Trickle Up Poverty Doesn’t Work

Posted by Jeff Carter
on August 13th, 2012

“Without a good economy, you cannot have individual liberty.” Scott McNealy, Sun Microsystems CEO. He said, “Most people are like me. They are fiscally conservative and socially liberal. But with Obama, we have trickle up poverty.” He went on to say, (paraphrased) The only outcome of a big government economy is crony capitalism and loss of freedom. Without economic freedom, we cannot have a socially liberal society.

He misses Milton Friedman. Don’t we all. Later today I will try to post a video link from CNBC, but Mr. McNealy echoes the sentiments of many business leaders. Government is way too big. McNealy is supporting Romney. Many in Silicon Valley are supporting Romney. They know that when the boot heel of government is on your neck, you have to submit, or die. (relevant part starts at 2:30)

It was revealing, and I suspect a lot of people in America have the same sentiment.

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