These workers were somewhat like small businessmen, crafting various goods or providing services that required a certain degree of skill in towns and cities. Before economies became industrialized during the 18th and 19th centuries, this model of labor was true for a certain class of working individuals, called artisans. This is what I have previously called lemonade-stand capitalism. This is a very libertarian way of thinking - looking at every working person as a small businessperson selling whatever good they produce with the sweat of their brow. Paul seems to assume that everyone is “selling things” rather than selling (renting) their labor to capitalists or the state. Is a CEO or a politician's job harder than, say, a coal miner or fisherman's - which, by the way, are considered by many to be the “hardest” jobs in America. Paul's notion that income inequality is because of “some people working harder” is wonderfully dumb, and it causes me to wonder what Sen. So, obviously, people who pay more in taxes will get more back.”Īt a time when the top 1 percent's share of income has just about tripled over the past four decades, and is now at similar heights as just before the Great Depression in 1928, it is interesting to hear a presidential candidate shrug it off as if it were a minor issue. If people voluntarily buy more of your stuff, you'll have more money.It's a fallacious notion to say, 'Oh, rich people get more money back in a tax cut,’ if you cut taxes 10 percent, 10 percent of a million is more than 10 percent of a thousand dollars. “The thing is, income inequality is due to some people working harder and selling more things. When asked about whether his flat tax plan, which would make all incomes over $50,000 taxable by an equal 14.5 percent, would increase income inequality, which is already at record highs, he responded: Rand Paul provided us with some of his famous libertarian insight the other day.
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