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The Left's Fallacies

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NateTheGreat

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One thing I had a mediocre time grappling with for a while is the idea that at some point, you become large enough to buy the government. Therefore, there should be caps on how much corporations can make and how much CEOs can make and/or we should increase taxes on the rich. After all, they say, many of the rich earned that money illegitimately.

However, the thing they miss is that even if you do increase regulations, increase taxes, and get the government more involved, this will only encourage the corporation's desire to be in bed with the government and to eliminate its competition. So when they suggest more government to 'balance' it, all they're doing is lining the pockets of the looters and knocking out the guys who play fair.

They also miss that regulations and increased taxes encourages an otherwise productive and non-aggressive company to play dirty. If the government becomes too involved, they can't make profits and may have to get in bed to protect their existence and to knock out competition.

Essentially, the point I'm trying to make is that the government is going to protect its interests. For that reason, I suggest we get it as small as we can. In fact, I don't think it would be unreasonable to say that the lower taxes you have, the more prosperous and less leech-like corporations would be.

I'm sure I'm not the first to think of this, but I thought of it and wanted to tell some listening ears.

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at some point, you become large enough to buy the government. Therefore, there should be caps on how much corporations can make and how much CEOs can make and/or we should increase taxes on the rich.

Non sequitur

After all, they say, many of the rich earned that money illegitimately.

Non sequitur

However, the thing they miss is .... They also miss that ... For that reason, I suggest we get it as small as we can.

Appeal to consequences of a belief

the lower taxes you have, the more prosperous and less leech-like corporations would be.

Non sequitur

Also, using one logical fallacy to reply to another would be an example of "two wrongs make a right."

/edit: format

Edited by Sirius1
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If there were a complete and total separation of state and economics, it would be impossible for even the largest, richest corporation to wield any political power at all.

Let's look at where this idea of corporations buying political power comes from...

Take the beurocratic position of "Finance Minister" for example (a position which does not exist in an Objectivist government).

The finance minister has access to force to control the economy. Today, a rich company can potentially buy him off and get access to that government force.

Remove the finance minister and all the rest of the ridiculous, unethical beurocrats and there is nobody left for the corporation to buy off. The connection between private business and government power is cut off.

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