Posted by:
ificouldhietokolob
(
)
Date: November 26, 2015 03:09PM
There's nothing "wrong" with doing well and profiting from your hard work.
However, the attitude that your success has to come at the expense of somebody else's is problematic. Selfish greed (I got mine, screw you if you didn't) is problematic. And both are short-sighted. Without customers who can afford to buy your products, you can't have a successful business. Without infrastructure (roads, utilities, etc.) you can't receive goods, process them, or get them to customers. Without employees who make a decent wage and want to work hard for you, you can't run anything but a small sole proprietorship.
When you lose sight of "we're all in this together" as above, you're writing your own obituary. It's only a matter of time.
IMHO, THAT is what the current "1%" is doing. They're not producing sustainable growth, they're clear-cutting. They're not contributing, they're raping. It can't last, and they'll have nobody to blame but themselves -- and their greed and selfishness -- when and if it comes crashing down.
Speaking economics (not politics), the high taxes on high income of the past served a useful economic and social purpose: the wealthy could avoid those high taxes by investing in actual productive enterprises, by actually building things that created jobs, and by creating and supporting useful philanthropic enterprises. And so they did. Removing those high taxes on big income turned a page, and encouraged hoarding of wealth, rather than productive use of it. It's good for the greedy and selfish in the short term, it's horrible for the economy and our society in the long run. And mormons more than happily go along with it, driven in great part by the mormon "capitalist, anti-commie" rhetoric and leadership of the 50's through today. Shortsighted, greedy, and selfish.