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The Parasitic Rich Men North of Richmond | Mises Wire

Posted by M. C. on October 20, 2023

“The tax recipient class is not the product of voluntary exchange nor is it providing value to consumers; it is the parasite on the productive class of society. What the productive class provides to the average man, the parasitic class takes through violence. It does not need to provide value to the average man nor is it receptive to the market price system—it is accountable only to the voting populace after years of its parasitism. This parasitic class provides no value, only extracting it from the better members of society.”

“Anthony’s “rich men” are this parasitic class.”

https://mises.org/wire/parasitic-rich-men-north-richmond

David Brady, Jr.

Seemingly coming out of nowhere was the song “Rich Men North of Richmond,” by singer-songwriter Oliver Anthony. Overnight, the laments of one man from Appalachia over the state of the American economy and government spread like wildfire.

In “Rich Men North of Richmond” Anthony decries the declining value of the US dollar, the lack of accountability for those on Jeffrey Epstein’s client list, and the use of taxpayer dollars to fund obesity through food stamps amidst high taxation. Whilst one could deconstruct the individual issues pointed at by Anthony, it can best be understood by the song title and the chorus:

Livin’ in the new world

With an old soul

These rich men north of Richmond

Lord knows they all just wanna have total control

Wanna know what you think, wanna know what you do

And they don’t think you know, but I know that you do

‘Cause your dollar ain’t shit and it’s taxed to no end

‘Cause of rich men north of Richmond

The song is a lament about the poor state of America at the hands of these “rich men north of Richmond.” These men, of course, are none other than the politicians and bureaucrats of Washington, DC. Any libertarian worth their salt can both empathize and sympathize with the message. Government bureaucrats and politicians have racked up $32 trillion of debt (not including unfunded liabilities), have become involved in at least seven foreign wars since September 11, 2001, and devalued the dollar by more than 90 percent since 1913. It has hardly been easy to be in the working class since the advent of progressivism.

The explosion of Anthony’s song is a fitting time to discuss libertarian class theory, which provides insight into the very problems of these “rich men” and how they have led to the plundering of productive citizenry.

The first proper articulation of libertarian class theory is in Murray Rothbard’s book For a New Liberty, where he applies the theory of John C. Calhoun. This theory is that of the most basic conflict because of government: between those who are net “taxpayers” and those who are net “tax receivers.” The net taxpayers are, of course, those who are expropriated through taxation. They are the productive ranks of society, who fall victim to the contradictorily named “progressive income tax.” They are those who receive less in benefit than they pay into the system.

The other side to this class distinction are the net “tax receivers” or “tax recipients.” These are those who generate their income from the state taxation apparatus: the politicians, the bureaucrats, government contractors, and propaganda class. These are the corporations that not only build and maintain the road apparatus but also the dreaded military-industrial complex and other various industries.

The university system, feeding off subsidies through federal student loans, would be another such industry. These industries survive not through a marketplace of free exchange but through government handouts. Politicians might be the most easily identifiable member of this class, taking not only a salary but also other benefits that come with controlling the monopoly on violence.

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