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Freedom, Honesty and Sound Money

May 26, 2014

In 1883 there was no federal income tax or social security. The only direct contact between the average person and the federal government was using the post office.

In the 1880s there was no Child Protective Services Agency or Division of Youth and Family Services to put peoples children into foster care, instead, there were orphanages and charitable organizations, usually run by churches.

Then regulations dictating how people must operate a business began to surface with the:

*Interstate Commerce Act of 1887 and the

*Sherman Antitrust Act of 1890

In the 1890s the countrys currency was backed by gold and silver, as a result, there was no inflation. In the 1890s there was no child labor laws or minimum wage laws to prevent teenagers from earning a living.

The 16th Amendment to the Constitution gave Congress the power to tax citizens incomes. The income tax was sold to North Americans with the logic that it was a tax increase for the rich and a tax cut for the poor and middle class.

Government is at the root of most economic failures. Bureaucratic management can never compete with the free market in solving problems.

Central economic planning does not work. Just look at the failed systems of the 20th century. The big government nanny-state is based on the assumption that free markets cant provide the maximum good for the largest number of people. It assumes people are not smart or responsible enough to take care of themselves, and, that politicians and bureaucrats have superior knowledge,  and are endowed with certain talents that produce efficiency.

I advocate voluntary solutions from the private sector. If someone was really destitute, they could always turn to private charities, foundations, or churches.

In the same way that the growth of government takes away money and jobs from the private sector, if government is scaled down, those jobs and investments return. I would like to dedicate my life to fighting for limited government and I believe that every dollar saved from government spending would go back to the hands of the people. The tragic part is that as I fight for limited government, major corporations are okay with bowing to government intrusion as they eventually pass on the cost to you and me, but eventually they fail unless they get government to mandate us to use their products and then eventually the middle-class fails.

On the question of taxes I am in favor of lowering taxes for all people of North America as this would increase economic growth and encourage wealth creation. I am in favor of cutting anyone’s taxes–rich, poor, and otherwise. Tax cuts reduces a single mother’s payroll taxes by forty dollars a month, it can allow a business owner to save thousands in capital gains and hire more employees. Both either spend, save, or invest the extra dollars, which helps all of us more than if those dollars were sent to the black hole known as the federal treasury.

The notion that because we have some people that are wealthier than others as somehow harmful to society is wrong. The path to prosperity is not to resent wealthy individuals, but rather to make more of them.

Of course, most politicians wouldnt agree with that, claiming that money raised through taxes could be used in important projects to provide for a better future for the country. I disagree. If this money stayed in the hands of private citizens, they would use it more wisely than government. After all, private investors are more prone to take good care of investments than a politician, since the former have their own money at stake, while the latter are handling other peoples money.

I reject the notion that tax cuts harm the economy. The economy suffers when government takes money from your paycheck that you otherwise would spend, save, or invest. Taxes never create prosperity. Private-sector innovation and productivity are the engines that drive our economy, regardless of what politicians tell us.

I reject the idea of using government taxation to correct so-called economic injustice. The equality that should be protected is the equality before the law, not equality of income. All people should be free to pursue their economic goals, and if they wish to earn more money than average, they are entitled to do so.

By imposing larger taxes on business, government forces businessmen to adjust to a new reality either by raising prices or cutting back on expenses. Both workers and consumers will see prices go up and wages go down. The burden of government hurts everyone.

I believe in a controversial solution to the taxation problem; I propose destroying the IRS and replacing it with nothing.

By destroying the IRS most people wonder where government revenue would come from. You may be surprised to know that the income tax accounts for approximately one-third less than it did today. So perhaps the idea of a North America without an income tax is not so radical after all.

We have existed as a nation from 1776 up until 1913 without an income tax, and we became the most powerful and richest nation on the face of the earth during that period, so obviously it was not necessary.

The rotten system in Congress will change only when the people of North America change their beliefs about the proper role of government in our society. Too many members of Congress believe they can solve all economic problems, cure all social ills, and bring about worldwide peace and prosperity by simply creating new federal jobs. We must reject unlimited government and reassert the constitutional rule of law if we hope to halt the spending orgy.

I do not support the idea of using tax policy for social engineering where certain activities are encouraged and other discouraged. This is not proper in a free society.

The governments only role should be in guaranteeing free-markets, protecting voluntary and religious choices and guaranteeing private property ownership, while punishing those who violate these rules, whether foreign or domestic: In a free society, the governments job is simply to protect liberty, the people do the rest.





From → Liberty

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