The “do-as-I-say-not-as-I-do” approach of Clinton and Edwards, wherein they criticize the existence of an American wealthy class while at the same time surrounding themselves with wealth‘s comforts, is a travesty.
But most problematic about Clinton, Edwards, and Obama, is their apparent disregard for the ways in which wealth is created, and their hostility for those who engage in that enterprise.
Their proposals seem to bare no resemblance to very basic economic principles, and the thoughts of, oh, say, Adam Smith.
Often regarded as an economist and the “father of capitalism,” Smith was a moral philosopher from the Seventeen-hundreds who surmised that governments become oppressive when they control a nation’s wealth, and that governments are far less effective in managing wealth than are individual persons.
And how about recent history as our teacher? In Hillary’s lifetime alone the world has seen the painful, brutal collapse of multiple “we’re in this together” societies, including East Germany and the entire Soviet Union, and the slow, excruciating implosions of oppressive North Korea and Cuba.
No serious recent contender for the American presidency has proposed an American government devoid of any social safety net, nor has any candidate suggested that some Americans should necessarily do without adequate food, housing and healthcare.
Yet the Democratic front-runners can’t think beyond the centuries-old idea of economic re-distribution - - a process of government taking things away from those who seem to “have,” and giving things away to those who seem to “have not” - - an idea that has itself produced devastating consequences.
Their repeated promises to punish rich folks (and, yes, taking away an individual’s money is “punishment”) might make for strategic politicking during a Democratic primary season, but it is most certainly NOT good for the country and its future. When government focuses primarily on “the good of all” rather than on safe-guarding the liberties of the individual, we all become cogs in the big government wheel - - and in that scenario, everyone suffers, especially the poorest among us.
Ultimately, Clinton, Obama and Edwards fail to acknowledge that their utopian visions are wholesale reliant on the hard work, creativity, risk-taking, and wealth creation of America’s entrepreneurs.
Oh, and, by the way…some of those people just happen to be wealthy.
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.
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