Thursday, March 14, 2019

Jealousy


Just about all the Democrat candidates for president in 2020 have a common theme to their candidacy ... socialism to various degrees ... driven by an attempt to tap into a national jealousy ... through the use of a wealth tax ... or piggy-backing on a desire for social justice ... or playing the green-eyed monster. Whatever you call it, there is a lietmotif ... “billionaires are evil” (“except when they donate to my campaign.”)

It might be unfair that CEOs make more the 500 times their lowest paid employee. But, you know what, capitalist free markets do involve short-term dislocations ... and using some equally greedy bureaucrat to remedy fairness is a stupid solution. Are you listening Bernie? The invisible hand of capitalism does have a way of remedying things in the longer run, Right Jeff Inmelt? Politicians worship at the altar of lucre as much as, if not more than, the worst high-tech CEO ... and allowing pols to try to fix things is throwing more sand in the gears.

Social change through politics should be based on more noble emotions than jealousy and greed.

1 comment:

ChillFin said...

The 2020 budget proposes cuts to Environmental Protection Agency, State and USAID, Transportation,
Housing and Urban Development, Agriculture, Interior,
Health and Human Services, Education, Energy, Labor, Justice, NASA, and Treasury. The dimensions of a balanced, strong society.

The only proposed increases are Defense, Commerce, Homeland Security, and Veterans Affairs. The realm of scared, neurotic, militant businesspeople.

So when do the "short-term dislocations" end?