Capital Day?

Co-blogger Warren Gibson e-mailed me a great quickmeme earlier this afternoon. The details are beneath the fold.

This would be worth re-posting: I always ask my classes at this time of year, why not Capital Day?  The primary reason for high wages is the large amount of invested capital per worker, which came about because people were willing to forgo current consumption so as to save and invest, which they did because they were reasonably confident their capital wouldn’t be confiscated.  Workers will be the main victims of attempts to tax and otherwise harass savers and investors.

The following was created by the Foundation for Economic Education. You can find its website here. After Ron Paul’s 2008 presidential run I signed up for two summer seminars for college students put on by FEE. Both were incredible and I still have the notes that I took from each week-long journey.

Please keep it civil

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