The Economy Part II

I just read a good article by Matt Mayer about the economy. It's a bit windy and long, but there are some great points in there about the "taxing the rich" mentality, about how taxing one economic class (the rich) excessively while doling out money to another class (non-taxpayers) creates a divided non-productive nation, and the consequences of all that. Here is a sampling:

"[As Scottish Philosopher Alexander] Tytler studied the lifecycles of civilizations and found that they last for roughly 200 years. These civilizations followed a similar pattern. Tytler categorized the pattern as such: from bondage to spiritual faith; from spiritual faith to great courage; from courage to liberty; from liberty to abundance; from abundance to complacency; from complacency to apathy; from apathy to dependence; from dependence back into bondage."

In conclusion Mayer says: "The American economy is in a very rough patch. The last thing it needs is a president who thinks that the road to prosperity is paved by punishing producers, increasing dependency, over-regulating, and driving up labor costs."