She Makes a Good Point

I’ve liked Elizabeth Warren since I saw her in a documentary about the credit card industry.  She makes a lot of sense a lot of the time.  If you watch this short clip I think you’ll find what she says to make a lot of sense, but if you’re like me you’ll recognize that in the end she leaves one large question unanswered: “How big a chunk should the successful factory owner pay forward?”  Watch the video and you’ll know what I’m referring to.

Like I said I don’t think anyone, well at least anyone who’s semi-adult and reasonable, will dispute that the successful factory owner didn’t get that way on his own and benefited from the many resources provided by our society and that the factory owner needs to “pay it forward.” I do think, however, that many semi-adult and reasonable people can and will disagree quite vehemently as to HOW MUCH the factory owner should pay forward.

1 thought on “She Makes a Good Point

  1. Bo Houff

    Jon, you ask exactly the right question, and one that it is very difficult to get an answer to from those who say “tax the rich” (of which I am not one, as you know). Ms. Warren also glosses over the fact that the resources provided by our society are available to all, but very few are either talented, driven or otherwise willing to do what it takes to become a factory owner. These successful people become so at great personal risk of their time, family lives, assets and even their health. They hire those of the rest of us who are unwilling or unable to make the kind of commitment that is required. These folks pay more in taxes both as a dollar amount and as a percentage of what they earn. In addition, they make it possible for their employees to earn a living and themselves pay taxes.
    This is something we should encourage, not grouse about. That which we tax, we discourage. That which we subsidize, we encourage. What do we tax and what do we subsidize in this country….


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