Atlas Shrugged Redux
by Mike on Apr.20, 2009, under Political
I started reading Ayn Rand’s magnum opus Atlas Shrugged a couple of weeks ago and after a weekend of heavy reading, I am now about 80% thru this 1160 page tome. I was inspired to read this book after seeing where the Obama administration was headed with spreading the wealth, taxing the “rich”, etc.
I am amazed at how prescient Ms. Rand was 52 years ago when this book was first published. Her concept of society’s producers going on strike has come true in NY, where at least one of the “rich” (Rush Limbaugh) has very vocally voted no to higher taxes with his feet and left the state. How many more will it take before the definition of rich is significantly reduced or the rich are so overtaxed they all leave?
The whole “Tax the Rich” and unlimited entitlements to the poor is sounding eerily similar to “From each according to his ability, to each according to his need.”
I just don’t understand how anyone can think that raising taxes on the folks who are the engine behind our economy is not going to damage the economy and cause people’s behaviors to change. Even mellow (very) funny man Dennis Miller says 50% is the limit at which time he will scale back his work ouput. The WSJ ran an interesting column – The 2% Illusion, which calculated that even if all the folks making over $75K per year are taxed 100%, that will barely cover the enormous budgets put forth by President Obama.
This just leads me to wonder – Who is John Galt?
March 27th, 2011 on 6:35 pm
[…] I read Atlas Shrugged a couple of years ago and was amazed at how prescient Ms. Rand was 52 years ago when this book was first published. Needless to day, I will be at the theater to see this film and will probably offer to pay for all my kids to see it as well. I am stoked! […]