All of the talk in the media about “the 1%” has provoked me to thought. What is the definition of “rich”? I suppose it depends on who you are…
- If you are poor (which I define as “living from paycheck to paycheck”). the definition of rich is “anyone with more money than me”.
- If you are middle-class, rich is “anyone who can afford to retire”
- If you are rich (which I define as “not having to work, and having the freedom to do what you want), rich is “anyone who can afford to leave”
And that’s where all this “tax-the-rich” thinking all falls down – the rich can afford to move away from taxes. And once they move away, they – and their money, business and investments – will not return.
And if you believe that it is the Government’s job is to hold them down and extract the contents of their pockets to “distribute fairly”, then you are nothing more than a thug; well-meaning, perhaps, but a thug nonetheless.