For months Senator Harry Reid and his fellow Democrats have been pushing for higher taxes on upper income earners. Congressional Republicans have argued that this is a bad idea, because people with wealth often start their own businesses and hire workers in the process – and government shouldn’t create disincentives for business and job growth.
So, facing a failure of his tax hike proposal, Harry Reid took to the floor of the U.S. Senate and responded to the critics who opposed his scheme, declaring: “Millionaire job creators are like unicorns. They are impossible to find and don't exist."
They don’t exist? Really? Nobody with wealth ever starts a business and hires people to work at it? No, not in the insular political world of the leader of the United States Senate. As far as Mr. Reid was concerned, these "fictitious millionaire job creators" are mostly just "hedge fund managers or wealthy lawyers that don't do much hiring."
If Senate Majority Leader Harry Reid were even remotely in-touch with the nation he is paid to serve, he’d know that wealthy job creators have been trying to get his attention for nearly two years, crying for a reprieve from the oppressive Obama government for which he has been carrying the legislative water. But it’ll be another five years before Harry stands for re-election, so why bother with the realities of public policy? The short-term political gain Harry can reap by publicly demanding more punishment for “rich people” is all that matters right now – or so he likely thinks.
But, as if to produce a “teachable moment” for the bumbling Reid, none other than USA Today stepped-in three days after the Senator’s absurdities and provided a bit of a tutorial. You might say that, despite Harry’s certainty that they “don’t exist,” a writer at USA Today found a few “unicorns.”
In a December 15th article entitled “Economic optimism grows, but risks remain,” USA Today writer Paul Davidson provides examples of how private individuals with wealth are starting businesses, and - shocking- creating jobs! And here’s what else Davidson’s reveals: public policy emanating from Congress and the White House directly impacts business owner’s decisions about whether or not to expand. For Harry and Nancy and Barack it may all be a political game, but they nonetheless wield a lot of power over us and they’re playing with our livelihoods and futures. A quick perusal of Davidson’s article provides a snapshot of how things work in the real world – a world outside of the Obama gamesmanship.
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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