TeeJaw Blog

From Harvard Law — Elizabeth Warren

Posted in Culture, Government and Politics by TeeJaw on Friday, September 23, 2011, 8: 37 AM

If the words in the graphic are hard to read, here is what Elizabeth Warren said:

“There is nobody in this country who got rich on his own — nobody! 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 paid for. You 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. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.”

“Now look.  You built a factory and it turned out great — 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.”

There is so much wrong with this one doesn’t know where to start. First of all, the factory owner is included in the group she calls “the rest of us”; Second, 47% of “the rest of us” pay no taxes and so didn’t pay for any of the stuff she’s talking about; Third, roads, education, police and fire just about runs the gamut of the things government legitimately does and if it stuck to those things taxes could be cut by about 90% and we’d still have all those things; Fourth, just because the government pays for the roads we use and provides fire and police protection doesn’t mean the government owns all of our property. Fifth, what does Elizabeth Warren mean no “marauding bands?” The government has lots of “marauding bands” called SWAT teams that raid homes and businesses often by mistake or for little cause. We all pay for those marauding bands and the victims of their thuggery pay dearly; Sixth, Elizabeth Warren’s hypothetical rich guy must be in the top 5% of income earners in the country.  We have all seen the statistics put out by the Internal Revenue Service that this group uses their 5% of total income to pay 70% of total tax collections.  Just what more do you want from them Elizabeth Warren?  Instead of berating them, abusing them, shouldn’t you be grateful to them?  Shouldn’t you be thanking them for bearing such a heavy tax burden?

This can go on quite a while. Can you think of more things that are wrong with Elizabeth Warren’s brain? Should be easy.

Lets cut to the bottom line. The deeply wrongheadedness of Warren’s silly statement is that “the rest of us” will have no money and will not be buying or paying for anything, not even our own groceries, if first there is not a job and a paycheck for us, maybe in a factory or in some other type of business, to provide us with an income that the government can tax to pay for roads and bridges and education and fireman and police officers.

For any factory or business to exist someone had to first take a risk with their own capital. The hypothetical factory owner Elizabeth Warren talks about with derision bordering on sheer hatred first had to have some capital that either he or his ancestors worked hard to get, then he has to put “a big hunk” of it at the risk of losing it all. Since most new businesses fail most times Elizabeth’s Warren’s rich factory owner doesn’t get rich at all.  Does she think “the rest of us” should help him cover the losses?  No, I doubt it.

In Elizabeth Warren’s world nobody gets rich on their own, but they sure do get poor on their own.

Believe it or not, this idiot is a Harvard Law Professor. She’s a candidate to oppose Scott Brown for Senate in November, 2012.  No wonder William F. Buckley, Jr. said he’d rather be governed by a hundred names chosen at random from the Boston phone book than by the faculty of Harvard Law School.

Elizabeth Warren would probably like to be rich. But since she’s not, she deeply resents anyone else getting rich [She’s not exactly broke on a Harvard salary of approximately $400,000. She also made $192,000 for part time work on a TARP panel, which was originally disclosed as only $64,000 but recently revised.  Hey Elizabeth, how about paying “a hunk” of that “forward.”  After all, “the rest of us” paid the taxes that funded your TARP boondoggle]. Thankfully, most Americans see it differently. Most Americans see others getting rich and are glad for it because that means America is, or used to be,  a country where ordinary people can get rich.  If others can do it, so can we. That is, unless Elizabeth Warren and her ilk ever get the power to impose their Marxist ideology on “the rest of us.”  It would be nice if everyone were rich, but that’s never been possible anywhere at anytime.  It’s better that some are rich than that none are rich. Elizabeth Warren’s ideology would assure the latter.

Elizabeth Warren’s sort of non-thinking threatens the pursuit of happiness of every American who takes her seriously.  The freedoms enshrined in our Declaration of Independence are what  people mean when they talk of American Exceptionalism.  We must remember that nothing will destroy a person’s happiness quicker and more thoroughly than envy of others. No one can pursue envy and happiness together.  The pursuit of envy cancels out all possibility of happiness.  For that reason, I doubt Elizabeth Warren is happy.  No one can be that resentful of others and still be happy.  Those who like her message and are inclined to follow it, beware.  Misery awaits.

It appears she got her law degree the same year I got mine, 1976.  I didn’t become a Harvard Law Professor, but I think I put my legal education to better use than she put hers.  I put mine to use helping people like her fictional factory owner get rich (and create jobs for “the rest of us’).

They still did it on their own, however. I was just a hired servant.

Here is the full idiotic video of Warren’s rant:

A little advice to Elizabeth Warren from Confucius:  “Before you embark on a journey of revenge, dig two graves.”

UPDATE:  Glenn Reynolds suggests this book as remedial reading for Elizabeth Warren: 

Elizabeth, you can click the image to go to the Amazon page and buy this book. Or anyone else can.  It’s only 3.99 and it’s available in Kindle edition.


5 Responses

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  1. One Hand Clapping said, on Sunday, September 25, 2011, 2: 19 PM at 2:19 PM

    Ken, for some atta-a-girl support for Elizabeth Warren, read the Opinion page of this wkd’s JH Daily – that is, if your stomach can handle it. Somehow Paul Krugman and Elizabeth Warren fail to mention some of the “socially desirable” ways that the wealthy might reduce their tax burden: conservation easements, charitable donations, etc.

  2. TeeJaw said, on Sunday, September 25, 2011, 5: 36 PM at 5:36 PM

    This table compiled from IRS data refutes the latest Krugman Krapola.

  3. One Hand Clapping said, on Monday, September 26, 2011, 4: 56 PM at 4:56 PM

    50% of Americans pay about 97% of the taxes. If this is “not fair,” when does it qualify as “fair” – when 50% of Americans pay 100% of the taxes?

    • TeeJaw said, on Tuesday, September 27, 2011, 9: 54 AM at 9:54 AM

      It’s not fair by my standard of fairness that at least 47% of Americans pay no income taxes at all and vote themselves largesse from the other 53%. But what is “fair” or “unfair” has become too subjective a standard and is used by too many people to make an emotional appeal to anything they don’t like and want to change. As a result the claim that something is “unfair” sounds too much like whining, more appropriate to 4-year olds than adult free citizens.

      The tax base should be broadened and the rates lowered to give that 47% a stake in the outcome. The size of government and the liberty of its citizens have an inverse proportional relationship. As the percentage of takers goes up and the percentage of makers and payers goes down the runaway growth of government and loss of liberty for all becomes impossible to manage. That’s not a fairness argument, it is a good policy argument that having one group pulling the wagon while another group gets a free ride leads to cynicism, resentment, despair and finally, all citizens becoming mere subjects.

      Sooner of later those picking up the tab will realize their only hope of holding onto some small part of their property and some semblance of their dignity will be to find ways to go John Galt. The dependent class will be no better off either. They will have been reduced to adult versions of Oliver Twist begging for “more” in their gruel bowl. Cries of “fairness” will have been drowned out by cries of agony in a dark new world. The winds that blow then will be “fair” to all in its ruinous sweep.

  4. Wednesday 9.28 Show Notes « The Brazen 3 said, on Thursday, September 29, 2011, 3: 20 PM at 3:20 PM

    […] From Harvard Law — Elizabeth Warren […]

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