Bernie Sanders campaign may be in trouble because of the Coronavirus. The socialist’s ideas of taxing billionaires into oblivion are going to be severely challenged if the stock market continues to have the same type of week as it did last week.
Here, according to Bloomberg, are what some of the country’s richest folks lost last week: Jeff Bezos from Amazon watched as $11.9 billion went down the tubes. Microsoft’s Bill Gates said goodbye to $10 billion. Bernard Arnault from Christian Dior lost $9.1 billion. Tesla & SpaceX’s, Elon Musk dropped $9 billion, and Warren Buffet from Berkshire Hathaway and a million other companies lost about $8.8 billion. Notice anybody who’s name did not show up on what I just read? What about Michael Bloomberg? Interesting to note that the list came from Bloomberg News, and yet, the boss’ name was conspicuously absent from the list, even though he was reportedly worth $56 billion going into the week!
The problem with taxing the rich is that something that is so out of control with all of humanity, something like this virus, can cause panic and fear, and throw the whole “stick it to the wealthy” mentality right out the window. And frankly, it should. I’ve never in my life felt that someone that made that kind of money should be punished because they went above and beyond.
Look, people that are worth billions did it on their own. They went out and created something that everyone wanted, and they exploited their creation. What the hell is wrong with that? On the other hand, these liberals want you to believe that everybody should share in their wealth because they transport their goods on roads that taxes paid for…or they are protected by police and fire departments that taxes pay for. And there’s nothing in the world stopping anyone from finding the next BIG thing, and going after it and creating their own billion! While I don’t agree with anything Tom Steyer or Michael Bloomberg say about politics, I certainly don’t chastise them at all for making the money they make. And if someone can convince someone else to pay them millions of dollars a year for acting, or playing a sport, or running a business, God bless ’em. They deserve that money.
Likewise, I’ve never been a fan of the minimum wage. Let me be as polite as I know how to be with this part. If you’re working at a burger joint and you’re 45 years old and have three kids, a wife, a mortgage and a car payment, you’ve made a bad choice somewhere in your life. Frankly, you aren’t guaranteed a “living wage”. You have to go out and make that living wage for yourself. And I can’t tell you what that should be. Some folks feel Michael Bloomberg is making a living wage. For his lifestyle he probably is. Others feel that $15 an hour is a “living wage”. I don’t know how much “living” you can do on $600 a week…but that’s up to the individual.
And why should a government tell you what the minimum you can make is, or what the maximum you can make is? Does that make any sense? It’s like me telling the government what they can and can’t spend my tax dollars on. How do you think that’s going to work?
The rich do indeed get richer in this country. They get richer because they understand what got them rich in the first place, and the poor don’t understand. Lou Holtz, the great football coach once said, that we all make choices in life. And it’s those choices that have brought us to where we are. If you make good choices, good things happen to you. If you screw around in school and don’t learn anything, and can’t do anything but make burgers and fries, you probably aren’t going to be living in a 30,000 square foot mansion. You have made a poor choice. But it IS your choice. You can’t blame someone who’s rich, and you can’t get the choice erased by the government, regardless what Bernie Sanders and Elizabeth Warren want to believe!
Carry on world…you’re dismissed!