RON HART: Stop Whining, Elon Musk Did Capitalism The Right Way

(Photo by Spencer Platt/Getty Images)

One of the many downsides of the rise of “Democrat Socialists” is their disdain for business, entrepreneurs, capitalism, and land rights. Theirs is an envy-driven agenda that trash-talks success and tells their voters they are owed the money earned by those who earned it. It’s an easy sell to the less educated among us.

Capitalism has made this country great. Countries without it, or with some form of crony capitalism, fail their people. Competitive capitalism lifts people out of poverty and is indispensable to human liberty.

California and some other loony left states have proposed taking money from those who have earned it, even after they have paid taxes on it. The result? Many have, and many more will leave. Money goes where it is treated best.

Taxes take money from the most efficient allocators of money: the wealthy who earn and create jobs and pay more taxes by investing in more companies, and give it to the least efficient and most corrupt users of money: the government. Along the way in his career, Elon Musk has, in the case of SpaceX, made a thousand millionaires out of welders and rocket engineers. Democrats in Congress only make millionaires........

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