It's funny how Republicans blather Foster-Wallace-ly for pages on end, only to find they have very little substance behind what they're yakking about. That whole romanticized screed about the noteworthy hard work and long hours of the rich does absolutely NOTHING to answer the underlying problems unequal societies (particularly ones that have very little in the way of truly enforced progressive tax structures) cause to the short term and long term economy.
First of all, NO millionaire or billionaire in this country is entirely
self-made. Flat/fair-taxers like Boortz don't seem to get that if you use a disproportionate amount of resources to run your businesses compared to individuals, you should by rights, pay your fair share in taxes. Since these people think the rich obtained their wealth fairly, through one hundred percent hard work, no outside help from any government entity and no good luck, the rich therefore should get a break on taxes, or to the extreme, not pay them at all. After all, if you give them more, think of how many jobs they can create as a result of it! As the article proves, that premise is flawed 8 ways till Sunday. Tax cuts on the rich did NOT lead to
job growth, as all of Bewsh's economic team incorrectly theorized. It was a legalized pillaging and the "fight them over THAR" voters fell for it. Twice.
Also, what communities are they "creating jobs" in? Certainly not ours as of late.
Job creation in any sector has been downright lousy these past 10 years. And for all of this talk about how we should laud and heap praise on them for what they've done to the American landscape, what good has really been accomplished the last 30 years from their "efforts"?
Real wages have either been in flatline or decline on and off since 1979. Wages have NOT kept up with the cost of living, which is why we have the consumer debt problems and negative savings rate that we do in the modern era. All the while, wealth has disproportionately increased for the upper 5%, anywhere from 29 to 500%, depending on where one falls.
Let's not forget that business practices and standards as of late haven't exactly been on the level and without problem, and it's not just a few "bad apples", it's plenty. The very real and disgusting routines of
job offshoring and degree devaluation have gone a long way in turning the American economy on its back. Not only that, but the whole "benevolent rich don't exploit, they distribute good will in a voluntary process" theory is a high mound of manure. The American workplace has become a miserable place to work as of late,
especially if you're in the service/retail sector. We still don't have mandated vacations or maternity leave and one of the worst social safety nets for the unemployed in the industrial world. Nor do we have subsidized college educations, which cuts the legs off of many as far as individual career progress goes.
Boortz should really spare us all the agonizing "hard work" mantra;
it discounts the efforts of thousands upon thousands of well-meaning individuals who worked just as hard, if not harder, than those who somehow made it to the top of the pile. It just makes you ill reading such garbage when in reality, this land really does not offer the golden opportunities that didn't take a pile of cash to start off with as it did in years past. Almost any entrepreneur is going to be undercut and at a massive cost disadvantage by the purchasing power giant warehouse chains have.
Individual effort only goes so far; the reality is that luck and connections DO play a more-than-minimized role as far as how big one makes it in the business world. This country is slowly turning into a land of
diminishing opportunities for most, thanks to the fact that we don't subsidize health care and education and are pricing the middle/working/poor classes out of both.