ParrishMiller.com
So-called economist Paul Krugman’s latest screed expresses his fury that the GOP’s proposed tax plan would include “a tax break for people whose income comes from owning a business rather than in the form of wages.” He characterizes this policy as proof that “Republicans despise the working class.” Perhaps Krugman ought to revisit Econ 101 …
Contrary to the claims of many progressives and socialists, wealth is not created primarily through labor; rather it is created through taking risks and having a willingness to delay gratification. Yes, labor can create some wealth by converting and combining lesser valued goods into more valued goods, but most labor is simply traded—it doesn’t actually …