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Reasons not to vote?
The Growth Stock Wire | Nov. 10, 2012 | Porter Standsberry

Posted on 11/10/2012 8:22:36 AM PST by econjack

Weekend Edition Why I don't vote… and you shouldn't either Saturday, November 10, 2012 My good friend and intellectual mentor, Doug Casey, recently shared the five reasons why he doesn't vote.

He typically re-publishes these thoughts every four years. Perhaps you've seen them before.

While I agree with Doug in principle… I have a wholly different rationale for not voting. Given this week's election, I thought I'd tell you about it.

The reason I don't vote (and you shouldn't either) is…

Our current system of governance is nothing more than tyranny, and it's on track to destroy our country.

Like Doug says, asking me to vote is like four wolves sitting around the table asking the sheep what he'd like for dinner. It certainly doesn't matter what the sheep says. Asking me to participate in this charade won't bring it any legitimacy; it will only make me party to the fraud. Asking me to vote is like asking a free man to put himself willingly into bondage. It's insulting.

And when I say that my vote doesn't count, I don't mean no one will count it. I mean that, given the structure of our tax laws, there's no way my voice will possibly matter.

I currently spend about 50 times more on federal taxes than the median taxpayer. I pay a rate of federal tax that's more than double the average.

The 14th Amendment supposedly protects me against this kind of inequity. It promises me the "equal protection" of the laws and says the state can't deprive me of my property without due process. But the last time there was a dispute about my taxes, the state seized every penny of my assets it could find. It took my checking account and my brokerage account without even bothering to tell me. It moved to put a lien on my house. I found out what was happening via a letter from Bank of America.

The IRS offered me no due process. It didn't even notify me.

And I certainly enjoy no equal protection. Just look at the rate and amounts I pay compared with more than 90% of other people in this country. (By the way, the matter was resolved after about six months. Turns out, the state owed me $2,000 in refunds. They declined to pay me, citing the statute of limitations. True story.)

It is impossible for me to peacefully object to this kind of tyranny. Even if I were to give up my citizenship and leave the country, I would be forced to pay an exit tax that's roughly equal to the death tax my heirs will be forced to pay on my estate. These are the same kind of laws, by the way, that kept a generation of people locked behind the Iron Curtain. Leaving meant giving up all of your wealth. I can't possibly vote my way out of this situation. I can't peacefully object. I can't exit. Nor can I petition the courts for redress, as the Supreme Court has specifically ruled that the Bill of Rights doesn't apply to revenue matters. (See Lehnhausen v. Lake Shore Auto Parts Co… a 9-0 decision.)

I understand no one will feel sorry for me. The vast majority of folks will continue to vote. And what they'll vote for is more and more of my wallet. They are the proverbial wolves. And I am the proverbial sheep. When the sheep complains, the wolves just laugh.

That's fine with me… I will get the last laugh.

You see, this system will inevitably lead to more and more government, higher and higher taxes, and bigger and bigger deficits. This system will eventually destroy our country, just as abuses like these have destroyed every democracy in history. Along the way, with a very small intellectual advantage, I will earn far more from various non-reported speculations (gold, silver, foreign real estate, etc.) than the government will be able to tax. The sheep may be shorn… but he will not be eaten. The wolves, meanwhile, will soon be feeding on each other.

This kind of progressive tax structure, where a tiny fraction of the population pays for essentially all of the government's spending, creates the illusion that the government and its services are free. Our system is a lie. The lie is that you can live at the expense of your neighbor.

Yes, it sure seems true right now. Today, about 10% of the population pays for roughly 75% of all income taxes. Looks like everything is working out the way the voters want… They want more government services… They want free "Obama phones"… and EBT cards that can purchase luxury items and booze… and discounted housing… and cheap mortgages… and free education… and free health care…

They want it all. And they will vote for it every time. More and more.

