Libertarian Girl

Leave it to Joe the Plumber to explain, essentially, the fundamental problem with many of Obama’s economic plans.

Joe the Plumber is the perfect messenger: he’s not a Wall Street banker or a lawyer or even a doctor. His name is actually Joe, and he provides an important, if un-glamourous, service: plumbing. No one becomes a plumber because they want to be a millionaire, although I’m sure plumbing, like garbage collecting, can help someone earn a good living because there’s less competition in people who want to take on the job.

Those who are criticizing Joe as a wealthy man who needs to hand over his dough to other Americans (as is the case with the New York Times’ Caucus comment section seem to think Joe is making his work visits in limos and relaxing, sipping champagne while he’s fixing people’s plumbing. The man says he wants to save for his son’s college education and works 10 to 12 hours a day to do so (and by the time his son gets to college, the price tag for tuition will be so over-inflated that he might in fact need that entire $250,000 a year to pay it).

Joe the Plumber (actually Joe Wurzelbacher of Ohio) wants to buy a business, see– he doesn’t have the business now, he just wants to buy it and would be making “payments for years” on it– and he’s hoping the profits would be more than the $250,000 threshold for Obama’s tax cuts. If it is, his taxes will go up and a lot of that profit will be gone, when he’s just trying to fix people’s plumbing, make a living for his family, and save for his son’s college education. A tax increase means he won’t be able to hire other plumbers on– creating those jobs Obama is always talking about– and he won’t be able to buy a new truck– helping those American car companies Obama is always catering to in Detroit.

In other words, he might not be able to buy the business at all.

… I’m planning on purchasing this company – it’s not something I’m gonna purchase outright, it’s something I’m going to have to make payments on for years – but essentially I’m going to buy this company, and the profits generated by that could possibly put me in that tax bracket he’s talking about and that bothers me. It’s not like I would be rich; I would still just be a working plumber. I work hard for my money, and the fact that he thinks I make a little too much that he just wants to redistribute it to other people. Some of them might need it, but at the same time, it’s not their discretion to do it – it’s mine.

Joe says about himself:

you know, my big thing is the American Dream. I work hard. You know, I was poor; my mom raised me and my brother by herself for a very long time until my dad came along. So I know what it’s like to suffer. It’s not like I was born with a silver spoon… Eventually – I mean, just to sound a little silly here, but you need rich people. I mean, who are you going to work for?

You start giving people stuff, and then they start expecting it – and that scares me. A lot of people expect it now. They get upset when their check’s late, they get upset when they don’t get as many benefits as they used to, or when different government agencies are cut or spending is cut here and there for whatever reason – people get upset at that. And that’s because they’re used to getting it and they want more. I mean, everyone’s always gonna want more. People work the system left and right to get more out of welfare, to get more out of state assistance, federal assistance. And if government’s there for them, they’re gonna keep on trying to manipulate it to get more out of it. You got people that come along and say, “Hey, I wanna help you people,” I mean, they’re all ears! They’re like, “Hey, you can help me more, I don’t have to work as hard, I don’t have to do as much, and you’re gonna give me this? Man, that’s great, you’re a good guy.”

That is essentially what is wrong with our politics and the fundamental problem with a government such as the one we have– the tendency will always be towards bigger government, although that is not necessarily the best way to go for the long run.

So yeah, it goes down the socialist – His healthcare plan scares me. You know, I don’t like people going without healthcare, but it’s not my job to pay for everyone else’s healthcare. It’s hard enough paying for my own. I like the idea of deregulation as far as – nationally, you know, you only get insurance companies that can work in this state – if you deregulate that then you have more people competing and then the prices would go lower. It seems pretty simple to me. It probably isn’t that simple – but you flood the market with more products, usually they go down cheaper.

With just a few paragraphs, Joe has proven himself to be better at understanding basic economic facts than even a Nobel Prize-winning economist like Paul Krugman; he essentially expounded on many of the best and basic reasons why a free market economy, with rare exception, works better than a regulated, planned, socialist one: we need rich people because we all need to aspire to something. Ask anyone in this country if they want to be rich or not, and overwhelmingly they’ll say they do. Sure, some genuinely might not care, but if given the choice, we’d pretty much all prefer to be wealthy, and that’s what keeps us plumbing and garbage collecting and teaching and nursing and selling real estate. We all have the chance to be wealthy, if we work hard enough at something we’re good at. That’s why Joe the Plumber works 10 to 12 hours a day, and it’s why anyone would work 10 to 12 hours a day.

Regulation is usually ineffective and devastates competition, thereby decreasing choices for consumers and quality of services and products.

And what is Joe the Plumber’s idea of the American Dream?

Me personally, my American Dream was to have a house, a dog, a couple rifles, a bass boat. I believe in living life easy and simple. I don’t have grand designs. I don’t want much. I just wanna be able to take care of my family and do things with them outdoors and that’s about it, really. I don’t have a “grand scheme” thing. My American Dream is just more personal to me as far as working, making a good living and being able to provide for my family, college for my son. Things like that – simple things in life, that’s really what it comes down to for me. That’s my dream.

This guy deserves a New York Times column.

This entry was posted on Thursday, October 16th, 2008 at 11:01 am and is filed under 2008 presidential election, Democratic Party, Free market economics, Healthcare, Non-free market, Other People's Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.