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

Red Sox Live

0

2

▲  7th Inning 0 outs

letters

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

Lancaster

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

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 BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.