By 2011, 49.1% of American households received some form of direct benefits from the federal government. As a result, more than 60% of Americans now receive more benefits from the federal government than they pay in taxes.

Folks who are the recipients of this largesse have developed sophisticated arguments to explain why this is "fair" and "right." But the truth is, it doesn't really matter what they say. In a democracy, every argument about what's legal eventually comes down to the ballot box. And there's no way the 10% who have to pay can compete with the 90% who don't when it comes to a vote.

And so… since 1960, the average federal tax burden per family in the U.S. has soared. In real dollars (indexed to 2011), the tax burden in America has gone from $11,500 per household to almost $25,000 annually. Just ask yourself this question… how can the median household, which earned $50,000 in 2011, afford to spend half its income on taxes? Obviously, it can't. And by having sharply progressive taxation, it doesn't have to… at least on paper. We'll come back to this in a minute.

First… even though the mob can clearly vote itself whatever tax structure it wants… the tax burden is now painful enough to seriously harm the economy. That is, even though the political feedback loop is broken (the majority of voters don't have to pay the taxes, so there's nothing to stop them), the economic feedback loop can't be subverted. So the government has begun borrowing enormous amounts in order to satisfy the demands of the mob. Specifically, the federal government is now spending $3.5 trillion a year. Income taxes only raise $1.1 trillion a year. Thus, even if you doubled income taxes, we'd still run a deficit every year.

My friends… that's pure insanity. That's why every time there's a committee of one kind or another that's tasked with solving our government's giant fiscal problems, it always comes back with nothing. No one in Washington wants to admit how much trouble we're in. There's no way to fix the system. The hole is far, far too big.

No government can survive long when it spends more than twice what it collects in tax revenue. Not even when it holds the world's reserve currency and has the world's most powerful armed forces. Just ask the Romans.

Yes, I know, the feds also collect about $250 billion in corporate taxes, but that doesn't change the math in any material way. And yes, I know all about the payroll taxes that support Medicare and Social Security. But you can't count those funds against the current spending because all that money ought to be going toward the future obligations of those programs.

The problem is that our political process – where the masses are allowed to vote themselves nearly unlimited benefits – masks the underlying economics. While any given individual might not have to suffer these burdens, everyone lives within the same economic sphere. We, as a nation, have a limited amount of economic power. We have a limited amount of opportunity. We have a limited about of credit (believe it or not). And right now, the government is taking up a huge amount of these economic assets, an amount that can't possibly be sustained.

We are now spending $6.3 trillion a year on government at every level. That's $55,000 per household in the U.S. In other words, if we all paid equally for the burden of government on a per-household basis, the average household would owe the government more than 100% of what it brings in.

Obviously, if everyone had to pay these taxes… if everyone had to share equally in the burden of the government… then none of this spending would have happened. None of these debts would have accrued. And we would have never ended up in this position.

Politics masks these costs for the individual, who believes he won't have to pay. He thinks he can simply vote… and make people like me pay. But what he doesn't understand – and never will – is that the politics can't change economics.

Our economy can't afford our government. Our economy can't afford these debts – or even the debt service at any legitimate interest rate.

At some point very soon, this economic reality will overwhelm the political charade.

That's why I don't vote.


Porter Stansberry

P.S. The 2012 election has already been decided… What's at stake now is whether or not Obama will seek a third term. There's a reason he'll garner the power to win, yet again… and keep power through 2020 – or even beyond. These things will change the political climate here and abroad, and may enable him to implement terrifying socialist policies. They could also help make you very wealthy. You can access my analysis completely free of charge, here.

TOPICS: Business/Economy; Government; Miscellaneous; Politics/Elections
KEYWORDS: deficits; government; idiotsdidntvote4mitt; politics; vanity; voting
I still think we should vote, but his analysis about taxes is spot on.
1 posted on 11/10/2012 8:22:40 AM PST by econjack
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To: econjack

How about making sure to vote in Democrat primaries to try and screw them up for a change?

