Wealthy Going on Strike Against Obama's Policies

Tuesday, 21 Jun 2011 11:03 AM

By Wayne Allyn Root

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The U.S. economy is crumbling. Businesses are collapsing in record numbers. Jobs have disappeared. Tax revenues are down dramatically. Coincidence?

Everything happening today under President Barack Obama resembles the storyline of Ayn Rand’s famous book, "Atlas Shrugged," one of the most popular books of all time, selling over 7 million copies.

Rand prophesized a country dominated by socialists, Marxists, and statists, where looters, free loaders and poverty promoters live off the productive class. To rationalize the fleecing of innovative business owners and job creators, the looter class demonized the wealthy, just as Obama is doing in real life today.

The central plot of "Atlas Shrugged" is that in response to being demonized, overtaxed, over-regulated, and punished for success, America’s business owners were disappearing and refusing to work 16-hour days to support those unwilling to put in the same blood, sweat, and tears. They were going on strike. Because of that, the original proposed title of "Atlas Shrugged" was “The Strike.”

They were going on strike to teach that civilization cannot survive when people are slaves to government. If you punish the wealthy, the risk-takers, and the innovators, you kill the goose that lays the golden eggs. In Obama’s America, fiction is becoming fact.

The lesson of "Atlas Shrugged" is that without the $100,000 earners paying into Social Security, there are no pensions for the poor and lower middle class.

Without the wealthy owners of million-dollar mansions paying $25,000 and $50,000 annual property tax bills, there is no funding for public schools. Without the wealthy paying into Medicare, there is no “free” healthcare for the elderly.

Without capitalists motivated by profit, there are no discoveries to eradicate polio or create miraculous cancer and AIDS drugs. Without capitalists motivated by profit, there are no jobs, period!

Ayn Rand was warning the looters that there are consequences to their overzealous actions. She was warning that if the productive classes felt used, demonized, ripped off, and taken for granted, they would go on strike.

The latest census proves Ayn Rand right. Under Obama the wealthy are striking, voting with their feet. They are moving to low-tax red states in droves, escaping from high-tax blue states where they are being demonized and punished by the millions.

The census proves that Obama’s tax and spend philosophy is a dismal failure, an economic disaster killing jobs. It is no coincidence that 1.9 million FEWER Americans are working than before Obama’s stimulus.

It is no coincidence that jobs are not returning to the private sector. It is no coincidence that tax revenues have dropped dramatically and cannot support Obama’s bloated Big Brother government. The innovators, risk-takers, and wealthy he demonized and punished are on strike.

The high-tech revolution has killed the progressive-liberal tax-and-spend dream. Because of the Internet, email, Facebook, Twitter, Skype, Satellite TV, iPhones, iPads, and cell phones, business owners are no longer prisoners of Big Brother.

Take a look at states where the latest census shows Americans moved during the past decade: Nevada, Texas, Arizona, Florida, Utah, Idaho, Wyoming, Colorado, North Carolina, South Carolina, Georgia, Alaska, Virginia — all low- or no-tax red states, states that lead in economic freedom.

Now look at states they escaped from: New York, New Jersey, California, Massachusetts, Rhode Island, Connecticut, Illinois, Michigan. Taxpayers, business owners, jobs creators, retirees with assets are fleeing the high tax, big spending, Big Brother states — the states being run like Obama is running the nation.

Progressives be afraid, be very afraid. If Obama is re-elected, these valuable producers will pick up and leave America altogether.

Places like Hong Kong, Singapore, Australia, New Zealand, Monte Carlo, Belize, Costa Rica, Panama, Bahamas, and Cayman Islands are low-tax havens that appreciate business owners and their sacrifices.

They reward instead of punish business owners and financial risk-takers. They are wonderful places to live and are aggressively pursuing Americans.

I am just one small businessman, a third-party libertarian political leader. Yet I personally have heard from thousands of fans, friends and supporters who have left America, are thinking of leaving America, are visiting other countries right now to decide where to go, or making preparations to leave in case Obama is re-elected.

The high tech revolution has freed them to run their businesses from anywhere in the world. 

Atlas is shrugging. Ayn Rand is saying, "I told you so."

Wayne Allyn Root is a former libertarian vice presidential nominee. He now serves as chairman of the Libertarian National Congressional Committee. He is the best-selling author of "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts." His website: ROOTforAmerica.com

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