SEE HERE This is a classic situation of destabilization. As more and more people who have the franchise don't actually pay taxes to support the government but do receive benefits from the government then we're only a short step away from total fiscal irresponsibility and then we're only a short step away from collapse. Now I hate chicken little thinking. I don't think cap and trade will do anything but separate us from our money. Global warming is cause by the sun thank you very much and we better keep getting it. Government is the cause of most of our problems not the solution. ... But this is scary and I don't scare all that easy.
It might not be too bad if you could nail down those nasty billionaires and make them pay all the taxes (Oh yeah, they already do.) It might not be so bad if the people who make the money weren't able to move ... I mean like to Spain or Barbados or somewhere else ... It might not be so bad if taxes didn't kill the things taxed ... but all of those things don't work. So when the crunch comes the one sector that isn't going to crunch and isn't going to pay is that sector that can move. Then we can all sit around the fire and cook our boiled dogs and cats and sing "Kumbya".
Monday, March 15, 2010
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