There’s been a bit of a stir about the Elizabeth Warren remarks. I’m not particularly excited, because of course you stand on the shoulders of others; we all do, rich or poor. I don’t think that means that there is a moral obligation to pay whatever “we” think is necessary to establish the society “we” would like (esp. when “we” is not us). And there are some distinct problems in the statement made. “But part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.” The “social contract” we’ve actually made is to fleece the next kid to come along, to the tune of $1.6 trillion this year alone. And shaking down the rich man (who can at least vote against it, for all the good that would do) will only reduce the fleecing; it won’t stop it.
And this is poignant:
You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.
Tell that to Henry Juszkiewicz. Who can’t pay what it would take to face certain death protecting his factory from “marauding bands.”