Life, Liberty & the Pursuit of Success

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Wealth is nothing more than a byproduct of success.

The pursuit of success is dependent upon the desire to succeed and become wealthy.

Wealth, therefore, is the carrot at the end of the stick. Take away that carrot and you remove the desire to succeed.

Socialism not only takes away that carrot, it renders obsolete all of the necessary ingredients that make success possible: a hard work ethic, creativity, persistence, genius, good habits, overcoming fear and the courageous pursuit of dreams and goals.

Success is therefore impossible in a Socialist society – why pursue success if the carrot at the end of the stick, wealth, is removed?

America’s founding fathers knew this.

To encourage the pursuit of success in America, our founders built into the framework of our US Constitution certain principles that fuel the pursuit of success.

These were liberty, limited government, and property rights.

Property rights being the right to keep the wealth you produce without it being taken away from you by government.

These principles enabled America to become the economic behemoth it is today. They are embodied into something we fondly refer to as The American Dream.

The American Dream is different things to different people.

For parents, The American Dream is the belief that their children will be more prosperous than they.

For some people, it is merely the ability to rise above the depredations of poverty.

And for others, it represents the ability to become wealthy.

The American Dream has been a boon for America.

The United States has 585 billionaires, more than every other country in the world.

We have a 19.3 trillion dollar economy, the highest of every other country in the world.

And America has a standard of living that is the envy of the world.

Liberty and property rights (wealth) have, for generations, separated America from the rest of the world. It is the reason America is often referred to as “the land of opportunity”.

That was, and still is, The American Dream.

It appears, however, that things are changing.

We are all bearing witness to a real-time seismic shift in America.

This shift is represented by a growing minority who feel they are entitled to free things from the government and who believe our existing tax system is to blame for the growing disparity in income and wealth.

In an effort to close that gap, this minority envisions a Socialist system that would force the redistribution of income and wealth.

Their weapons of choice are higher income taxes, a wealth tax, increased regulatory control over our economy by government and an expansion of government entitlements.

In order to accomplish this, they need to sell Socialism to the masses. Their preferred method of selling Socialism is hyperbolic denunciations of the rich, hoping to turn society against the wealthy.

Millions, unfortunately, have drank the Kool-Aid and elected politicians who seem more than happy to replace our “original American Dream”, with their “new American Dream” – Socialism.

This new American Dream is one which seeks to establish as a “right” – food, shelter, medical care, college education, retirement income and numerous other benefits.

This new American Dream pillories and denounces those who pursue wealth.

This new American Dream punishes those who dare to succeed, with punitive taxes, in order to ‘level the playing field” and redistribute the wealth created by American Dream Achievers.

This new American Dream seeks to put Capitalism in chains through over-regulation of the private sector and commerce.

And they are succeeding.

Calls for increased income taxation of the rich and a wealth tax on millionaires are resonating with far too many in America.

Increased taxation of the wealthy makes absolutely no sense at all because it punishes American Dream Achievers who take courageous risks in the pursuit of wealth.

Our American Dream Achievers are the very individuals who start new companies, produce world-changing innovations and create millions of new jobs. We need them. Now and forever. They should be held up as heroes, not pilloried as villains.

When we punish the successful for their success, through increased taxation and increased government regulations, what incentive do entrepreneurs have to pursue wealth?

The wealthy are not the enemy. We are biting the hand that feeds us all when we buy into the ideology that says the wealthy are bad.

We should be embracing and encouraging the pursuit of wealth, not condemning it.

We should reward American Dream Achievers, not punish them with higher taxes.

We should hold American Dream Achievers up as heroes, paragons and mentors, not demons.

If this Anti-Rich, pro-Socialist movement succeeds, The American Dream will die, our economy will crash and everyone’s standard of living will be pulled down into a community cesspool of poverty.

The discussion then will not be about how to shrink income inequality or the wealth gap. It will, instead, be about how to feed our families.

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
 
Phone Number: 732-382-3800 Ext. 103.
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Comments

  1. Eek. Is this who I have been following? I thought this blog was about habits not crazy venting during tax season.

  2. Justin Coffman says:

    I agree with you Thomas. The wealthy also give more money to charities than any other group. They look to improve the overall quality of life for many. They usually start from nothing and then become wealthy. Many are under the impression that the wealthy are evil and inherited their own wealth. I use To think this way and then I had my own paradigm shift. I am a huge fan of wealthy people and hope to keep the American dream alive.

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