Churchill on the Buffett Rule
27th April 2012
Read it.
Churchill appreciated, as modern ‘progressives’ and their catamites do not, that rich people and their organizations are the ones that drive prosperity for everybody. Whacking them is like killing the goose that lays the golden eggs — a greedy and shortsighted strategy.
This money-gathering, credit-producing animal can not only walk—he can run. And when frightened he can fly. If his wings are clipped, he can dive or crawl. When in the end he is hunted down, what is left but a very ordinary individual apologizing volubly for his mistakes, and particularly for not having been able to get away?
But meanwhile great constructions have crumbled to the ground. Confidence is shaken and enterprise chilled, and the unemployed queue up at the soup kitchen or march out upon the public works with ever-growing expense to the taxpayer and nothing more appetizing to take home to their families than the leg or the wing of what was once a millionaire. One quite sees that people who have got interested in this fight will not accept such arguments against their sport. What they will have to accept is the consequences of ignoring such arguments. It is indispensible to the wealth of nations and to the wage and life standards of labour, that capital and credit should be honoured and cherished partners in the economic system.