Thursday, March 24, 2011

Wealth a Government Creation?

Wealth is not created by government, otherwise command economies would be the richest on the planet rather than the opposite. People create wealth, and yes, government can prevent that. But to say that non-interference from government is the same as government creating wealth is like saying that freedom is a government given privilege rather than an inalienable human right.

The last time I checked, the top 10% of wage earners pay over 70% of income taxes, if that's not progressive, I don't know what is. Over 40% of tax filers do not pay a single dime in income taxes. The author needs to address these facts.

Government is the most powerful of all institutions. It can be used for good, but it can also be used to confiscate and enrich those in the government sector, namely bureaucrats and public sector unions. I can decide not to do business with an unfair and predatory corporation like Bank of America or even my cable company. I cannot decide not to pay taxes and forgo government, even if I think the services rendered are a ripoff for what I am paying. Bad corporations which do not provide a good value for the services they offer can go out of business, government will just raise taxes and make people pay for services offered at poor value without reform. Thus government is the ultimate organization we must be wary of. And as we watch events unfolding in the Middle East, we are reminded of what government can do--take your money, freedom, and even life--something no corporation has the power to do.

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