Government Stimulus January 25, 2008Posted by federalist in Taxation.
Our government has all the moral authority of a gang of bandits. They produce nothing, yet every year they storm into the estates of the productive and take whatever they see fit. Their authority stems not from just principles but rather from their numbers and the coercive force they wield.
Imagine you build up a productive estate for yourself and your family. Every year the bandits come and tax you whatever amount they want. If you protest, they point out that this is only fair — after all, brigandry is hard work, and they protect you from other bandits! But that’s not all: A lot of the gangsters are sick, elderly, or lazy, and it would be inhumane for you to not share your abundance with those. Furthermore, you’re welcome to join the mob, where you will have a voice just like every other bandit. And after they’ve tallied up the plunder they give a little bit back to you and call it your “fair share” of your estate. Heck, some people get back more than is taken from them. So you see, it is all perfectly legitimate.
One year they notice the plunder getting a little light. Their leaders begin to passionately address this shortfall. They sit around your table, eating your food, and talking of ways to employ your assets to “stimulate” further production for them to plunder. Your initial optimism wanes as you realize that they have no intention of taking less from you. Instead they promise to take even more from you next year, and in the meantime they will borrow against that, add it to this year’s plunder, and somehow decide that this constitutes a “rebate.”
But don’t worry, this is all perfectly sound. After all, some of that rebate might make its way back to you!