Do you ever wonder after dealing with all that is going on with the economy and the upcoming election if it’s getting to be time to “go John Galt”? For those of you who have never read Ayn Rand’s Atlas Shrugged, the basic theme is that John Galt and his allies take actions that include withdrawing their talents, “stopping the motor of the world,” and leading the “strikers” (those who refuse to be exploited) against the “looters” (the exploiters, backed by the government).I don't think that there's any need for a "John Galt" to lead the productive to "strike". Individuals will review their situations and make decisions to cut back or stop working altogether depending on Obama's new tax and regulatory regimes and their own personal preferences and needs. The result may look like a John Galt organized them, but it will instead be a great example of Adam Smith's "Invisible Finger"1 (the middle one, of course) causing such people to self organize into a group that decides that it's no longer worth their while to work as much any more.
Also, even though I am personally fairly likely to close down my business and stop working if and when Obama's new taxes take effect, I don't see any benefit whatsoever to trying to convince others to do so. The more productive others are, the better off I am. If they want to continue to work hard and don't mind the high taxes so much, why would I possibly want to discourage them? Indeed, after I close my business, I'll be pretty poor and will greatly enjoy the goods and services and handouts that they make possible.
1 My co-blogger Howard alerted me to the phrase "Invisible Middle Finger".