Why Is Bill Clinton Cultivating Envy?
by Stephen Moore
Stephen Moore is director of fiscal policy studies at the Cato Institute.
Added to cato.org on July 31, 1997
This article appeared on
on July 31, 1997.
Republicans shouldn't have wilted so easily. They should have met the class-warfare argument head-on. This is not -- nor has it ever been -- a nation principally motivated by greed and envy. Most Americans don't hate rich people as much as Dick Gephardt apparently does. Americans don't begrudge billionaires like Microsoft's Bill Gates or Federal Express's Fred Smith their fortunes. The vast majority of Americans don't want to tax the rich out of existence; they want to become rich themselves.
Stephen Moore seems to be saying that you can tax the Rich into poverty is he correct or right ?