War on Wealth

Red China is still officially a Communist country, yet her leadership really tries to foster economic growth by keeping taxes relatively low. Ads have been published in the US for years with tag lines like "secrets the rich don't want you to know". These advertisements were clearly aimed to appeal to idiots. Very few wealthy people hoarded their treasure like the cartoon character Scrooge McDuck. Successful people in general act as wealth creators for others. When a person enjoys greater success, he or she tends to purchase a better vehicle, helping a local automobile dealer, make home improvements, aiding local contractors, purchase more merchandise, boosting local stores, overall spreading the wealth. The leader of the United States believes that rich people amass wealth only for their own benefit and intends to get even with the many successful people who are not his cronies and major contributors. Barack Hussein Obama is not the only world leader who has an ax to grind against his nation's achievers. Francois Hollande, the President of France, is similarly obsessed with punishing French entrepreneurs. It is ironic that those trying to grow businesses in Shanghai pay lower taxes than their counterparts in Paris or Manhattan.