I thought this Marxist/Obama philosophy was very fitting for our symbolic day today here in the U.S. The general belief that the government should decide what the people need is what’s driving our country…and the world. And we wonder why we can’t get out of this economic mess! The reality is that the economy cannot be taxed into prosperity but that’s what the politicians want to make us believe…especially if they can play on the emotions of the non-achievers – the other 50% of income earners who pay no taxes.
Speaking of this divide, here’s a good read on how if the Feds seized all of the income of the top 1% of income earners they couldn’t even run the federal government for a year! How can a $980 billion tax base possibly fund a $4 trillion government budget? It can’t but no one talks about that. Instead the media and its myrmidon followers just want more taxes…As with government schools, just throw more money at the problem, that’ll fix it.
Folks, we don’t have a taxation problem, we have a spending problem. But as Obama and the other political elite want us to believe, government is the answer to everything.
On a related note, as Art Laffer wrote today in the WSJ, there’s a 30% cost markup on every dollar paid in taxes. In fact, according to his piece: “Tax compliance employs more workers than Wal-Mart, UPS, McDonald’s, IBM and Citigroup combined.” Amazing…Just like the data breach problem, I know without a doubt that taxation and government growth is MUCH worse – impacting so many lives in a negative way – than most people it perceive it to be.
People largely want personal security over freedom. As with many information security issues people don’t want to take personal responsibility for their choices and their actions. Sadly, it’s the way of the world – apparently human nature…If you fall into the achiever class you’ve just got to figure out how to work your way through it. As for me, I can’t wait to get the next two months over with so I can stop funding the government with what I earn and start keeping my own money for my own family.
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