2 posted on 11/10/2012 8:25:21 AM PST by rhombus
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To: econjack

Where’s the link?

3 posted on 11/10/2012 8:26:01 AM PST by A.A. Cunningham (Barry Soetoro is a Kenyan communist)
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To: rhombus
How about making sure to vote in Democrat primaries to try and screw them up for a change?

Good article. If each side switches that is exactly what is wanted by the elites. This corrupt "Two-Party Cartel" was made to order. Bubba's mentor wrote about this. This republic is over..put a fork in it.

4 posted on 11/10/2012 8:44:28 AM PST by Digger
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To: A.A. Cunningham

It was an email...

5 posted on 11/10/2012 8:46:19 AM PST by econjack (Some people are as dumb as soup.)
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To: econjack

It is not heaven down here. Regardless ... you have to fight the battles that are important, not only if you are guaranteed to win, but also for those who have come before you and for those who follow.

If you read history at all, you will understand that there are good and evil, that most people choose the easy road, that there are decades, even, where evil runs the show. It does not negate standing for what is right. It does not mean you won’t be killed for that, even. It is just the only road.

6 posted on 11/10/2012 8:48:27 AM PST by bboop (does not suffer fools gladly)
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To: econjack
That is, even though the political feedback loop is broken (the majority of voters don't have to pay the taxes, so there's nothing to stop them), the economic feedback loop can't be subverted.

This may be the defining statement about the U.S. economy today. It's all over but the aftermath, folks.

7 posted on 11/10/2012 8:51:02 AM PST by Alberta's Child ("I am the master of my fate ... I am the captain of my soul.")
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To: A.A. Cunningham
Here's a link you should look at first.

8 posted on 11/10/2012 8:57:17 AM PST by oldbrowser (Welcome to U.S.Zimbabwe)
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To: A.A. Cunningham
5 Reasons Not To Vote
9 posted on 11/10/2012 9:00:42 AM PST by who_would_fardels_bear
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To: econjack
Most of Casey's pragmatic arguments are rather flimsy (voting is a waste of time, compromises your privacy, etc.) which he even admits.

The discussion around his main points, however, is quite interesting.

I think a good reason for not voting is to put yourself in a certain frame-of-mind or attitude. If you are voting then your attitude is basically: However corrupt or degraded the system is it is somehow redeemable. There is something I can do politically to change the system.

What Casey and Standsberry are saying is: No. The system is irredeemable. The only proper attitude to take with regard to the current system is an economic one. See what bills get passed and what people get elected and then manage your assets accordingly.

This is a much more self-interested approach, but it just might qualify as truly enlightened self-interest if the system is truly corrupt beyond repair.

There is also an argument for political junkies like Freepers to spend their limited time and attention on local rather than national politics.

Ultimately the national wolves will come to the door, but if your local house is in order you may be able to stave them off until the system collapses and is open for true reform.

10 posted on 11/10/2012 9:12:23 AM PST by who_would_fardels_bear
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To: econjack
-- I still think we should vote, but his analysis about taxes is spot on. --

His point about voter participation being used to legitimize the tyranny is a good one.

Same goes for communicating with the federal politicians.

11 posted on 11/10/2012 9:18:45 AM PST by Cboldt
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To: econjack


if you can understand why it is immoral to force human beings to vote, then you have a better argument for not voting then presented above.

that is, it is right that man is also free to protest, to cast a “none of the above” vote. this is apparently what happened in this election to romney (as he couldn’t even garner the level of support mccain got. and mccain, while being a rino, is far more conservative, imo, than romney).

that being said, if the checks, balances and separation of powers still applied in our system of government, it would have been possible to vote the lesser of evils in this election, and perhaps romney would have won. as our Lord could then move the system as an aggregate entity in opposition to the one individual or fool who was “less evil.”

the problem, given my understanding of the Good and my faith, is that the constitutional checks no longer apply, making it very difficult to keep blood and sin off my hands by casting a vote for romney. in ca, it didn’t matter. i was free to write in my vote for a conservative.

in terms of economics, God’s law does indeed apply. we will have inflation and/or stagnation, given the drug addicted mob that is now in charge. the stagnation is the shackle. explosive deflation will be the end result when the fools finally fail.

at this point, sadly, we need to hopefully mange the collapse. i vote, when i morally can, to tactically manage the collapse.

