Many on the far left believe anyone earning $250,000 yearly is “rich.” If you make $250,000 per year or more it doesn't matter if you are “rich,” it is your money either way, regardless of whether you think that level of income makes you middle class or “rich.” It's only those among the far left and the bedwetters among the Republicans that could care less if someone is considered “rich.” This is because they seek public policies designed to punish the successful for being wealthy.
We live in a country where one of the promises of American values is having a society that is largely classless or class-free. It doesn't matter what economic status you're born into, because any American citizen has social mobility and the ability to be succeed despite starting from the most modest of beginnings. Our history includes numerous instances of presidents, business executives and success stories in all professions among those who started in the lowest economic groupings.
In contrast to this is the very class-structured society of India as discussed by Dinesh D'Souza, an American citizen who grew up in India before coming to the United States to attend college at Dartmouth. As D'Souza pointed out in the movie 2016, societies like India that have such a class structure prohibit those who start in lower classes to move up into the highest classes. That is not true in the United States, where any notion of class status would prevent anyone from becoming as successful as they wish.
To properly understand the far left's attack on the successful, we need to understand who the “rich” are that they attack, or in this instance those earning more than $250,000 per year. Think for a minute of the terms “new money” and “old money.” Old money is wealth earned in the past, usually passed on to successive family generations. Typically, “old money” is trust funds inherited by younger generations of past builders of great businesses. Those younger generations quite often spend much of that most donating to far left political causes. Those are not the wealthy that the far left seeks to punish.
Those who strive to earn wealth now, will have their current wealth show up on tax returns as they earn it, and they are the folks being attacked by the far left and targeted by their “tax the rich” schemes. These folks, when they make it, are often referred to as earning the wealth that is called “new money.” These folks who earn more than $250,000 per year are the very people, largely self-made and small business owners, who are making it on their own and helping build the economy and create jobs. These are the very people who, the President talked about last summer and said “if you have a business, you didn't build that.”
The far left is asking the wrong question, the real issue is now how much money one earns but how one earns it, that should be judged if we're going to judge anything about those who are successful. Do they earn that money from having started a business, or having created a product or service that customers demand, or do they use their skills and wisdom to help build and create successful businesses like Mitt Romney did at Bain Capital? Or do they make lots of cash by having a good job that political connections got them, or having inherited a successful business, or any other means? It's ironic, or really it isn't given liberal hypocrisy, that the far left seems to side more with the “old money” of those who inherited their wealth rather than the “new money” of those who really did build it themselves.
It doesn't matter how much money people make. It's how they made it. Those who are productive and create businesses that employ people are what we should support and embrace if we want to build a strong middle class economy again. Attacking the successful and productive is not a way to foster creating jobs. Remember the Michael Jackson song with the lyrics saying, “it doesn't matter if you're black or white.” That is equally true here, it doesn't matter if you're rich or not.
This article is a rebuttal to Brian White's article titled Yes, Virginia, $250,000 IS Rich
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