Isn’t that exactly what your business was trying to do? This is what happens in competition. You don’t have to be happy about it. The world is a tough place. But you didn’t get shafted; you simply lost. Get over it and do better next time.