Carolina QuotesIn his (Barack Obama's) distorted understanding of economics, when anyone, but especially the rich get a tax break or pay less in taxes, someone else has to pay the difference or the supposed shortfall adds to the debt. His assumption, typical of most Democrats and Republicans, is the government is “owed” a portion of the fruits of our labor. It never occurs to him that perhaps the government has no business taking money from people who earn it in the first place. He never thinks that the solution is to stop government spending and stop robbing Peter to pay Paul.He and other members of the ruling elite can only see the economy as a pie, with only so much to go around. If one person gets “more,” someone has to do with “less.” It never occurs to them that the free market is like a bakery that can produce many pies, and bigger pies, and different kinds of pies so that everyone has their fill.
R. Lee Wrights Carolinian
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- "The State of the Union is Still a State of War"
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“In his (Barack Obama's) distorted understanding of economics…” R. Lee Wrights. Carolina Quotes, record CQ-E06788B265. https://carolinaquotes.com/quote/e06788b265
More from R. Lee Wrights
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