Picking the Bones

A friend of Noisy Dove had a good story to tell this week.  Enjoy..

I was talking with my employer this week about his feelings as one of the top 1% of Americans who would be surtaxed to pay for Obamacare. He began by saying he was fortunate enough that he could afford it, meaning in the grand scheme of his finances the surtax wouldn’t be a big deal to him.

He went on to state, however, what he didn’t like was some politician giving that money to some guy who didn’t care enough to work for it. He suggested a better use of that money would be to let him and others like him invest it in the economy – everyone in the 1% has to invest a certain amount in the American economy each year or have that amount surtaxed.

He then called George W. Bush a moderate. Helping me back up from off the floor, he explained that Bush’s bailouts for the auto and bank industries were bad moves for American innovation. Like all creatures, companies and their business models must die. The current auto and bank companies had their chance and after making trillions upon trillions of dollars, they finally blew it. They needed to be allowed to die so that new companies with new people and new business models could prosper. It’s the way of life; one thing must die so that another may live.

While the old dogs are suffocating beneath their debt, those newcomers could gain significant ground to take the field. Those newcomers are young bucks like us scraping to touch the American dream. Letting the old dogs live isn’t helping to spread the wealth. Letting them die so we can pick their bones does, though.

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