On Wednesday, House Speaker Nancy Pelosi (D-CA) announced that she has created a new congressional committee, inspired by President Franklin D. Roosevelt (FDR), that is designed “to study and combat the concentration of wealth in America and its role in triggering economic collapse.”
FDR had wage and price controls among many other disastrous policies that most economists today agree extended the Great Depression by up to 8 years. He jailed business owners who charged customers less than what the government priced their goods and services. Do you really want to go back to that? Do you want the government dictating how low a cost for something can be? What the hell does the government know about it? Most people in government have never owned a business, have never had to meet a payroll. What gives them the right to tell people how to live their lives?
In other words, the Democrats are finally going to do it. They are going to create a wealth tax that will start a new set of class warfare programs that will target anyone who earns a living and makes more than anyone else. Yeah, that’s all of you. This will not only cause rifts among our society, but it will empower the Marxists to go after money you have already earned and paid taxes on and tax it again to pay for their own leftist pet projects. This would be the beginning of the end of the middle class, because the government would take enough from working families to render them in borderline poverty.
“As House Speaker, I am proud to announce the creation of the new, bipartisan Select Committee on Economic Disparity and Fairness in Growth, which will be an essential force in Congressional Democrats’ action to combat the crisis of income and wealth disparity in America,” Pelosi said.
There is no crisis of income and wealth disparity in America. It’s a lie. The Left will show you charts and reports and other nonsense on income inequality, but what they’re showing you isn’t inequality in the way they’re pushing it. They want you to believe that that income inequality comes by someone scheming people out of money, or stealing it from them in ways that seem legal. That’s pretty much the message here.
Think about it this way. If a society consists of just 10 people and all 10 people are given $100, you have income equality, right? But what if one of those 10 people thinks that he can write a book that the other nine people in society would love to read, and he charges $5 for the book? (For the purpose of this exercise we won’t get into the costs of producing the book.) Then all nine people purchased his book for $5. They all got a book that they really thought was worth $5 of their money to own and to read, and he got their $5 for each book sold. Suddenly nine of the ten people have $95, while the book writer has $145. Now there is income inequality, right? But you have to ask the question, did the book writer get that extra wealth illegally? Not at all. He created a product that he thought other people might want to buy and he made a profit from it. Nancy Pelosi would tell you that the book writer did something nefarious to make that extra $45. She would use flowery language to convince you that the book writer should be punished, because he somehow stole that $5 from the people who bought his book, and that it is the government’s job to go steal it back for them. This is the asinine logic of a progressive.
“It is molded after the mission of the Temporary National Economic Committee, founded by President Roosevelt and the Congress after the Great Depression to study and combat the concentration of wealth in America and its role in triggering economic collapse,” she said.
There is no problem in America today with a concentration of wealth, and wealth will certainly not trigger economic collapse. what will trigger economic collapse is constant government tinkering in the economy. Democrats were very quick blame 2008 crash on “predatory lenders” in the housing market, but the truth of it is the 08 crash happened because of a thirty-year scam run in the housing market by the Democratic Party.
The only way that the private sector can truly thrive is if the government gets the hell out of the way. President Ronald Reagan once said that when you get the government off the peoples backs ordinary people can do extraordinary things.
“As President Roosevelt said before founding this Committee, ‘The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself… the liberty of a democracy is not safe if its business system does not provide employment and produce and distribute goods in such a way as to sustain an acceptable standard of living,’” she said.
This is the height of hypocrisy coming from Pelosi, because it is the Democratic Party that caused businesses to not be able to provide employment and caused businesses to not be able to produce and/or distribute goods in to be able to sustain an acceptable standard of living. And they are still doing it by keeping small businesses locked down in Democrat-run states and cities.
Don’t forget, folks, that the Democrats are the people who allowed riots and looting to destroy small businesses in Democrat-run states across the country for months. Regardless of the asinine reasoning, this was a catastrophe for business owners, their employees, and the very working class people who depended on those businesses to live their daily lives.
Think about the sheer gall of this woman. Her party has bankrupted thousands of small businesses across the country by spreading fear of a virus that in the end has a 99 percent survival rate. The Democratic Party put millions of people out of work and here is Pelosi talking about income disparity. I think we should have a law that says that members of Congress get their salary based on the median income of American middle class workers. We do that and you would see all these stupid policies that we’re talking about right here thrown out in a dumpster.
“The past several decades have shown with devastating clarity the marked imbalance between the financial fortunes of CEOs and workers,” Pelosi said.
This is pure Marxist rhetoric. How come the Speaker doesn’t talk about the financial fortunes of she herself and her Democrat colleagues in Congress? You cannot tell me that these people went to Washington making normal salaries, and now they’re worth millions of dollars, without somehow scamming the system.
Pelosi added, “The devaluing of work has had a negative impact on consumer confidence, job creation and economic growth. And the situation of families no longer believing that their children will have a brighter future than they is seriously damaging and demoralizing to our society.”
Only government can cause that. The private sector, with the financial laws we currently have on the books today, can thrive so long as government doesn’t interfere. The Trump era has proved this. Every leading economic indicator showed that after Trump got the government off the people’s backs by reducing tax rates for everyone across the board, including the corporate rate, and by getting rid of job-crushing regulations, the economy soared to create record highs in just about every category. The Democrats lost a lot of control and power by Trump empowering working class families and they are angry. This new commission is their answer to grabbing power back from them, because mark my words, just like every other crazy idea a Democrat comes up with where they tell you that they are only attacking the rich, this too will ensnare every working American and it will take more of what you have earned.
Pelosi is dressing up this horrible idea of government-sanctioned wealth theft with flowery language of how the Democrats want to help the middle class. Here’s a dirty little secret. The Democrats have always hated the middle class. They have always claimed to champion middle class working families, but the reality is they hate them, because they believe that they should be the ruling class of society, and that the bourgeois small business owners in the middle class should not enjoy an equal or even better life than them. The progressives, which is another term for the American Marxist, believe in the European model of aristocracy. They believe that their education alone makes them better people. It drives them batty to learn that a small business owner could make a great living by the sweat of his own brow, and they have spent a lifetime attacking middle class working families while giving spectacular speeches about how they are only here to help.
Well, Reagan also once said, “The nine most terrifying words in the English language are, ‘I’m from the government, and I’m here to help.'”
You can read Pelosi’s disastrous speech here.