Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Raining on the Governments Parade

Politics / US Politics Jan 18, 2010 - 04:30 AM GMT

By: Viresh_Amin

Politics

The Lew Rockwell dot com and the Ludwig Von Mises institute have and continue to do a fabulous job at raining on the government’s parade and all the fallacies that are floating around in today’s world. They have time and time again become a place for minds to create great ideas, theories, articles, and books to show us just what this world has come to. Government has for far too long suppressed the best efforts of productive men and steals tax payer money to produce nothing productive for our end; all the while they tell us that they are working diligently for our best interest. One of these days that rain will turn into hail and a wrath the likes of hurricane Katrina will send a destructive backlash to all those “legalized” crooks and criminals living off the successful efforts of the productive minds.


Allow yourself to wonder if one can keep the four months of salary that you work hard for but instead have to pay in taxes involuntarily. Feel the amount of stress that will be lifted off one’s mind come April, imagine that you can reinvest it into your business and produce more efficiently to meet the consumers desires and of yours, or simply take a long needed vacation and you will just begin to envision what might be possible. Forced voluntary compliance is no friend of a man that wishes to be the most efficient and productive being that he can be and keep what is strictly his. Once taxes are implemented, man’s best efforts, become submarginal.

Boil it down to the simplest terms and you will get the idea. Man A has forced upon man B to pay him every year. Man A states he will insure that he will use that money to look out for the man B’s best interest. In a truly free market man B would be allowed to decide if he would gain from paying man A. If the results are no good, man B can stop anytime. Replace the “men” with “group”, hence if group A in a free market threatens group B to pay for the services, this would be called in modern language, government. It sounds harsh, but simply true. Ask any taxpayer why they pay their taxes and they will say “because you have to”. They “have to” because otherwise they will be charged with tax evasion and sent to jail for not forking up their money that they did all the work for.

Perhaps the best example is the greatest investor of the lost decade, Bernard Madoff. This man ran a multi-billion dollar Ponzi scheme (PS) and got caught. To clarify, this man was supposed to have been caught years before, but due to our efficiently working tax (thanks to Group B for their taxes) funded Securities and Exchange Commission, they seem to have fumbled when they received a tip about Madoff years before. Now let’s see, if all Madoff wanted was to steal money he could just as easily gotten a government job, or better yet, if he loved PS’s so much he could have applied for a managerial position at the Social Security Administration and he would have been amongst people of his kind.

To sum up PS’s: run a PS privately and you will, if caught go to jail, but run a publicly funded PS and you will, if caught, keep your job. If you run an “inefficient” PS privately, you will fail and go to jail; if you run an “inefficient” PS publicly, you will fail and receive more taxpayer dollars.

By Viresh Amin

viresh_amin89@hotmail.com

An Austrian economic, Libertarian, and Anarcho-capitalist writer.

© 2010 Copyright Viresh Amin - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in