The government’s goal is to “narrow the growing gap between the rich and the poor” by way of confiscating “more of the profits” of companies in order “to pay for ambitious welfare programs,” the Wall Street Journal recently reported.
The government would take particular aim at corporations, warning they would have to “shoulder some of the extra cost” to “boost the safety net,” stated the news report.
An official statement from the government delivered the marching orders and the rationale for greater economic leveling and higher levels of central planning: “Narrowing the income gap is essential for ensuring social justice and social harmony. We need to raise income levels of the poor and adjust taxes on the excessively wealthy.”
This official linking of “justice” to “harmony” by the government gave legitimacy to the old “No justice, no peace” slogan that’s been chanted ad infinitum by the more militant segments of the anti-capitalist community.
The targeting of the “excessively wealthy” as the reason for poverty is an enduring falsehood among levelers and redistributionists, the result of a fixed pie perspective in which the poor can only obtain a bigger slice of the pie by reducing the size of the slice being received by the rich. It’s an economic untruth rooted in resentment and kept alive by a lack of knowledge about how the world works.
Click here to read the entire article.