Saturday, October 31, 2009

Envy, demagogy, Obamacare and the destruction of wealth

The tax surcharges crafted in the latest version of the Obamacare bill will hit hardest those considered wealthy.

Punishing wealth is a seasoned tool of demagogic reform. Envy always finds a constituency that enables irresponsible political leaders – such as those that are conspiring to confiscate American health care and more – to tax their way to their misdeeds.

Envy is the demagogic motor that drives redistributive “social justice" as Anthony de Jasay demonstrated in "The State". Envy fuels destruction. Wealth, however can unfortunately only be confiscated once. Once it has been taken away by government and wasted by its bureaucracies it cannot be confiscated again. The same could also be said of health! Though in this case the elderly and the destitute will be hit before the young and rich.

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