You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live



▼  5th Inning 0 outs


Cry to tax rich misses point of wealth’s value

Many current political campaigns that advocate wealth taxes for the “rich” do not grasp the underlying economics, but instead cry “fairness.” They fail to see the difference between income and wealth.

Perhaps an agricultural analogy would help. Imagine a foolish farmer who harvests his corn crop, consumes everything against all advice, and starves the next year when he has no seed to plant.

Continue reading below

Now consider a wise farmer who saves a portion of the crop as seed corn, plants it the following year, and reaps a bountiful harvest.

Is it “fair” for the foolish one to demand part of this bounty, having made no contribution to it?

Wealth is the seed corn of our economy, not food for consumption.

Jerry Hartke


Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of