The great ancient philosopher Plato is said to have told one of his pupils, "give me a man of experience over a man of theory." Professor Hochenauer over at Okie Funk illustrates today in a post why the wise philosopher probably believed this:

"There is no argument over the fact the wealthiest people in Oklahoma and the country have seen under state and national tax cutting initiatives over the last several years. Meanwhile, middle class people have been stuck with stagnant wages, rising health care and energy costs, and skyrocketing college tuition increases." Read more...

Like most idealistic liberals in academia, Mr. Hochenauer has probably never conceived an idea for a business, put together a business plan, implement it, and watch an enterprise that started out as an idea in your head eventually grow and prosper. Most wealth in the United States is garnered in one of two ways; you either inherit it or its self made. It is a fact that the "old money" fortunes have declined in their percentage of the wealth of this nation. Most wealthy people today became wealthy because of what we described above, not because they're lucky, have a favored skin color, or because they have had their taxes reduced. A reduction in your taxes is not the government giving you money from the treasury, it is the government letting you keep more of what you lawfully earned! Unfortunately, the socialist/collectivist mindset shared by Mr. Hochenauer and his minions will never understand this most basic of economic principles.

Related: Red Stater: Okie Funk Calls for Second Hole to Drain Boat

Labels: Brad Henry, OK Legislature, Scott Meacham

Posted at 11/26/2007 10:42:00 AM