Thursday, October 27, 2016

Hamilton, Federalist Paper Number 12 Tax laws have in vain been multiplied...the treasuries of the states have remained empty

Two hundred and thirty years ago, Alexander Hamilton writes:

"Tax laws have in vain been multiplied; new methods to enforce the collection have in vain been tried; the public expectation has been uniformly disappointed, and the treasuries of the states have remained empty."

I'll paraphrase some of the rest:

Where 'popular' systems of administration, driven by 'popular' government has defeated every experiment in the collection of taxes, and has taught the different legislatures the folly of repeating them.

But, apparently our legislatures have not been taught the folly of repeating them, we are repeating them over and over again. I should not say we here, most of the blame is in the people who believe and reelect the statists, which are in the majority, and the notso conservatives who were elected to oppose their agenda, and who failed. Some of the blame also lies on the media who wholeheartedly embrace the statist agenda and who will stop at noting to try and disassemble, at a personal level, anyone who opposes the statist agenda.

One example is the media fiction, oft repeated by Hillary Clinton that Bill Clinton ran a surplus. A complete falsehood. Newt Gingrich and his Contract with America gang helped fight the deficit, but he had to have a government shutdown for weeks with Clinton before Clinton blinked. No media outlet reports that fact. The current Republican congress didn't have the gumption for such showdowns, and doesn't have the backbone for staring down the mainstream media during their shutdown shenanigans, including all the shutdown dirty tricks that Obama enforced, dirty tricks that not even Bill Clinton was willing to do.

It is too late now, no matter who wins the election, for the US to pay back the nineteen trillion in debt, and the two hundred trillion in liabilities currently owed. And no mention of the printing presses in the quantitative easing schemes that will dilute the dollar when the debt wall holding the quantity of fiat currency breaks. And where will the power of the federal government be then? It can't pay its soldiers to defend, its courts to adjudicate, and its tax collectors to collect? We are now seeing in Venezuela a state in its death throws as it confiscates private businesses, and the shelves are empty. Yet thirty percent still support the regime in the failed state. This means, no matter how bad things get, the statists will still hold thirty percent of the population in thrall.


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