Since Obama has decreed that “when you spread the wealth around, it’s good for everybody,” why not drop the incremental approach and cut to the chase? We could pool all the wealth in the world, divide it by the number of humans, and everybody gets that amount of money — no more, no less. Fairness at last.
Assuming liberal ideology could be taken to this logical conclusion without civilization completely collapsing, within a few years, we would once again find ourselves divided between the rich and the poor. For example, here’s what happened after our dysfunctional jackpot justice legal system gave a pair of looters $20,000,000:
A Missouri couple has filed for bankruptcy just eight years after winning a $20 million lawsuit against the makers of a butter popcorn flavoring that gave one of them lung disease.
Eric Peoples of Carthage and his wife, Cassandra, sued International Flavors and Fragrances Inc. and Bush Boake Allen Inc. in 2004 after Mr Peoples developed bronchiolitis obliterans while working at a popcorn plant in Jasper.
But just eight years later, the two are being forced to sell the home they built for $3.9 million to pay off creditors, after their financial situation went spectacularly downhill.
Wealth is like water. No matter how you pump or drain it, in the end it will return to its natural level. The industrious will have it, the irresponsible will not.
I wonder how many jobs were lost at International Flavors and Fragrances in the aftermath of the $20 million hit.
On a tip from AC.