There has been a lot of squawking from the right about Obama attacking the investor class of business; that his plans discourage investing by raising taxes on what the left like to call “The Rich.” It is not these folks that his plans financially demoralize. It is the Creators who his plans stifle. It is the Creators that will pull us out of this recession.
So who are these Creators? They are people like Steve Jobs and Larry Ellison. They are the local retailer. Yes, they could even be your boss. These people create jobs by the sheer force of their entrepreneurial ability. They create thousands of jobs for individuals who have not or cannot create their own opportunities.
Mr. Obama’s plan says to them that they have been too successful at the cost of others. He wants to level the playing field. But he is looking at the situation totally from the wrong point of view. He is, in fact, penalizing these people for their success in creating millions of new jobs – some 40 million over the last 25 years – by encouraging them to sit on the sidelines.
My proposal is to eliminate their tax increases plus give them and the others who are waiting for their opportunity a shove. Let us honor them and lower their taxes so that they can create even more jobs.
Let’s face it; the vast majority of people in our society cannot create a living on their own. They need a Creator to give them an opportunity to provide for themselves. They are dependent upon these Creators. Obama instead wants people dependent upon an amorphous government.
Now before someone jumps off half-cocked, I am not implying we should give the Creators free rein. I am a believer that there is a responsibility level to being a capitalist. Paying employees a fair wage including benefits is the only means to keep the socialist wolf from the door. Capitalists who act irresponsibly harm us all, not just the people directly affected.