Jun
26

Killing the Goose That Lays the Golden Eggs

By Capitalist in Chief

The Story of the Goose That Laid the Golden Eggs (from Wikipedia):

A man and his wife had the good fortune to possess a goose which laid a golden egg every day. Lucky though they were, they soon began to think they were not getting rich fast enough, and, imagining the bird must be made of gold inside, they decided to kill it. Then, they thought, they could obtain the whole store of precious metal at once; however, upon cutting the goose open, they found its innards to be like that of any other goose.

This story is attributed to the 6th century B.C. Greek, Aesop. It is just as relevant today as it ever was.

According to the socialists the rich don’t need all their profits. Rich people have more than enough. Why should they keep all that money while other poor people have so little? Why don’t we tax the profits of those evil rich people and redistribute the money for the “common good” or to poor people? After all, how can we live in a society where some people don’t have health care, don’t have a house, don’t have child daycare, don’t have enough vacation days, etc., etc. This is how socialist sell their policies to the public. There is one tiny problem though:

The profits and the people who generate them are the geese that drive the economy and give us the prosperity and tax revenue we have, which is the equivalent of the golden eggs. The more profits the government takes away and the more of a target those who generate profits become, the less incentive people have to invest, achieve, and produce the prosperity we enjoy.

The Golden Egg

After all the centuries the story of the Goose That Laid the Golden Eggs has been in circulation, it is difficult to believe people still fall for the promise of taking from those who produce to give to non-producers for a better society. And given that the socialists’ policies not only kill the goose that lays the golden eggs, but also fleece the middle class, and end up benefiting the powerful and politically connected, it’s even more astonishing that they are not all voted out of office in humiliation.



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