I don’t want to imply that there’s some moral equivalence between Hillary Clinton and Willie Sutton. Perish the thought!
After all, I’m sure Willie Sutton never expected gratitude from his victims.
If I had to summarize my views on fiscal policy in just two sentences, here’s what I would say.
- Government spending undermines growth by diverting labor and capital from more productive uses to less productive uses.
- Tax rates on productive economic behaviors such as work, saving, investment, and entrepreneurship should be as low as possible.
Since innovation, risk-taking, investment, entrepreneurship, and hard work are the keys to long-run growth, it certainly seems that the tax code shouldn’t be punishing those things.
She (Hillary) wants voters to adopt and us-vs-them mentality, so she demonizes successful people and implies that their wealth is somehow illegitimate.
In part, she is perpetuating the traditional leftist myth that the economy is a fixed pie and that the rest of us have less because someone like Bill Gates has more.
Source: Hillary Clinton, Willie Sutton, and Class-Warfare Tax Policy | International Liberty