Keep your eyes open America. It can happen here. A power wielding and hungry White House is preaching to America fiscal responsibility as it did today at Rio Rancho High School in New Mexico. The President blames you Americans for your extravagant ways while spending not only money we, Americans, don’t have, but money the next generation of American won’t have.
Beside printing money to pay the bills, Obama has other irons in the fire, forging a workers’ paradise. Meanwhile, countries living socialism’s dream, England, comes to mind, are mired in mediocrity and living off the glory of the past. The talent of the country is worried and some think of “going Galt.’ According to Michelle Malkin, the talented have problems staying with England’s tax ladened Ship of State. As socialism takes it’s toll across the Pond, taxes bring fresh tears, and sneers, and have the talented crying foul. Malkin quotes the manifesto of renowned composed Andrew Lloyd Webber, who fearing a talent exodus, writes of the punitive taxes.
Here’s the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That’s not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
I write this article because I fear the inevitable exodus of the talent that can dig us out of the hole we find ourselves in. It is inevitable, given that other countries are bidding for entrepreneurs. The Government must modify its proposals.
Will entrepreneurs be there when we want and need them. Don’t count on it. With ground rules being written by government bureaucrats, the inventive and ingenious may look elsewhere to plant their talent
‘Going Galt’ is an alternative option to emigration to lands of lower taxation. Eric Etheridge writes: ‘Going Galt’: Everyone’s Doing It! With Tristero of Hullabaloo’s help, Etheridge explains ‘Going Galt’ in a nutshell:
John Galt is the copper-haired, white-boy protagonist in Ayn Rand’s Atlas Shrugged. Galt leads a revolutionary movement in which all the top leaders of the banks and corporations forsake their corporate jets and perks to work in diners or as subway repair guys. No they weren’t fired by Galt. Rather, Galt urged them to go on strike and withdraw their expertise from an increasingly socialist world. Deprived of the genius of their genius, the world economy collapses.
Who exactly is thinking about Going Galt? Lisa Schifferen at The Corner has the rundown:
The doctors, lawyers, engineers, executives, serious small-business owners, top salespeople, and other professionals and entrepreneurs who make this country run work considerably harder than pretty much anyone else (including most of the chattering class, and all politicians). They are not robber barons, or trust-fund babies, or plutocrats, or even celebrities. They are mostly the meritocrats who worked hard in high school and got into the better colleges and grad schools, where they studied while others partied. They pushed through grueling hours and unpleasant “up or out” policies in their twenties and thirties at top law firms, banks, hospitals, and businesses to earn salaries in the solid six figures (or low seven) today — in their peak earning years. Their work ethic is prodigious, and . . . in their spare time they sit on the boards of most of the complex charities and arts institutions that provide aid and pay for culture in America. No group of people contribute more to their community. And now the president, who followed a path sort of like that, and who claims that his wife’s former six-figure income was a result of precisely such qualifications and efforts, is demonizing them. More problematically, he is penalizing their success and giving them very clear incentives to ratchet back on productivity.
My take: “We the People” aren’t cogs in a machine, even a great machine, that our dear leader can fit to his purposes. We began this experiment of nationhood in revolution due to unresponsive tyranny: “In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury.” Decaration of Independence.
We are America and the America of our Founders is precious to the hearts of the American People, our people. We must seek better options than going Galt or conforming to Obama’s social socialist dream, never forsaking freedom and free enterprise.
Our problems were caused not by free enterprise but by poor governance. We can not expect government to fix us. We must fix ourselves with the help of a good God. Our Founders formed a nation that depends on a morally healthy people. We are a people awaiting our transformation; seeds breaking open, falling into the ground and bringing forth healthy, holy new life. This is the American dream. It is the dream of the broken but more importantly, the gifted, the resourceful, the ingenious and the industrious, empowered by God to be a blessing to our Nation and the world. The is an old saying that says, ‘Without God we can’t do it; but without us, God won’t do!” Together as one People, let’s do it!