Close The Book Forever On The Failed “progressive” Experiment
August 28, 2012
Originally posted on Mjfellwrites:
The current White House occupant, in a calculated, targeted attack against Republican rival Mitt Romney, attempted to dismiss a key Romney rationale for his presidential candidacy by saying: “When you’re president, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot.”
It is quite obvious that occupy Oval Office is shockingly unfamiliar with the concept that jobs are downstream from profits, not the other way around. With the exception of the original staff, which is hired to launch a company via startup capital (notice that here too, private capital comes before hiring), businesses only become financially capable of hiring more workers after they have made profits. Being profitable gives them the capital needed to pay for expansion, which then creates the need to hire additional employees. This is especially true of small businesses, most of which are decidedly not over funded with start-up capital.
According to “progressives”, the rich are somehow preventing the middle class from having a fair shot because the rich are depriving the middle class by not paying “their fair share” of taxes. The “progressive” concept of the middle class having a fair shot is stealing money from those who have earned it through initiative, hard work, risk and sacrifice within the free market capitalist system through “progressive” taxation and use that money, acquired through legal extortion, to hire unionized government sector workers. Workers who will not only be paid more than their counterparts who are doing the same job in the private sector, but who will enjoy Cadillac healthcare and pension benefits provided to them by a taxpayer funded job from which, thanks to union demands, being fired will be a virtual impossibility.