"I have cut WAY back -- I'm no longer buying retail, driving out of a 10-mile radius, spending money on eating out or putting my money in a savings account. I am using the money to pay off all of our debt. It has made our family closer, more appreciative."
Another blogger wrote: "Last year my family paid nearly $1,000 a month in federal taxes, and we are not by any stretch of the imagination rich. I'm going to make it my business to cut that amount in half, using every legal means possible and reducing my income so there is less to tax."
Enough. Those business owners are not alone. This week, ABC News spotlighted upper-income earners going Galt in response to Obama's proposed tax hikes on families with incomes of $250,000 or more. A Lafayette, La., attorney told the reporter she was cutting back on her business to avoid the tax threshold: "Why kill yourself working if you're going to give it all away to people who aren't working as hard?" Tax hikes have consequences. Incentives matter. Only self-deluded wealth redistributors living in la-la land believe otherwise.
Another business owner, Dr. Sharon Poczatek, explained: "The motivation for a lot of people like me -- dentists, entrepreneurs, lawyers -- is that the more you work the more money you make," said Poczatek. "But if I'm going to be working just to give it back to the government -- it's de-motivating and demoralizing."
The perpetual Borrow-Spend-Panic-Repeat machine in Washington depends on the capitulation of the wealth producers. There's only one monkey wrench that can stop the redistributionist thieves' engine. It's engraved with the word: Enough.
|