Monday, November 23, 2009

Atlas Shrugged is already here!!

In Ayn Rand's novel Atlas Shrugged, the hero cried he would stop the engine of the world. And soon enough, the most talented, most hard working citizens disappeared. The end result was chaos.

Well we are seeing microcosms of that today. In several states, medical specialists have disappeared, moved to another state where opportunities are greater and tort liabilities less. California and New York have seen out migration of the rich and successful to lower tax states. Businesses are moving to the south and west to lower tax states. All these events were preordained in Ayn's book. And more can be expected.

What happens if Barry O's dream of a socialist France across the Atlantic is realized. Will the rich continue to work long hard hours while gathering small percentages for their efforts (remember it is marginal income that motivates . .. when 70-80% of every dollar is going to the government, you have got to be either purely community minded or an idiot to work), will entrepreneurs and VCs risk billions of dollars for new start-ups with the labor dominated , regulation intensive, legalless (now that the government has shown that contracts are only as good as Barry believes they are--GM and Chrysler bond holders showed the way) system being set up, will Mom and Pop start up a small business with their life savings especially when they have no idea of what the future beholds? Of course not. The liberals are in La-La land (where most of them live anyway) to believe people will not change their behavior accordingly. And what will occur? Official unemployment in the teens, unofficial unemployment over 20%, a permanent recession, hyperinflation, and a rapid spiral towards third world ism.

But Barry O and his bunch dont care. They would have achieved what they wanted. An equality based system with the Libs in permanent control. Of course, remember what Socialism is: Everybody will be equally bad off.

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