Atlas Shrugged: A Summary

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54. Did you ever see Michael Moore's TV Show "The Awful Truth?"

I wish I could find a youtube clip of this, and maybe somebody else knows of one...but there is one episode where he explodes the myth that the wealthy are smarter, more resourceful, and just plain superior to the working class.

He stands on a street corner and asks regular ppl questions like "what do you do when the toilet won't flush?" The regular ppl answer "jiggle the handle." He does the same thing outside some top end stores and banks frequented by the wealthy, asks them the same question, and their answer is usually "I don't know. Call a plumber."

Bottom line: if all the wealthy "producers" ran off to form their own village, they'd starve within a week without their Honduran maid to show them how to operate an electric can opener to open a can of beans.

Leaving aside the twits who inherited their fortunes, even the so called self-made billionaires didn't get rich by doing something useful. As Mitt Romney has already proven, he "earns" money WITH money, enjoying the preferentially low Capital Gains tax rates on investment returns, with the investments being made mostly by somebody else. Thus using each of his dollar bills like a little share cropper from the feudal era of medieval europe. And how did he GET that money to begin with? From other wealthy plutocrats, of course, who initially invested in Bain Capital.

The fact is that most of today's financial elite got rich through smoke and mirrors, and by knowing how to AVOID having to pay any taxes. You can account for half of Romney's fortune from that, having made money by "chopping" companies the way a car thief chops cars, he then skillfully AVOIDED having to pay any of it in taxes.

Financial elites making their fortune by knowing how to build a static electricity perpetual motion machine? Give me a break. The only skill these people have is access to the most skillful tax avoidance lawyers in the country, and knowing how to exploit every loophole in the tax code. These people are not "creators" and "producers." They're what REAL economists call FREE RIDERS.