Sunday, February 22, 2009

Instapundit asks, JimVAT answers

Glenn Reynolds at Instapundit asks:
"How long can a system that punishes virtue and rewards greed and profligacy flourish?"
It can only last as long as the producers don't revolt and withdraw their creative energy.

Actually, what has happened is the pot has been boiled slowly for a long time, but boiled over as a result of a rapid increase in government spending, a rapid decrease in the percentage of people actually paying taxes and has almost reached the tipping point. This economic crisis and the porkulous spending bill may push the producers over the edge into Atlas Shrugged land. I don't think it will happen because most of America is asleep, but if it does then that is when it ends.

I am waiting, watching and keeping my powder dry. What are you doing?

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