The millionaires and billionaires are being targeted for what event organizers called a “willingness to hoard wealth at the expense of the 99%.”
TAL Commentary: The occupiers — paid to protest capitalism (think about that) — have it all wrong, which you would expect from people who don’t understand that capitalism is the source of every good or service they use.
The problem isn’t that millionaires and billionaires “hoard wealth.” Capital never remains inactive, and when rich people spend their money on “sinful pleasures” like yachts, $1000 meals, and fancy houses, all that does is “spread the wealth” according to market principles. This is what Joe the Plumber tried to explain to Obama, but Ailes had already poisoned that well.
No, the problem with the Wall Street Rich is that they get rich by using the power of the government to fleece taxpayers. Of course, since the occupiers misidentified the problem, their solution — redistributing rich people’s money — won’t solve anything. It won’t get to the root of the problem, which is why billionaires like Mayor Bloomberg are perfectly happy to let the occupiers continue to occupy.
The few who do identify the right problem still have the wrong solution. The Big Finance bailouts of the insurers, traders, and bankers, were simply a giant wealth transfer from the poor to the rich, but the solution is not higher taxes on the rich. The solution is to deplete government power to transfer wealth in the first place. THAT would be a real threat to the merchant-statists, and unless the Tea Party understands the real threat to their liberty — and pocketbook — electing Tea Party candidates won’t change anything either.
Manny Edwards, The Freedom Expert