Tuesday, December 28, 2010

Reason for Optimism

by John Russell Turner

I'VE BEEN OPTIMISTIC. I've been telling people that the economy will improve after the usual post Holiday slump. The reason I am so is because the tax cuts were extended. Now people know. The uncertainty is gone-they know that their tax rates will remain the same as it was since the Bush administration enacted a reduction in taxes a few years ago. Prior to the extension of the tax cuts, there was a lot of uncertainty about just how much money people would have after the government took it's "share". Couple that with the remarkably anti-capitalist/pro-socialist sentiment coming from the White House and Capitol Hill, and most people were afraid to spend their money. No one knew how things would go-so they played it safe. Now, however, people are far more likely to spend and invest their cash-the essential factor in an economic recovery.

Let us make it easy for people to participate in the capitalist system by removing the barriers to their entry. High taxes and burdensome regulation is the single most difficult barrier most people face. If there is going to be a "war on poverty", then it must be fought to win, and to win quickly-and the only way this can be is if people are free to earn the most effective cure to poverty there is: cash.

I don't believe there should be a debate about this anymore. Socialists cannot be taken seriously in the realm of ideas, for any number of reasons. We have debated for decades now. We have seen the results of socialism in action. We know that the ideologies upon which socialism is based has ruined the societies upon which it was imposed. In fact, it could be logically deduced that this ideology-basically, that it is moral to take the property of another by force and give it to someone else who needs it-has caused more death and pain than any other cause, including disease. All of what I write here has been shown to be true over and over again. There is no legitimate doubt anymore, we all know it: socialism is a failure, capitalism is a success. Should you have doubts, imagine if you will a North Korean mission successfully landing on the moon. Imagine a Saudi Arabian discovery of a cancer cure. Or any totalitarian government doing anything but ruling. Capitalism makes it possible for individuals to realize their utmost potential, for individuals to dream and then make those dreams a reality.

Sure, money isn't everything.
Yes, but it will cure poverty.
And as a tool, it enables people to thrive.

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