So does OWS just mean the advocacy of redistribution of income?
The "We are the 99%" signs at every Occupy rally make it clear the
protesters believe greater income equality—not more free enterprise—is
what America needs.
Or is this just campaign rhetoric? Or is the attempt to transform
America into a socialist state?
Sowell writes that this is a misleading movement, motivated by a
desire for socialism.
Most agree to a meritocracy in simple questions
regarding preference in defining compensation, but the rejection of
our system is not about that. It is a desire to control.
Video on the anti-corporation and general frustration: the confusion
and antagonism is clear in this piece. The key element of this
and other discussions is the desire for a strong association between
corporations and evil, and the further association to the 1%.
Politics today, as pitched from people of this mindset, is most often
about creating associations whether they are logical or correct or not.
AEI on the Occupy movement and how to respond:
Link
The most important area of disagreement concerns what our country
needs today. The "We are the 99%" signs at every Occupy rally make it
clear the protesters believe greater income equality—not more free
enterprise—is what America needs. Unsurprisingly, the White House has
found this class-struggle leitmotif quite handy to divert attention from
its economic record. Last month White House spokesman Josh Earnest
assured the public that the "interests of 99% of Americans are well
represented" by Mr. Obama. This came after the president's well-worn
attacks on "millionaires and billionaires," who, as we have heard many
times, are not paying their "fair share."
Free-enterprise advocates should view this as a rare opportunity to
expose mistaken and misleading arguments about income inequality.
The dreaded top 1% earns about 20% of income today, we hear. Yes, and they
also pay 37% of the federal income taxes, according to the Tax Foundation.
Further, as my colleague Jim Pethokoukis has shown, wealth
inequality is roughly unchanged from 20 years ago—and from 40, 60 and 80
years ago too, for that matter. According to the Congressional Budget
Office, every income quintile has seen a real increase in purchasing
power of at least 18% over the past 30 years.
In 2006, the World Values Survey asked a large sample of Americans
to, "Imagine two secretaries, of the same age, doing practically the
same job. One finds out that the other earns considerably more than she
does. The better paid secretary, however, is quicker, more efficient and
more reliable at her job." When asked if it was fair that one secretary
be paid more than the other, 88.6% of respondents answered that it was
fair indeed.
According to the meritocratic definition of fairness, we have been
getting less fair as a nation with every new redistributive policy and
regulation that unnecessarily hinders entrepreneurship.
Greater fairness means rewarding hard work and innovation—not handing out stimulus cash
to politically well-connected corporations and campaign donors.
It means
lowering disincentives to invest, not trying to squeeze more money out
of private entrepreneurs while protecting public-sector unions.
Penalizing earned success destroys jobs and lowers growth, which
especially hurts the economically vulnerable.
A Professor puts it into perspective in this video:
Moreover:
Thomas Sowell (born June 30, 1930) is an American economist, social
theorist, political philosopher, and author. A National Humanities
Medal winner, he advocates laissez-faire economics and writes from a
libertarian perspective. He is currently a Rose and Milton
Friedman Senior Fellow on Public Policy at the Hoover Institution at
Stanford University .
Sowell was born in North Carolina , but grew up in Harlem , New
York. He dropped out of high school, and served in the United
States Marine Corps during the Korean War. He had received a
bachelor's degree from Harvard University in 1958 and a master's degree
from Columbia University in 1959. In 1968, he earned his doctorate
degree in economics from the University of Chicago .
Dr. Sowell has served on the faculties of several universities,
including Cornell and University of California , Los Angeles , and
worked for "think> tanks" such as the Urban Institute. Since 1980
he has worked at the Hoover Institution. He is the author of more
than 30 books by Dr. Sowell.
He writes:
The current Occupy Wall Street movement is the best illustration to
date of what President Barack Obama's America looks like. It
is an America where the lawless, unaccomplished, ignorant and
incompetent rule. It is an America where those who have sacrificed
nothing pillage and destroy the lives of those who have sacrificed
greatly .
It is an America where history is rewritten to honor dictators,
murderers and thieves. It is an America where violence,
racism, hatred, class warfare and murder are all promoted as
acceptable means of overturning the American civil society.
It is an America where humans have been degraded to the level of
animals: defecating in public, having sex in public, devoid of basic
hygiene. It is an America where the basic tenets of a civil
society, including faith, family, a free press and individual rights,
have been rejected. It is an America where our founding documents
have been shredded and, with them, every person's guaranteed
liberties
It is an America where, ultimately, great suffering will come to
the American people, but the rulers like Obama, Michelle Obama, Harry
Reid, Nancy Pelosi, Barney Frank, Chris Dodd, Joe Biden, Jesse Jackson,
Louis Farrakhan, liberal college professors, union bosses and other
loyal liberal/Communist Party members will live in opulent splendor
It is the America that Obama and the Democratic Party have created
with the willing assistance of the American media, Hollywood , unions,
universities, the Communist Party of America, the Black Panthers and
numerous anti-American foreign entities.
Barack Obama has brought more destruction upon this country in four
years than any other event in the history of our nation, but it is
just the beginning of what he and his comrades are capable of
The Occupy Wall Street movement is just another step in their plan
for the annihilation of America.
"Socialism, in general, has a record of failure so blatant that
only an intellectual could ignore or evade it."
Thomas Sowell
Sowell: "Socialism, in general, has a record of failure so blatant that
only an intellectual could ignore or evade it."