I love most of my Republican friends, but I wish more of them believed in capitalism. Sadly, too many of them prefer to reject capitalism in favor of a kleptocracy. Why do they hate America so much?
I also wish my Republican friends were as patriotic as I am. Unfortunately, too many of them are part of the “rich America first” crowd.
I was re-reading my good friend Adam Smith’s book “Wealth of Nations” today and stumbled upon a fairly important passage:
The necessaries of life occasion the great expense of the poor. . . . The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. . . . It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
Gosh, that last sentence sure does seem to make sense, doesn’t it? The rich should contribute to the public expense in greater proportion to their revenue than the non-rich. It’s almost like Adam Smith, the father of modern economics and the man who created modern capitalism – wants to spread your wealth around.
I bet Adam Smith would be a democrat today. He seems like a good guy.
Oh, and for the record – Republicans – stop telling me that Ireland’s business taxes are among the lowest in the world. If you continue to advocate for the Irish system of governance and taxation, I’m eventually going to hold you to it. This means high income taxes, government-sponsored health care as a result of individual taxation, and a graduated business tax that puts the highest burden on small businesses. Sounds great to me!