I've mentioned more than once that Atlas is shrugging. What this essentially means is that the producers in society are scaling back on their production purposely. People are scaling back their income in order to avoid paying higher taxes. They are at the same time avoiding spending to offset the difference. This is how producers nearly always respond to looters that come in and make productivity less worthwhile, either due to increased regulation or lower economic incentive. It's a very predictable phenomena. Usually it's not an organized response, just a natural response to circumstances.This time it does not appear to be quite so natural.
Dr Helen Smith, a forensic psychologist dubbed this as Going John Galt on her blog back in October.
Obama talks about taking from those who are productive and redistributing to those who are not -- or who are not as successful. If success and productivity is to be punished, why bother? Perhaps it is time for those of us who make the money and pay the taxes to take it easy, live on less and let the looters of the world find their own way.
This is what "Going Galt means.
The phrase is catching on. Michelle Malkin and others have begun using it and people are beginning to rally around the idea of going Galt. It is becoming an organized legal revolt against the looters.
I don't think the looters in Washington get it.
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1 comment:
You are right. The people in Washington just don't get it. They are still in the dreamworld where the world is de facto full of plenty. People forget that someone has to work very, very hard to create all that wealth. What people don't seem to understand is that when you take steps to redistribute that hard earned wealth, the level of wealth declines.
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