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RE: RED ALERT ECONOMIC COLLAPSE UPDATE

in #economy8 years ago

Oh don't get me wrong I am all for limited government and yes politicians in Illinois are particularly corrupt. But there will always be a need for large infrastructure projects like roads and bridges even a regulated financial system. Those things while they can be done with private money I can assure you things we take for granted like the ability to freely travel would be seriously curtailed with an anarchist lack of government. Banks left to their own devices caused massive cyclical banking panics throughout the 1800's.

Can you imagine how inefficient it would be to go back to a barter system to perform basic tasks? Without government roads we would have to travel on private roads. Maybe one operator accepts chickens in exchange for travel on his road, another wheat, and another bitcoin. We would be reverting back to a more free society, but everyday things would be so much more complex than they are today.

Things like roads cost money and that has to be levied by taxes. We could give all control to smaller and smaller divisions of government like the city but taxes would still be collected. And what if you wanted to leave the big tax base city like Chicago and travel to a poor community? That poor community may not be able to levy the appropriate amount of property taxes with a small population so you may leave the asphalt and travel on washed out dirt roads.

So while I agree with the assessment that we need less government I am not willing to avoid all taxation and privatize everything because that would also be rife with corruption and abuse.

For the taxes that are collected I am in favor of fair taxes that are levied at the same rate across all spectrums of society. Should GE have access to the roads that you and I pay for without sharing in the responsibility? They have more resources but choose to hide their money in tax havens. You and I most likely can't do that. So we are forced to pay a higher amount because GE won't pay taxes on its income.

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Local taxes are needed. Taxes do a lot of good, when used correctly. The income tax is the fraud. We could have use taxes like gasoline and sales taxes. If corrupt politicians were ever held accountable, the taxes would make our lives better. And, do not forget the federal government could print it's own money. Lend that to banks at interest. But, the system is supposed to make us poor. We are supposed to be their slaves. All by design.