Tuesday, August 30, 2011

Because the Poor Still aren’t Hiring

Thank God that someone on the continent permanently blighted with envy and class-hatred is saying it.

In Portuguese daily Público professor and political scientist João Carlos Espada criticises the notion of levying an extraordinary tax on the super-rich. “Taxes are not the primary source of improving the living conditions of the majority. The wealth of Europe and the West – which even today is worthy of the admiration of the rest of the world – was not the product of redistribution of wealth from the rich to the poor through taxes. It was the product of the creation of wealth in a climate of economic freedom, generally associated with low taxation, swift justice and, above all, the absence of barriers to the entry of new competitors”.

Espada argues that “the best contribution of the rich to the common good lies in ensuring that goods or services are being produced in a way that is most affordable to the greatest number of people; it consists of guaranteeing that this good or service is not artificially protected from competition and that it is chosen willingly by those who consume it”. Espada believes that this is the factor that was the great “social elevator” in Europe and the West that enabled successive generations of ordinary people to afford goods and products that previous generations never dreamed of having.
As you can expect with apostacy, the article was deleted.

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