This is a letter I sent out to all of my Jukt Micronics co-workers last week.
I have a new project: I'm going to take some time off work to publish a book.
I have the talent and the track record and I’m certain it will be a success. I'm asking each of Jukt Micronics' 500 employees to lend me $50. I will repay the entire amount ($25,000) in 10 years. Of course, it will be a zero-interest loan. And I will pay you back only if I sell my book. But if I sell nothing, you get nothing.
Some of you may try to refuse, not understanding that my project will create economic wealth. The publisher will earn a profit, I’ll buy a new laptop, hire a professional typist, buy plenty of paper, eat at restaurants near my house, and hire a contractor to add a decent office to my home. Add the income tax from all these jobs to the taxes generated by the sale of my book, and this will be a win/win/win for industry, government, and most of all, me.
Besides, our book industry must be competitive. I've read that many French authors who writes on the same subject as me receive subsidies from their government. It would be unjust and suicidal for our industry not to subsidize me, too. Our country won't be what it is today if we don't unite and protect working families who produce Free Market Rants.
You still refuse? You say you prefer to put your $50 in a safe investment, earning an eight-per-cent compounded annual return that will add up to $108 in 10 years, instead of your original $50 that I’m offering to give you back in ten years? You say it’s more important for you to keep this money for your daughter’s college tuition than to use it to further my career and stimulate the economy? I don’t get it.
But it doesn’t matter what you think. You have no choice. My good friends who are trying to stimulate the economy by "saving and creating jobs" are going to withold the money from your checks. If you refuse, they'll send you to jail. My friends in the Democratic and Republican Parties think it’s a good project, and so should you. After all, who are you to know what to do with your money? You're the one who didn't get us into this mess, not the people who did and who are now trying to get us out of it.
Thanks for your willingness to help,
The Whited Sepulchre
Shamelessly ripped off from a French letter to the editor of a Montreal newspaper. A coat of Whitening to Don Boudreaux for posting an English translation.