12 posted on 11/10/2012 9:19:23 AM PST by dadfly
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To: econjack

But they always have to tell you about it. Hey! Porter! Go sit in the corner and contemplate your navel.

13 posted on 11/10/2012 9:27:49 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: who_would_fardels_bear

laughable. one of the “smart” fools.

14 posted on 11/10/2012 9:29:43 AM PST by dadfly
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To: dadfly
The reason Freepers are more interested in national issues rather than local ones is that they are more interesting to talk about. Also, they are issues we can talk about together. It's hard to get Freepers in Michigan excited about a bond issue in Arizona.

National issues are also hyped more by the conservative media. Rush is hardly going to be successful in keeping his national audience excited if he spends three hours on a local mayor's race in Eugene, Oregon.

Here in California the conservatives ceded local control to the state through the enactment of Prop 13. We're so damned proud that that's the one good proposition we got through that didn't get overturned by the courts. But all it really did was move tax policy from cities to the state where they have proceeded to undermine tax policy and every other policy imaginable.

Carter created the monstrosity called the Dept. of Education, and even though Republicans claim that they want educational matters determined at the local level, every time a Republican gets into office he expands the size and mandate of that worthless and dangerous department; No Child Left Behind, etc.

All this attention on national issues over which we have little control seems a useless waste of resources. Better to come up with interesting solutions, vote them in at the local level, and then see if they can be expanded statewide and then nationally.

The top-down approach does not seem to be working. George H. W. Bush's Thousand Points of Light may be a better strategy long term.

15 posted on 11/10/2012 9:45:50 AM PST by who_would_fardels_bear
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To: econjack


16 posted on 11/10/2012 10:29:48 AM PST by OldPossum
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To: econjack; A.A. Cunningham

Here’s a link:

econjack, the author’s last name does not contain a d.

17 posted on 11/10/2012 10:34:42 AM PST by upchuck (We are not finished yet. But when nobama chooses some more SCOTUS judges, we will be. For ever.)
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To: upchuck
econjack, the author’s last name does not contain a d.

I think it was one of those fat finger mistakes...

18 posted on 11/10/2012 10:44:23 AM PST by econjack (Some people are as dumb as soup.)
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To: econjack
Interesting article. I wrote in a post last night that I think I've voted in my last election for essentially the same reasons. You can't compete with Santa Clause. Further, the very act of voting offers a fig lea of legitimacy to the very people who are enslaving us.

Every four years there are claims by one side or the other that this will be the last election ever. The left was saying it about Reagan, and Bush (both of them). The right was saying it about Clinton, and I heard similar 'rumours' about Obama declaring some kind of emergency based on some Reichstag-type incident. Hell, way back when, during Clinton's reign, I gave it some credence given some of the stuff that was going on. What I've come to realize in the years since then, is that the elections are absolutely critical to The Powers That Be, because they are among the primary tools used to legitimize all that the government does to us in our names.

If they cancel national elections for whatever reason, things will get very bad very fast. This is not something they want. A good parasite allows the host to live in order to continue to live itself. Yeah, it can get uncomfortable for the host, but most parasites, which is essentially what the ruling class is, do not purposefully kill their host.

As a nation, we need to realize what is being done to us, and stop playing their games. Ceasing to offer them legitimacy is a small part of that.

19 posted on 11/10/2012 7:03:55 PM PST by zeugma (Those of us who work for a living are outnumbered by those who vote for a living.)
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