Going John Galt: Stop–UPDATED

Here is what business people do, or rather don’t do, when the government goes too far with taxation: they stop.

Screw the government, small business owners say, if I make the same amount of money whether I grow or not, why grow? Why, indeed. And worse, as the letter to the editor writer in the LA Times quoted by Michelle Malkin says:

I have no incentive to hire people or expand my business, because the more I make, the more President Obama will take to expand government. This discourages expansion of the private sector. It will backfire with disastrous consequences for all.

It is repulsive that Obama is being allowed to take this country backward by pickpocketing the very people who run the private sector through their energy, money and creativity.

Kay Santos
Diamond Bar

A good chunk of the slow down right now is that businesses are frozen–and not in the credit way. Those who don’t need credit (can still get it) are sitting out of the game. And the country is going down the tubes and President Obama is “dismissive”:

So how many people are going to make $250,000 now that President Obama has made that the cut-off? Yeah, that many. Like, none. It will be a function of two things: purposefully not making that much money and the government killing so much value that a person can’t make that much money if he wants to make that much money.

Here’s what people will do. They’ll stop:

By going John Galt – reducing my income to the point that I no longer subsidize anyone else via government imposed wealth transfers – I hope to hasten the inevitable collapse. The H.E.N.R.Y.s feel the same way; people who are in the dreaded eeevil, mean capitalist pig $250,000 bracket are cutting back on their productivity. As they should – where does society get the right to enslave these people? The faster the 40% opts out, the sooner the collapse, and the sooner we can correct the situation.
Think of it as praying the alcoholic in your family will hit rock bottom sooner, rather than later. It’s time to stop enabling the entitlement mentality. It’s time to let go of our co-dependency and desire to be liked. It’s time for an intervention. It’s time to go John Galt.

Meanwhile, President Obama puts in place a stupid, demeaning distraction by going after Rush Limbaugh. Ed Morrissey says, “If the first six weeks of the Barack Obama administration can be summed up in one sentence, it would be this: Obama fiddled with Rush Limbaugh while Wall Street burned.”

A friend called today and said that he had a discussion with a guy who couldn’t understand why his realtor wife was upset,”The home deduction change will only affect rich people.”

Enough people feel that way, have so absorbed and taken in the class hatred put forth by President Obama that they will be surprised when they themselves drown when they go down with the ship. Of course, those who are irresponsible and bought on credit have little, they wrongly believe, to lose. It’s only those who actually bought into the “ownership society”, those who invested, saved, bought a house, paid off their cars and lived within their means who have something to lose.

The rest of the citizenry feels entitled to living rich and have done so. Since the easy money parade seems to be over, they’d like to bring everyone down with them.

At least we’ll all be equally dead. Reminds me of the lady on Oprah who said, “I liked you better when you were fat. It made me feel better about myself.” This disgusting impulse reigns and President Obama has encouraged it.

Before I finish this, I’d like to address motive. Is President in over his head or mendaciously driving the country to failure so he can be free to rebuild a Utopia in his image? President Obama’s amateurish foreign policy would seem to indicate the former, but I think it’s both.

President Obama is the ultimate theorist and professor. He’s going to “teach” the silly students the way things ought to be and if they have to learn tough lessons, so be it. He seems utterly unconcerned about real-world results.

Well, it’s not all helplessness and doom. The people are beginning to revolt. And maybe Newt is right. Maybe Obama presents an opportunity to “define the arguments”. My fear is that conservative principles will win the argument, but the war will already be lost.

P.S. And the war lost will be helped by guys like this.

UPDATED:

As Troglopundit points out, producers aren’t going off-grid and escaping the system in strict Ayn Rand fashion. :

Same thing here. Potential Galtians are go-getters, entrepreneurs. They’re the kind of people who make things happen. They’re not going to risk losing whatever ground they could have once the recession is over; once President Obama is former President Obama.

No: they’re out buying as much stock as possible. Because things are at bargain levels right now.

Just wanted to point that out. When we say “going John Galt,” we’re really talking about something less severe than Rand-style “going John Galt.”

Well, we still have to eat. And food-stamps are embarrassing.

Posted in America • Corrupted Culture • Political Animals • Show Me The Money
Tags: Culture • Economy • Obama