Harry Binswanger on Ayn Rand and the "rich giving back to the community"

By the Left Coast Rebel

Photo credit: Wikipedia

A provocative yet rational case made in defense of the producers and geniuses of society made by Ayn Rand Institute's Harry Binswanger in Forbes this week:

Here’s a modest proposal. Anyone who earns a million dollars or more should be exempt from all income taxes. Yes, it’s too little. And the real issue is not financial, but moral. So to augment the tax-exemption, in an annual public ceremony, the year’s top earner should be awarded the Congressional Medal of Honor.

Imagine the effect on our culture, particularly on the young, if the kind of fame and adulation bathing Lady Gaga attached to the more notable achievements of say, Warren Buffett.


There is indeed a vampire squid wrapped around the face of humanity: the Internal Revenue Service. And, at a deeper level, it is the monstrous perversion of justice that makes the IRS possible: an envy-ridden moral code that damns success, profit, and earning money in voluntary exchange. An end must be put to the inhuman practice of draining the productive to subsidize the unproductive. An end must be put to the primordial notion that one’s life belongs to the tribe, to “the community,” and that the superlative wealth-creators must do penance for the sin of creating value.
Read the rest.

If you have a second, check out the comment section for the article; Binswanger effectively and politely defends his case against a variety of leftist. Interesting stuff.

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