Resentment of the rich trumps all else in liberalism, and we are defending against a multi-front class war. President Obama is using a shotgun approach to redistribute your wealth, with multiple attacks on your income, property, savings, and cost of living. These coordinated attacks started after the 2008 election and are now set to hit critical mass in his second term.
You may be hearing about the automatic tax increases in the fiscal cliff, plus additional tax increases President Obama is negotiating with Speaker Boehner. But you won't hear much about liberalism's most powerful, and silent, redistribution tool: inflation.
How is inflation redistributive? While not actually taking from one and giving to another, inflation satisfies the first step of the two-step redistribution process:
Step One: Reduce the wealth of the bourgeoisie.
Step Two: Increase the wealth of the proletariat.
The liberals, progressives, communists (or whatever label you're using these days) never achieve their redistribution goals, as they often fail at or before Step Two. But for them, this is okay. In their zero-sum world, a dollar taken from one must have been given to another. Therefore, the redistribution effort is seen as a success, by them and in hindsight, if only Step One occurred.
We have seen this before. Lenin triggered inflation to eliminate the Tsarist monetary system, which he planned to replace with centrally-managed rationing. He increased the money supply twenty-five fold. Lenin said:
The way to crush the bourgeoisie is to grind them between the millstone of taxation and inflation.
Inflation is triggered when either the money supply increases faster than the economy (quantitative easing), or when the supply of goods is reduced (Corn - biofuel demand plus the 2012 drought). Inflation causes uncertainty about future purchasing power, creates inefficiencies, and stifles productivity. Since the economy is a total of all goods rather than the total of all currency, the real money is not the $3 in your wallet but the gallon of milk in your fridge.
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