A Saying...

Here is a great saying I heard recently: Socialism doesn't hurt the rich as much as it prevents the poor from becoming rich.

Think about this for a while. Higher taxes, minimum wage laws and excessive regulation, don't really hurt the rich. Most of their wealth is tied up in capital investments, not in lavish homes and overseas trips. The government can't really confiscate much that the wealthy already owns. But the more the government expands the less they will invest, which means less jobs for the poor. Higher taxes, minimum wage laws and excessive regulation are job killers.

Here is my saying: If you are wealthy there is probably little the government can do to reverse that but if you are poor there is probably a lot the government can do to prevent that. 

(This is why its so phony for billionaires like Warren Buffett, celebrities like Stephen King, and the "Patriotic Millionaires" to call for increased taxes on the rich. More taxes means less wealth reinvested which means less jobs and less wealth for all. See Peter Schiff on this too).