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Tuesday, March 17, 2009
David Limbaugh :: Townhall.com Columnist
Calling on Democratic Capitalists
by David Limbaugh
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Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


When Obama says that "there is something wrong when we allow the playing field to be tilted so far in the favor of so few … and (that) it is our duty to change it," he is not just saying that higher-income earners don't pay their fair share of taxes (which is absurd on its face). He is saying that they make too much money -- as if that is any of his or government's business.

While liberals deny this, all income groups did better under the Reagan tax cuts, from the lowest 20 percent to the highest 20 percent, precisely because marginal rate cuts provided an incentive for production by enhancing the connection between efforts and rewards. People work harder when they're allowed to keep greater portions of the fruits of their labor. Production increases across the board, as does prosperity, thus the term "trickle down."

Conversely, when you separate efforts from rewards, you get less production and less prosperity. True, the higher-income earners earn and keep less, but that does not do middle- or lower-income earners any good.

When the coercive power of government is used to equalize incomes, it guarantees less prosperity across the board and spreads the misery, which is one of the many reasons Marxism and socialism have failed everywhere they've been tried.

President Obama manifestly believes that government has the right, nay, the duty to take "from each according to his abilities" and distribute to each "according to his needs," or at least the needs as defined by the omniscient, omnibenevolent government. Whether you call that Marxism or euphemize it as "managed capitalism," it is a formula for ending America's unique prosperity and liberty, as there exists an inextricable connection between economic liberty and political liberty.

Never in our history have we been headed at such breakneck speed toward our own financial, political and cultural destruction. One can only pray that before it's too late, enough Democrats will come to their senses and help get this freight train under control.

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About The Author
David Limbaugh, brother of radio talk-show host Rush Limbaugh, is an expert in law and politics and author of Bankrupt: The Intellectual and Moral Bankruptcy of Today's Democratic Party.
 
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Folks/Lolo1/ USTraitor56
"Date: Mar 17, 2009 - 10:32 PM EST
USPatriot56
Before you go putting your full name here be aware Hal did it years ago, before TH ever took off, in an effort to bolster his street cred."

LOL Did I? I didn't feel I needed any cred and since I blog on Huffington I was not afraid of raising the failed Bush Regime ire I did that already. If you are going to step into the ring and claim you are fighting the powers that be you should be willing to state your name and stand up. I may have missed it but I think the "patriot" character failed to respond?

MyOpine
"Date: Mar 17, 2009 - 11:06 PM EST
HalD, You think Rush is stupid?..."

Not at all he is a bright entertainer but he is uneducated and ignorant. Why did you say that I thought he was stupid?

"...No one expects you Communists to like Rush Limbaugh.
We do expect an ego maniac like you to be insanely jealous though!"

LMAO I listen to limbawl at least three times a week I love laughing at him. Jealous? No way, if I were him I would have to creep up to the mirror to shave in the morning - no thanks

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