Right. Wouldn’t want people getting too rich. I mean, what is this? A free country?
My problem is: Who gets to decide enough is enough? Which angels in government get to say when we’ve made too much money? And what set of criteria do they use?
Now, granted, Obama was addressing Wall Street. But aren’t Wall Street executives free citizens as well? Is stock in their companies not held by millions of Americans? Many of them living on this proverbial “Main Street” Democrats have been so hot to pander to of late?
Of course, the reason why Obama feels the way he feels is because he’s basing his opinions on a faulty economic premise. He seems to think that wealth in America is a zero sum game. That there’s only so much wealth to be had, and when one person makes a lot of money that’s less money for everyone else to make.
That’s false. Wealth is not static. Wealth is created. And one reason why America is the economic powerhouse it is today is because we, as a nation, have always been free to be as rich as we can be.
On a related note, Obama says “at some point you’ve made enough money.” I wonder if he’s willing to apply that standard to government. After all, if wealth truly is a zero sum game as he clearly believes then the more government takes from us the less there is for the rest of us, no?