Jerry della Femina, the "mad men" has ad man shrugged

Apr. 30 2011-6: 30 pm | 670 Views | 0 Recommendations | Image by Getty Images North America via @ Daylife

Jerry della Femina, the legendary advertising visionary, restaurant owner and alleged inspiration for the popular AMC TV has show, mad men, shrugged his shoulders. As he recently he wrote independent (East Hampton) in the year 2008 "decided that this country was falling in love with an attractive, great talking Hustler/Socialist", and as a result of the country toward statism stitch, della Femina has decided on the way to sell "my houses drop-outmeine advertising business", my newspaper and my restaurant. "

Ayn Rand purists will say that della Femina has not exactly sense twitched in the Atlas Shrugged given his plans to sell his property. In RAND's essential novel, the heroic individuals of Commerce simply disappeared, worthless Raider business skills is missing its assets to leave. But that is nitpicking, and only in fiction, which would give all that is legal you productive.

Della Femina has by any rational measure shrugged his shoulders, and his decision to tells us what happens when society of achievers be fleeced so that the activities of the failed and indolent can be subsidized. Some, like della Femina plans off to do exit, and we are all worse as a result.

Although della Femina has not said that he is a total leave the United States, it is as if he is. This is one of the problems with excessive taxation on the successful.

While light taxation ensures that the largest number of service providers on the market with the greatest frequency will take part, high taxation mean that some on the edge, disappear. Persons with significant wealth like della Femina can continue in luxury to live, and you can do so without the economic activity, the company forward is moved.

So with della Femina check out due to a greedy, overbearing Government, those who want to work for a proven winner may no longer have this opportunity. For those who are busy with a good restaurant operator, this option is now closed. And for the company Midas touch, if you are interested in the products of others to branding, the access of della Femina himself on.

In short, nothing more than the rates in the rest of us are, as my colleague Forbes Charles Kadlec like to point out, taxes on the rich which make more traffic with oversized successes like della Femina. Della Femina departure is all of our loss.

As della Femina, put "I'm just not ready my have distributed wealth." "I am not willing to pay more money than the next guy because I provide jobs, and because I work a 60-hour work week and I earn more than $250,000 a year." Traditional commentators would that della Femina is greedy, say, but your own needs is what greedy on the provision for one? Produce not true greed is nothing under the expectation that the production will be the fruits of their work us so that we don't work hard? It is not criminal and greedy, use the power of the Government, spend money hard-earned the other?

Not to mention no one forced the restaurant at gunpoint in della Femina was, and similarly, it was not for conversions, the Isuzu, Pan am and Becks beer in its advertising led. Instead della Femina worked extremely hard, gave individuals and companies what they wanted, and to do this, he grew rich.

Della Femina reward? A President, who says, are only the rich can be happy, and that they should have more of their money in hand to the market of "compassionate" have in Washington, usually never met a payroll, never built a business and had never productivity, measured on their earnings to others. Some would call this theft, and that's hard enough description probably none.

It ends not of course unfortunate history della Femina. A man of means he no longer trusts the direction of the United States, yet the dollar, with which we share our production. The think, della Femina "in gold and silver." is that we are headed for more trouble

To put it simply, we lose not only della Femina brilliant work effort. Long on the capital, he is shrugging as investor.

With President Obama the productive activity of the effective taxation and with its Treasury aggressive look eagerly (and subsequent) to devalue the dollar, della Femina is the removal of his growth capital from the market and invest in two basins of wealth with very limited economic purpose, the most useful as a hedge against monetary Union are mismanagement of the Government. We are not only his ability to lose, we lose the company and jobs, that in saner times of his wealth would help produce.

Class warriors such as President Obama the classic error of loving jobs job creator to hate, and in promoting its cruel egalitarianism leads their activities, Obama an environment that punished the productive and the investment capital that funds embrace unknowingly to those, aren't as clever, and not work so hard like della Femina. Not to mention, in the growing more range many jobs for those without his skills, courage and drive, and its investment della Femina undoubtedly created.

But thanks to a tax, spend and devalue Government, grand business successes such as Jerry della Femina move on. Imitations are sure to follow, and this is in memory the next time we complain about a lack of well-paying jobs. The penalties provided for on the creator of such things were too much, and she left, or shrugged rather.

View the original article here