As the richest country in the world, it’s no surprise that the United States contains a large number of very wealthy individuals. For most, this is a sign of a successful system; innovators are richly rewarded for their efforts, which in turn encourages even more progress and innovation. To progressive elements of the Democratic Party, though, the fact that there is a large number of wealthy people in the United States is seen as a problem.
In another example of the left’s shift toward socialism, many prominent figures within the Democratic Party have begun vilifying the wealthy. New York Rep. Alexandria Ocasio-Cortez recently made headlines when she suggested that the top tax bracket for the wealthy should be upwards of 70%, and she’s not alone on this policy. She also claimed that a system that allows billionaires is “immoral”.
Vilifying the wealthy is an important step toward improving the favorability of socialist policies. However, vilifying the wealthy is not a recipe for the economic success of a nation. Top earners in the United States contribute more to the economy through both the taxes that they pay and the jobs that they create than any other tax bracket. It’s not like Bill Gates and Tim Cook are making poor people poorer; they are providing products that people desire while creating thousands of jobs and paying an enormous amount of taxes in the process. If we as a nation begin vilifying these people for their wealth rather than aspiring to achieve their level of success, our days as the wealthiest country in the world may be numbered.
To learn more about how and why the left is vilifying the wealthy, be sure to check out the video below.
~ Liberty Video News
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