FUNDAMENTAL TRUTH #34: “Sure, until you win the lotto you’re all for sticking it to the rich.” -Old Pithy

Posted by PITHOCRATES - October 5th, 2010

Money Envy

Class warfare is a different kind of warfare.  During the English Civil War, the Protestants and the Catholics were trying to kill each other.  They didn’t want to have anything to do with each other.  Protestants didn’t want to be Catholic.  Catholics didn’t want to be Protestant.  But in class warfare, it’s a little different.  The poor want to be rich.

The poor hate the rich because they have it so much better than the poor.  But they don’t hate the idea of being rich per se.  Just who gets to be rich.  Because, given half the chance, they’d choose to be rich if they could.  Why?  Because the rich typically don’t go wanting for food, shelter or clothes.  They also get to have all the neat toys to play with.  And they wear some nice bling.

So the poor don’t really hate the rich.  It’s just money envy.  After a child grows up he or she may notice that they like money.  They see they have no money of their own.  So they want their mother’s or father’s money.  Because there are limits, and sometimes outright rejection, they seek money elsewhere.  As they grow up, they may get a job.  Sell drugs.  Prostitute themselves to conventioneers.  Marry into it.  Steal it.  Become a ward of the state.  Or play the lotto.

Whose Money is it Anyway?

During this phase in their life, politicians, college professors and the media bombard them with messages of income redistribution.  Fair share sacrifice.  Taxes on the rich.   And all around fairness.  It all sounds good.  And right.  Those damn rich people.  How dare they?  Why them?  Why not me? 

Well, some inherited their money.  Like the Kennedys.  Some married into it.  Like John Kerry.  They live like rich royalty from days of old.  When there was a true aristocratic class that could actually own people.  But they are there, fighting for you.  Liberals.  Taking away other people’s money and giving it to the more deserving.  And the poor are all for that.

A luxury tax?  Yeah, stick it to them.  An inheritance tax?  Sounds good to me.  How about taxing their assets?  Their net wealth?  Because some of those rich bastards don’t even work.  They invest their money.  Sure, they pay a confiscatory capital gains tax on their earnings, but their earnings pale in comparison to their overall wealth.  We need to go after that pile of wealth.  Redistribute it.  Along egalitarian principles.  Level the playing field.  Close the gap between the rich and the poor.  The way the liberals look at it, it’s the government’s money anyway.  So the government can spread it around as they damn well please.

Poor/Rich – It’s All Relative

Most of these rich bastards are not Kennedys or John Kerrys, though.  Most are self-made.  Through hard work.  And personal sacrifice.  Most are small business owners.  They borrowed everything they could.  They mortgaged their homes.  They risked their children’s college funds.  And they made something.  A small business.  Created jobs.  They hired people.  Something the Kennedys and the John Kerrys of the world don’t do.

Most of these small business owners are ‘S’ corporations.  They aren’t big corporations with corporate officers.  No finance or a legal department.  They’re just people who work 80+ hours a week.  They may never see a million in annual revenue.  But they’ll probably make more than $250,000.  And, being an ‘S’ corporation, that makes them rich.  Even if they leave the money in their business to grow it.  But the IRS still taxes them like they’re rich fat cats lighting their cigars with $20 bills. 

Yes, they’re small business owners.  But they’re still pretty much middle class people.  Do the poor hate them, too?  Sort of.  Simply because they have more than they do.  And the politicians, college professors and the media point out how wrong that is.

Congratulations.  And Thank You

And then one day you buy a lotto ticket and, overnight, you become rich.  Congratulations.  It’s nice to have another rich person to tax.

Yes, you won the lotto and now you’re rich.  How does that feel?  Are you looking forward to redistributing your winnings?  For egalitarian principles?  Help close that gap between rich and poor?  Or have you become a greedy rich bastard?  Like all those others you used to hate until you became one of them?

Whether you do or not doesn’t matter.  For the IRS will be coming after you.  With their hand out.  For their share, a sizeable chunk of your winnings.  Your windfall will push you into the highest tax brackets.  And, guess what?  If you don’t pay your ‘fair share of taxes’ willingly, they’ll come after you.  Or seize your wealth.  And as sad as that may be, few will pity you.  Just as you did not pity those before you were rich.

Be Careful What You Vote For

Class warfare is good for politics.  Because there are always more poor people than rich.  And poor people are useful to someone running for public office.

But they don’t like you.  They don’t really care about you.  They care about only one thing.  To keep you poor.  For should you win the lotto, the chances of you voting for high taxes and income redistribution are slim to none.  Your egalitarian principles will fly out the window.  Which won’t help them.  So should you become rich, they will vilify you.  Come after you with a vengeance.  To take your wealth.  And return it to the rightful owners.  Themselves.  The government.  So they can use it as they please.  To buy votes.

And how will you feel then?  You might want to think about this ‘what if’.  Because you could win the lotto one day.  Inherit wealth.  Marry into it.  Or even earn it.  I mean, be careful what you vote for while in college.  One day you might make something of that education.  You may very well become rich one day.

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