

Business
Can You Increase Prosperity By Taxing Success?
“You can’t increase prosperity by taxing success.”
~ Calvin Coolidge
One of the mantras of Democrats is to make the wealthy pay their fair share. You heard it often on the campaign trail from the plethora of Democrat candidates who ran for president. So it should come as no surprise that one of the most vocal proponents of soaking the rich, Sen. Elizabeth Warren (D-MA), has offered up legislation for a wealth tax.
The bill, called the Ultra-Millionaire Tax Act, would apply an annual 2% tax on individuals with net worths between $50 million and $1 billion. Individuals worth over $1 billion would pay an annual 3% tax. Senator Warren claims it will generate $3 trillion in revenue over 10 years and that money would be invested in programs such as child care, education, and infrastructure.
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On the surface, this may sound like a good idea to the common citizen working a 9 to 5 job. Why not soak the rich and make them pay their fair share? One must ask a counterquestion. What do you consider a fair share?
The top 25% of taxpayers pay 86 percent of total income taxes. The top 10% of taxpayers pay 70 percent. The top 5% pay 59 percent. The top 1% of taxpayers pay 38.5 percent of total income taxes. In contrast, the bottom 50% of taxpayers pay only 3.1 percent of total income taxes. It is a myth that wealthier individuals aren’t paying a fair share.
The next question is how do you enforce this wealth tax? It’s an administrative nightmare. In Warren’s proposed legislation, she allocates an additional $100 billion into the IRS for enforcement and mandates a 30 percent annual audit rate for the agency. That would mean hiring more IRS agents and a third of American households would be audited every year.
On top of that, do you really think wealthy people like Bill Gates, Mark Zuckerberg, Jeff Bezos, and Warren Buffett will actually pay that wealth tax? They may be big liberals but also realize they have some high-quality accountants to help avoid paying any more in taxes than necessary. They will find loopholes and off-shore accounts to shelter their wealth.
You may wonder why does this even concern me? Do you think politicians like Elizabeth Warren will stop at those with wealth of $50 million or more? You can already picture a scenario where the revenue this wealth tax brings in will be far less than they anticipate. Thus, they will have to expand the tax to anyone who has wealth of $20 million or more. Then to $10 million or more. Then to $1 million or more. It’s yet another slippery slope to an ever expanding tax.
“Well first of all, tell me: Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course, none of us are greedy, it’s only the other fellow who’s greedy. The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty you’re talking about, the only cases in recorded history, are where they have had capitalism and largely free trade. If you want to know where the masses are worse off, worst off, it’s exactly in the kinds of societies that depart from that. So that the record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.”
~ Milton Friedman
If Elizabeth Warren and her comrades were truly interested in leveling the playing field and making a difference in the lives of people across America they would advocate for limited government and focus on a more robust free-enterprise system. The reality is that’s not what they are seeking.
This legislation is more about pandering to the Democrat base and low-information voters in a continuing concertive effort at fostering class warfare and animosity. By creating division through class and racial strife the Democrats see their path to decades of power. This is all about redistribution of wealth.
You can’t expect to build up the weak by pulling down the strong. The entrepreneurs and visionaries create jobs. As businesses grow and expand they create further job opportunities and opportunities for ancillary businesses.
Warren’s legislation is an impractical and arbitrary scheme of leveling. It’s despotic and completely antithetical to our Constitution. In a sane Congress this legislation would find its way into the trash can. Given the current political situation in Washington that seems unlikely. Democrats are pushing forward on every one of their Marxist policies and insanity runs amok.
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Business
Dinesh D’Souza Launching Conservative Business Network to Defund the Left
Why give your money to people who hate you? That’s like tipping your executioner.
Are you a conservative business person? Then check out the Red Referral Network and partner with Dinesh D’Souza by clicking the banner below:
For years, conservative icon Dinesh D’Souza has told his followers that we need to create “parallel economies” and stop funding the left. It’s true, right? Why give your money to people who hate you? That’s like tipping your executioner.
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It is easy to boycott large companies like Nike, Target and Anhauser-Busch, but what about all of the small businesses and companies who take the profits you give them and fund leftist politicians? Think about it, you spend $30,000 on a new roof and your liberal roofer donates $3000 to leftists politicians and they stand in the public square and call you a racist, homophobic, sexist, transphobic insurrectionist! That make NO sense at all.
That’s about to end once and for all. It is time to cut off ALL leftwing businesses from our money. Introducing the Red Referral Network (RRN).
Dinesh has partnered with Motivational Speaker’s Hall of Fame Member Chris Widener to launch an exclusive business network for conservatives in business. There are three primary reasons to join the RRN:
1. Refer business and be referred business by fellow local conservatives. Don’t refer to lefties anymore – refer to those who share your values and beliefs.
2. Get weekly support and encouragement from other conservatives.
3. Get exclusive content each and every week from Dinesh D’Sousa made just for RRN members.
Registration is free and you can find out more about the Red Referral Network by clicking here.
Top Ten Reasons to Join a Networking Group:
Are you a conservative business person? Then check out the Red Referral Network and partner with Dinesh D’Souza by clicking the banner below:
Participating in a business referral network can offer numerous benefits for business professionals. Here are ten reasons why joining such a network can be advantageous:
Lead Generation: Business referral networks provide a structured environment for exchanging leads and referrals. Members can refer potential clients and customers to one another, fostering new business opportunities.
