...and read this carefully. Every time we "soak the rich" and encourage present consumption over capital investment, we impoverish ourselves more quickly than we think.
Or, put differently, if we take $500 million away from Bill Gates or Steve Jobs (and thus Microsoft or Apple) and let President Blagojevich give it to Solyndra or other money pits, do we really think we're doing ourselves any good? The reality here is that Gates and other wealthy men are more careful with their own billions than any bureaucrat will be with the public's trillions.
The Two-Income Trap - The Two-Income Trap: Why Middle-Class Mothers & Fathers are Going Broke, by Elizabeth Waren and Amelia Warren Tyagi. Published in 2003. Hardcover, 272 page...
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