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by: RobViglione
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Word Count: 424
One of my friends just brought an interesting article to my attention. It's a Wall Street Journal opinion piece written by Ari Fleischer (former White House Press Secretary) entitled "The Taxpaying Minority." From the title you can guess he states the usual stats: top 40% of the population pays 99% of taxes, top 10% pay 71%, and the bottom 40% payNOTHING!
If America is to continue to exist as an indepedent, relatively free country it is imperative that everyone pays some amount of taxes. When a large percentage of the population pays nothing into the system, but have a say in how that system operates, there is utter loss of accountability and responsibility. Why vote for fiscal responsibility if you are not paying for irresponsibility?
If 60% of the voting public can force 40% to pay the bills, what's to stop 90% of people in a democracy from making 10% pay it all? Or why not let 99% of the country off the hook, as long as the remaining 1% picks up the tab?
Civilizations seem to have a fairly well-defined lifecycle. From initial growth there follows a period of properity up until citizens realize they can vote themselves gifts from the public treasury. British historian, Alexander Tyler, says "the majority will always vote for the candidates who promise the most benefits...with the result that every democracy will finally collapse due to loose fiscal policy."
It's a tried and true axiom of reality/economics that when something is free it loses value, i.e. if you get free healthcare you are less circumspect in your consumption of those resources. My friend's father runs a manufacturing plant that had an odd thing happenwhen the company decided to give free healthcare to its employees, there was a sharp increase in people taking sick days and heading to the doctor. Crazy, right? Can you guess the solution? Not many people liked him, but when my friend's father introduced a nominal co-pay there was a drastic reduction in the number of people getting sick. If only all diseases could be so easily cured!
I hope America can get its act together and fix one of the only safeguards to ensuring our Democracy doesn't devolve into apathetic, dependent, serfdom. The rich should pay more taxes since they derive greater benefit from government, but the middle class and poor also derive benefits for which they must pay their proportionate share. Pandering to these majority voting blocks by promising to stick it to the rich even more sounds great from a podium, but has only one inevitable outcome.
Rob Viglione is a writer, hedge fund manager, and real property broker. A former military officer, he is passionate about promoting a free society in America. Check out more of his writing on The Freedom Factory.