Soak the Rich is Wrong


I intend to write more about foundations, but Mr Obama’s speech this evening, and this article by Peter Morici demand some commentary.

Mr Morici does an excellent job of describing the practical effects of Obama’s economic proposals.

The economics is simple, and beyond question. Raise the price of hiring, you get less hiring. Raise the difficulty of starting and running a business, and you get fewer businesses. The truth is that if you raise taxes on “the rich”, you not only end up with less investment, you end up with those “rich” putting more of their effort into making sure the tax man can’t lay hands on what they’ve earned. Don’t kid yourself – they have options, which include not working so hard.

Our society is built on the idea that the limit on what you can accomplish is only you – your talent, skills, effort, and tenacity. Those who push “soak the rich” policies follow another ethic: “You didn’t earn it. If you have something I don’t, I have a right to take it from you”. Those in power get to decide what’s “fair” – a little like King George did. Nothing is safe from the envy of your neighbors. Covetousness is transformed from sin to virtue.

The reason “soak the rich” is bad policy is not because of inefficiency or bad “economic outcomes”. It’s because it’s wrong. Private property has to mean something, or we are all serfs in service of the King.

City On a Hill


The United States of America has a remarkable history. Born in wilderness and exile from European “civilization”, settlers in the new world built the most prosperous, most tolerant and generous society the world has ever known. All this was done in freedom; built from voluntary association and cooperation. America is truly a shining example of what can be done if a community works together with a shared vision.

I believe in that vision. I believe that people, working together with a common vision, organized by voluntary association and cooperation, can accomplish amazing things.

The vision requires understanding of the fundamentals that hold us together. We hear a lot about our faults as a nation, and that is as it should be. We should be critical of ourselves, but we also need to remember our strengths, and our core values. We must celebrate what is great and good about our nation and our culture. We must never take our nation for granted. We must love our country.

We are the “shining city on a hill”.

Radio spots on KTLK

[updated 7:18 PM Monday 11/3]

We have radio spots lined up during the morning drive time on Monday and Tuesday Nov 3rd and 4th.

The audio for the radio spot is here:

This aired Monday morning at 8:12 am and 9:04 am. It will run again tomorrow morning on KTLK, and also once during the “morning” on KFXN-fm (100.3).

Air times tomorrow:

AM 1130:  6:41am, 7:36am

KFAN, 100.3FM:  6:34am

…and be sure to vote – it’s important.