Madam Speaker, I doubt anyone in this Chamber would deny the enormous amount of hard work and sacrifice that went into building this great nation. Honest and hard labor are at the very heart of our economic system and why our nation has…
Madam Speaker, I doubt anyone in this Chamber would deny the enormous amount of hard work and sacrifice that went into building this great nation. Honest and hard labor are at the very heart of our economic system and why our nation has achieved such greatness.
But there is a fundamental shift in the very notion of ``hard work'' in the country that will have unforeseen consequences for generations to come.
Madam Speaker, my district includes several high tech companies and I was having a conversation with some young professionals--including Michael Young, a former legislative director--last week when the topic of taxes came up.
Each of these professionals was in their 30's and each lamented the higher taxes that await them as they finally begin to be rewarded for the hard work they have endured.
What was particularly frustrating for them was that they had done exactly what they had been told they should do: go to college, work hard and play by the rules.
And it wasn't that they were opposed to taxes either. No, what incensed them was the Administration's insistence that those who did well over the last 30 years should be heavily taxed in the future.
What about those who didn't do well in the past 30 years but who are now, after having sacrificed so much, now finally on the threshold of being successful?
These young people are just entering the prime of their business and professional careers. They played by the rules. They went to college; they saved and struggled. And most importantly, they worked hard. Now, they are going to be penalized for doing everything right.
And penalized not because of what they have done, penalized for what they are going to do--succeed.
I say ``going to do'' but many of them expressed the opinion that why should they work hard now when the money they earn will just go to the government. Some told me they had already scaled back their future career plans. A few even told me they have worked out the numbers to work just enough so they don't get hit with higher taxes and surcharges.
What a sorry state of affairs when our best and brightest are no longer willing to work hard, to take chances, to achieve greatness. Instead they are content with ``getting by'' and mediocrity.
The implications for the country as a whole are downright frightening.
As young people in China, India, Brazil and others capitalize on the economic freedom that has been unleashed; America's very system reward for hard, honest work is at stake.