Understanding the Liberal Economic Model
When it comes to economics, liberals consistently remind us that we need a “safety net” to keep people on their toes in bad economic times. While I agree that a safety net is preferred to nothing at all, I believe the safety net should come from private organizations or individuals, NOT from a tyrannous government. Unfortunately, liberals believe government needs to be running everything and coming to everyone’s aid, even though America is the most generous nation in the world. In recent months, I’ve come to the conclusion this safety net mindset has gone a bit too far with modern day liberals in charge. Why do I think that? Because of their out-of-date, “utopian” economic model:
Tax the rich + subsidize the poor = equal middle class for all (i.e. equal mediocrity in tyranny)
Conservatives and libertarians know economics doesn’t work that way. To understand how economics works is to understand how personal incentive and the will to meet your own needs moves the hidden hand of the economy. Where there is less incentive, there is less growth. Where there is more taken from you, there is less incentive to be productive. On the other hand, the liberal mindset is exactly what Karl Marx came up with in 1875:
From each according to their ability, to each according to their needs.
Is it really any surprise that Communists love this Obama guy?