Wednesday, March 7, 2012

Threat to our republic

“Once a population realizes that it can vote itself entitlement, fiscal responsibility becomes impossible.” Makes sense. After all, if you can vote to take money from someone else and give it to yourself, who the hell would NOT do this? And this is just where we find ourselves today. Our population is quickly becoming a society where on one side; we have a group of people who have an incentive to seize what the others have. On the other side, we have a group of people who have an incentive to make things better and keep what they have worked for. (Earned) Once more than 50% of the population is permanently on the side of those who want to take from the rest, you have a situation that can only result in the destruction of the economic system through bankruptcy. This has happened before. And this is what is happening in Greece and other parts of Europe today. And let’s just watch what the response is and what the ultimate outcome is. The only way to rectify this situation is by changing the rules of the game. You know the old saying: “He who does not play the game, should not be making the rules”. So if I have no “skin in the game” why is it that I can be making the rules about taking money from someone and giving it to me? The only solution that I know of would be to remove the ability for those who do NOT have any property to requisition property that is not theirs. In other words, if you don’t own property or financial assets like stocks or bonds, then you should not have say in how taxation upon such property is spent. In other words, your vote should not count. This is a major threat to the republic, although it would save the representative form of government to a more limited degree. Although I really don’t want this to happen, the only alternative that I can think of is a complete dictatorship. .

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