By LARRY ELDER,Investors Business Daily
Watch what he does,not what he says
The topic:“The Future of Capitalism.”To discuss this,Time magazine assembled a “stellar cast.”
One such “honoree”works as a Public Broadcasting Service/National Public Radio host. The tax dollars produced by the capitalism he criticizes help pay his salary. (The irony was apparently lost.)
At least other “business roundtable”panelists — commentator/publisher/author Arianna Huffington and singer John Legend — make their money the old-fashioned way,by enticing consumers to buy what they sell.
“I don’t think that left to its own devices,”the taxpayer-supported broadcaster/pundit said,“capitalism moves along smoothly and everyone gets treated fairly in the process. Capitalism is like a child:If you want the child to grow up free and productive,somebody’s got to look over the shoulder of that child.”Good grief.
Every dollar spent by government is one less dollar spent by taxpayers. Money comes from somewhere — taxes,borrowing (taxes on layaway) or printing,which,if not offset by productivity,causes inflation,a stealth tax on everyone.