Friday, October 22, 2010

Stop Taxing Me to Pay For Other People's Expenses

By Lance Winslow
The Tax Revolt this time was peaceful, will that continue as inflation rises, taxes rise and standard of living fails? There are after all more nightmares to come in our overall economic health in America. For instance; Medicare is a nightmare and major financial crisis for this nation. Social Security is nothing more than a Ponzi Scheme Time Bomb. How big are these monsters amongst us? Try 110 Trillion Dollars? How much is that?

Well, it's about twice as much as all the assets owned by every US Citizen, that's how much it is. Interestingly enough, the Democrats want to increase the coverage, and dig us deeper into the next major crisis. Is it any wonder that there was a bit of tea being thrown around on Tax Day 2009? I would recommend that everyone read;

"Free to Choose" by Milton and Rose Friedman in 1980.

In this book he explains how unethical it is to take or steal money from you and I and then use it to pay for other people's needs and why such a fundamentally flawed system is bound to fail, regardless of the issue that it is currently a Ponzi Scheme. Ponzi Scheme in that money is taken in the form of payroll income taxation and then spent in the general fund, then the government borrows money to pay for the services they promised as they come due.

Obviously, this way of misappropriation is so very similar to the Madoff Case and to think it is our own government doing it, well, that ought to make anyone's tea boil? Think on this.


Post a Comment