Liberals like Elizabeth Warren and Barack Obama want to punish wealthy people for making too much money.
How dare they turn a profit and keep the proceeds for themselves!?!
It was because of their hard work and calculated risk that they were able to build a fortune.
America was founded on the principle of property rights. The government can’t confiscate an American’s fortune without providing just compensation (Eminent Domain)
Americans are entitled by natural right to the fruits of their own labor.
However, many liberals don’t believe that. They reject the American founding as a general rule, especially when it comes to the wealth of the richest Americans.
Exhibit A: Barack Obama
In 2012, President Obama made an infamous statement claiming that rich business owners “didn’t build that.”
Obama famously said, “If you’ve got a business, you didn’t build that. Somebody else made that happen…
You built a factory out there—good for you! But I want to be clear. You moved your goods to market on the roads the rest of us pay for. Your hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for.
Now look, you built a factory, and it turned into something terrific, or a great idea—God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”
The social contract refers to citizens agreeing to give power to the government with the expectation that they will protect their lives and property; the social contract does not include government FORCING them to make payments to others.
Obama showed disdain for those who have worked hard to make a fortune and continued to do so during his time in office.
It is ironic coming from a man who never developed a single product or service but has become rich anyway.
Barack Obama just bought a $15 million house in Martha’s Vineyard and has garnered a fortune of tens of millions of dollars—a fortune that wouldn’t have been possible if Obama hadn’t been president.
It’s like the pot calling the kettle black…only the pot didn’t earn his money in the private sector.
Exhibit B: Elizabeth Warren
Not to be outdone, Senator Elizabeth Warren echoed similar sentiments in a campaign speech two weeks ago.
In fact, it appears that Warren gave the “you didn’t build that” speech before Obama. In her 2011 Senate campaign, Warren gave a similar speech to Obama’s.
Then, two weeks ago, she doubled down on her earlier speech.
Warren told a crowd, “I guarantee, you didn’t build a fortune in America without using workers that all of us helped pay to educate.
You built a fortune in America getting goods to market on roads and bridges that all of us helped pay to build.
You are protected by police and firefighters—all of us paid their salaries.”
She is right that taxpayer-funded infrastructure helped make it possible for business owners to make money. However, that doesn’t mean that the government should tax the hell out of them and confiscate a disproportionate amount of their income.
Liberals like to call wealthy people greedy, but THEY are the greedy ones.
In fact, they are worse than greedy fat-cats because they sit back and do nothing and then want to confiscate the wealth of those who earned a high income.
That is the moral of the story of “Robin of Hood.”
Liberals always misrepresent the message of that story. They claim that Robin Hood was stealing from the wealthy and giving back to the poor, but that wasn’t what happened.
Robin Hood was taking from the tax collectors to give to the less fortunate because the tax collectors were the greedy ones in the story.
Elizabeth Warren and Barack Obama like to claim that they’re modern-day Robin Hoods, but they play the role of the greedy tax collectors in real life.
Unlike wealthy entrepreneurs, Warren and Obama “didn’t build that.”