George Carlin, Economist?

I have no idea if George Carlin, who was often a very funny man, said this or not. It doesn't really matter. The Left circulates this, thinking it is oh-so-clever.

I am for limited, Constitutional government.  Most people would classify me as a conservative. I most certainly do not want to "give the rich more money." The rich earn their own money. What I am against is taking, by force, even more money from the rich to waste on ineffective, inefficient crap that isn't even Constitutional in the first place or out of some sense of envy.

Perhaps the quote is being circulated in reference to capital gains, which is where some rich people are making most of their money? In that case, we're talking about gains made on investments. That income isn't taxed at the same rate as wages or salary because: 1) most of the time, it was already taxed as wages or salary before it was invested in the first place; 2) it was taxed again already since corporations pay taxes; 3) we want to encourage investment; 4) when the tax rate on capital gains is raised, actual revenue collected decreases.

That is because yes, people lose their incentive to take the risk of investing in ways that will subject them to higher capital gains tax rates. Rich people have choices about what to do with their money.

Meanwhile, many poor people do lose their incentive to be productive and work to earn money if they're getting hand-outs. If someone can get food, housing, clothing, medical care, education, recreation, entertainment, transportation, fire protection, police protection, and so much more without ever working, many of people will choose not to work.

It is ridiculous to compare letting rich people keep they money they've earned (rather than taxing them even more) to increasing hand-outs to people who choose not to work or not to advance their place in life.

Also, in general, rich people and poor people do not handle money the same way, or react to money to the same way. That is why many of the rich are rich in the first place, and why many of the poor are poor in the first place. Not all, but for the most part.

If you were to take, at random, ten rich individuals and ten poor individuals and even out their net worth and liquid cash, not so long down the line from doing that, most of the formerly rich individuals would be much better off that most of the formerly poor. That is because the rich do the things they do, and the poor people do the things they do.

The Left is always looking for ways to take money from productive people who put money to good use and give it to strangers who piss it away.