The Occupy Wall Street Protesters don’t want Fairness, They want Privilege

Posted by PITHOCRATES - October 9th, 2011

People who hate Capitalism hate America

Those on the Left keep trying to paint these Wall Street protesters as the Left’s version of the Tea Party.  Only better because they are standing up to corporate greed.  But when you step back and look at the broader picture you see some interesting things.  For one, our enemies abroad hate the Tea Party.  And love these Wall Street protestors (see Iran calls Wall Street protests ‘American Spring’ posted 10/9/2011 on The Associated Press).

An Iranian military commander said Sunday that the protests spreading from New York’s Wall Street to other U.S. cities are the beginning of an “American Spring,” likening them to the uprisings that toppled Arab autocrats in the Middle East.

Gen. Masoud Jazayeri of Iran’s Revolutionary Guard said the protests against corporate greed and the gap between rich and poor are a revolution in the making that will topple what he called the Western capitalist system.

So the Occupy Wall Street people have the support of Nancy Pelosi, Hugo Chavez and this guy.  This Iranian general.  Who hates America.  And would love nothing better than to see its collapse.  There’s a lesson here.  People who hate capitalism hate America.

What strange bedfellows.  Pelosi.  Chavez.  And this Iranian general.

Class Warfare Works because Gullible People are Fed with Misinformation to Produce a Withering, Festering Hate

But they don’t see that.  These Occupy Wall Street people.  All they keep hearing is how the rich are screwing them.  And business owners are getting rich by underpaying them.  Because many of them think gross sales are also net profits.  They’re not.  And have no idea of what it costs to run a business (see Small Business, Occupy Wall Street Is Aimed at You! by T. Scott Gross posted 10/9/2011 on Forbes).

Small business owners, this protest is about money—yours. And if you want to bring a semblance of sanity to the discussion, you had better start showing the money…

So I say you had better show them the money. Gather your employees. Take a handful of coins that add up to a dollar. Swipe away your cost of goods. Take out payroll and then payroll taxes. Follow with utilities, cost of capital, training, advertising, maintenance, insurance, and the rest until you have accounted for all the overhead, leaving those few lonesome pennies of profit that you have risked everything to make.

Been there.  Done that.  The problem is they won’t believe you.  Because they’ve been so brainwashed to believe you are lying when it comes to the money.  Say all you want but someone is telling them, “Sure, they say that, but look at the car your boss drives.  The house your boss lives in.  Are they better than yours?  You bet they are.  And you know why?  Because they’re screwing you.  That’s why.”

This is why class warfare works so well.  You have people who don’t know any better.  Being fed with misinformation to produce a withering, festering hate.  Which is how people like Nancy Pelosi, Hugo Chavez and this Iranian general rise to power.  By exploiting the gullible masses.

The Obama Administration wants us to Hate People Making $250,000 or More

This kind of hate makes it easy to tax the rich.  Which is a very popular sentiment these days.  Because everyone hates the rich.  Especially those who don’t make the rich cut (see Democrats aim to tax the rich — but who are they? by Kathleen Hennessey posted 10/8/2011 on the Los Angeles Times).

President Obama and Democrats in Congress have aligned on a populist, “tax the rich” strategy for the 2012 campaign. Now they have to figure out exactly who that is…

Obama and his fellow Democrats for years have described the wealthy as couples making more than $250,000 and individuals making more than $200,000 — 3% of U.S. households. By shifting away from that number in hopes of benefiting from the sound-bite punch of a millionaires tax, the administration may find it difficult to return to casting the broader net…

Obama’s threshold was based on broad principles, including the desire to leave the middle class untouched by higher taxes while collecting “enough” tax revenue, Bernstein said, although even he quibbles with the president’s cutoff and suggests that a broader tax increase may be needed in the future.

Going in the other direction — aiming for incomes of $1-million-plus — would yield far too little revenue to fund “a recognizable government,” Bernstein said. While the Democrats’ surtax proposal may make sense to pay for a jobs bill, “it’s actually quite important that $1 million does not become the new $250,000 when it comes to the permanent tax base,” he added.

Well, that complicates things.  Who’s rich?  People earning $1 million or more?  Or people making more $250,000 or more?  Who exactly are we to hate?

The Obama administration wants us to hate people making $250,000 or more.  Because there are a lot more of them than millionaires.  So that’s a lot more money they can spend.  But it’s also a lot of people to piss off by raising their taxes.  And with an election year coming up that’s the last thing those up for reelection in Congress want to do.

But if they only settle for $1 million now will that mean it will be harder to hate those making between $250,000 and $1 million later?  Oh me oh my.  Just who to hate?  As you can see this is quite the quandary for the hate monger.

Stimulus is Temporary whereas Tax Cuts and Deregulation are Forever

But there is a bigger issue at play.  You see, the problem with hating those earning between $250,000 and $1 million is that this income range includes our small business owners.  The job creators.  Who tend to not create jobs when things bother them.  Such as people waving their pitchforks at them crying, “Tax!  Tax!  Tax!” (see Poor Sales by Russ Roberts posted 10/9/2011 on Cafe Hayek).

Finally, I would note that while the survey that Invictus cites does indeed list “Poor Sales” as the single most important problem (25% in the September survey (scroll down to “Single Most Important Problem), taxes are listed as the single most important problem by 18% and government regulations and red tape is listed by 19%. So the two combine to 37%. They also happen to be two factors that government can actually control.

The Keynesians look at this and say we need more stimulus.   But if they’re saying this after that $800 billion stimulus in 2009 you can have but one conclusion.  Stimulus doesn’t work.  A big reason for this is that stimulus is temporary.  Like pain.  Whereas tax cuts and deregulation are like pride.  They’re forever.

Sales are complicated.  A lot of things influence people before they depart with their hard-earned money.  And there’s not a lot government can do about that.  But there’s a lot they can do about taxes and regulations.  And they do.  Unfortunately, they always choose to do the wrong thing.

The Occupy Wall Street People are Angry at Capitalism because they weren’t Born into Privilege

There are a few kinds of people in the world.  The informed.  Such as Tea Party People.  Who cite law and tradition in at their Tea Party events.  And the uninformed.  Such as the Occupy Wall Street People.  Who are an angry mob.  Angry at capitalism because they weren’t born into privilege.

And then you have people who love America.  And those who hate America.  Such as Iran.  And Hugo Chavez in Venezuela.  Enemies of freedom.  And democracy.  Who have come out to support the Wall Street protestors.  There’s another lesson here.   Actually, it’s the same lesson as before.  People who hate capitalism hate America.

Here’s a solution to solve their unhappiness.  Let’s ask these protesters which country is better than America.  Whatever nation that is we’ll generously pay for their one way airfare there.  Problem solved.  Everyone happy.

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