Once more, a couple of idiot, leftist professors are wringing their hands over the extension of the Bush tax cuts for the “wealthy.”
I like most of what John Stossel says- seriously, I do. But this time, he is just flat-out wrong.
The first thing you need to know about this is that most liberals view the government (or the state) as the sole source of wealth. This is contrary to the philosophy of the Founding Fathers, who believed that, in essence, individuals are the source of all property. We all identify things as food, clothing, and land as property, as these are tangible assets. Money too (in fact, all wealth) is considered property.