not learning the past

Taxes are a governmentally-endorsed and -mandated punishment.

This is a relatively simple concept, but one a lot of people seem to have difficulties with. If a government wants more of something, they subsidize it. If they want less of something, they tax it. And much though hundreds, if not hundreds of thousands, of politicians throughout history have tried to circumvent, rearrange, or just plain ignore that basic equation, it continues to remain the truth:

The feds assume a relationship between the economy and tax revenue that is divorced from reality. Six decades of history have established one far-reaching fact that needs to be built into fiscal calculations: Increases in federal tax rates, particularly if targeted at the higher brackets, produce no additional revenue. For politicians this is truly an inconvenient truth.

(Emphasis added.)

The article goes on to explain that simple truth behind Hauser’s Law, namely, that for the past 80 years, no matter how taxes have been raised, federal tax receipts have always been less than 20% of the gross domestic product.

A rational, concerned human being would see those numbers, and realize that the government’s spending should be limited to some number less than 20% of the GDP. Unfortunately, our government does not appear to be populated by such individuals any more.

Eventually, someone is going to have to pay for the financial crisis our government caused, and you can rest assured it will not be those self-absorbed narcissists on Capitol Hill… unless we, the people of America, give them no other choice.

Our government is spending out of control, and attempting to compensate by increasing our taxes, even though history shows, quite clearly, that plan is not going to work. Hell, the present shows the same exact failure of that plan. So, what are you going to do about it?

(Courtesy of Taxing Tennessee.)