Increased Visibility: Being part of a referral network enhances your visibility within the local business community. As you actively engage and contribute, your business becomes more recognizable, leading to increased brand awareness.
Building Relationships: Networking is all about building relationships. Joining a referral network allows you to connect with like-minded professionals, fostering relationships that can lead to long-term business partnerships and collaborations.
Trust and Credibility: Referrals from trusted sources carry a higher level of credibility. Being a part of a referral network implies a level of trust among members, making the referrals more reliable and effective.
Diverse Skill Sets: Business referral networks often comprise professionals from various industries and backgrounds. This diversity can be advantageous, as it provides access to a wide range of skills, expertise, and perspectives that can benefit your business.
Professional Development: Engaging with other professionals in a referral network provides opportunities for continuous learning and professional development. You can gain insights into industry trends, best practices, and new technologies.
Resource Sharing: Members of a referral network can share resources, such as tools, software, or even office space. This can lead to cost savings and operational efficiencies for all involved.
Positive Influence: Surrounding yourself with motivated and successful individuals can have a positive impact on your own mindset and business strategies. A referral network can serve as a source of inspiration and motivation.
Feedback and Advice: Business referral networks offer a supportive environment where members can seek feedback and advice from experienced professionals. This can be invaluable for overcoming challenges and making informed business decisions.
Community Involvement: Many referral networks are actively involved in community events and charitable activities. Joining such a network allows you to contribute to the community while also enhancing your business’s social responsibility image.
Remember, the success of a business referral network depends on active participation and genuine efforts to contribute to the network. Building relationships and providing value to others are key principles for maximizing the benefits of such networks.
Are you a conservative business person? Then check out the Red Referral Network and partner with Dinesh D’Souza by clicking the banner below:
The world of business is a dynamic and complex arena where success depends on a combination of factors, including strategy, innovation, hard work, and adaptability. While various ideologies shape the landscape of entrepreneurship, conservative capitalists often stand out as exceptionally proficient in the business world. This article explores why conservative capitalists are often more successful in business and highlights the key principles and practices that contribute to their achievements.
I. Strong Embrace of Free Market Principles
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Adam Smith’s “invisible hand” concept: Conservative capitalists firmly believe in the power of a free-market economy, as espoused by the renowned economist Adam Smith. They understand that when individuals are allowed to pursue their self-interest, the overall economy benefits. This principle guides their business decisions, allowing them to capitalize on market forces and competition.
Efficient resource allocation: Conservative capitalists prioritize efficiency in resource allocation, seeking to maximize their assets and investments. This approach enables them to minimize waste, reduce costs, and enhance their competitiveness.
II. Emphasis on Personal Responsibility
Accountability: One of the hallmarks of conservative capitalists is their unwavering commitment to personal responsibility. They believe that individuals, not the government, are responsible for their own success and failures. This mindset encourages prudent decision-making and risk management in business endeavors.
Risk-taking with caution: Conservative capitalists are not averse to taking risks, but they do so cautiously. They thoroughly analyze potential opportunities and pitfalls, ensuring that each risk is calculated and based on sound judgment. This approach minimizes reckless decisions and increases the likelihood of positive outcomes.
III. Limited Government Intervention
Minimal regulatory burden: Conservative capitalists favor minimal government intervention in business affairs. They argue that excessive regulations can stifle innovation and economic growth. By advocating for less government involvement, they create an environment where businesses can thrive and prosper.
Lower taxes: Reduced taxation is a key principle for conservative capitalists. Lower taxes leave more capital in the hands of businesses, enabling them to invest in growth, create jobs, and contribute to economic prosperity.
IV. A Long-term Perspective
Sustainability and stability: Conservative capitalists take a long-term view of their businesses. They prioritize sustainability and stability over short-term gains. This approach allows them to weather economic downturns and build enduring enterprises.
Legacy building: Many conservative capitalists view their businesses as a legacy to be passed down to future generations. This motivates them to make prudent decisions that ensure the longevity and success of their enterprises.
V. Embrace of Traditional Values
Ethical leadership: Conservative capitalists often adhere to strong ethical values in their business practices. This commitment to ethical leadership fosters trust among customers, employees, and partners, which is essential for long-term success.
Respect for traditional institutions: Traditional values, such as family, community, and faith, are highly regarded by conservative capitalists. These values often drive their business decisions, emphasizing the importance of personal relationships and community involvement.
VI. Adaptability and Innovation
Embracing change selectively: While conservative capitalists maintain traditional values, they are not resistant to change. They recognize the importance of adapting to evolving market conditions and technological advancements while staying true to their core principles.
Pragmatic innovation: Innovation is a cornerstone of business success, and conservative capitalists understand this. They invest in research and development and embrace technological advancements when they align with their business goals.
VII. Focus on Frugality
Efficient spending: Conservative capitalists are known for their frugality and conservative financial management. They scrutinize expenses, avoid unnecessary overhead, and prioritize cost-cutting measures, which ultimately leads to higher profitability.
Debt aversion: They tend to be cautious about accumulating debt, preferring to build their businesses on a solid financial foundation. This strategy reduces financial risk and ensures the sustainability of their enterprises.
Conclusion
Conservative capitalists have a strong track record of excelling in the business world due to their adherence to key principles and practices that promote success. Their commitment to free market principles, personal responsibility, limited government intervention, long-term planning, and ethical values sets them apart as formidable entrepreneurs. While every ideology has its merits and drawbacks, the conservative capitalist approach to business has consistently proven effective in achieving profitability, stability, and sustainability.
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