Peter Schiff: Majority Doesn't "Have A Right To Steal My Money Just Because They Voted For It"

Real Clear Politics ^ | December 10, 2012 | Peter Schiff

[george76]

First of all, I'm in the top two percent. Right now, I'm paying 45% of my total income in income taxes, both to the state of Connecticut and to the federal government, and if you take the 3% Medicare tax. After the tax hikes go into effect next year, more than half -- more than half of my total income is going to go to the government.

You tell me, what's fair about that when medieval serfs pay 25%, I'm paying half? I don't care what the majority voted to do, they don't have a right to steal my money just because they vote for it.

[unixfox]

Were a long way off from the “riots”. There is still our private retirement funds to steal first.

And when that doesn't spark any outrage?

[jboot]

Ballots didn't work. What's next?

Schiff tells us the answer: starve the beast. Investors will shift the taxable assets that they can out of the USA and will "reduce the footprint" of the rest. Those hikes which are unavoidable will be passed along to employees and customers in the form of lower wages and higher prices. The Laffer Curve will out.

This is why the left has begun buzzing about a Global Income Tax.

[GlockThe Vote]

Most liberals and communists have the mentality of criminals and thieves, its just that they don’t want themselves to get their hands dirty. Easier to vote for someone promising to do the larceny on their behalf.

[greyfox]

You ,ake a good point: Te more onerous the tax laws become the more redily honest citizens will provoked to cheat. I doubt this fact is calculated into the overall revenue the fed hopes to bring in. And they winder why people become tac cheats, it’s not rocket science. The underground economy will grow as taxes are seen to be more and more infair. To reign in the underground economy you will need an ever increasing bureacracy which in turn will increase the ranks of the unemployed providing an expanding tax base and so it goes round and round. And who wins? Government!

[greyfox]

You ,ake a good point: Te more onerous the tax laws become the more redily honest citizens will provoked to cheat. I doubt this fact is calculated into the overall revenue the fed hopes to bring in. And they wonder why people become tax cheats, it’s not rocket science. The underground economy will grow as taxes are seen to be more and more infair. To reign in the underground economy you will need an ever increasing bureacracy which in turn will increase the ranks of the unemployed providing an expanding tax base, but ner enough for the left, and so it goes round and round. And who wins? Government!

[greyfox]

You make a good point: Te more onerous the tax laws become the more redily honest citizens will provoked to cheat. I doubt this fact is calculated into the overall revenue the fed hopes to bring in. And they wonder why people become tax cheats, it’s not rocket science. The underground economy will grow as taxes are seen to be more and more infair. To reign in the underground economy you will need an ever increasing bureacracy which in turn will increase the ranks of the unemployed providing an expanding tax base, but never enough for the left, and so it goes round and round. And who wins? Government!

[Yashcheritsiy]

As far as I am concerned, voting for those who promise to “soak the rich” ought to be cause for disenfranchising a person.

[PieterCasparzen]

Damn straight, Peter! The Eighth Commandment doesn't provide an exemption for theft based on a vote.

This brings up an essential point. The U.S. is not an explicitly Biblical nation. No explicit reference is made in the Constitituion or Declaration of Independence to “include by reference” anything about the Bible, there is no legal requirement that government actions or laws comply with Scripture.

Quite simply, Constitutionally, the U.S. allows for laws to be instituted that legalize theft, as long as they are passed into law by legal means. The only morality that is imposed is whatever morality is represented by the political whims of Congress.

The Congress and States passed laws that effected the IRS and it's regulations and redistributive taxing scheme, and so it is the law of the land. At no time was there any requirement to verify the law's compatibility with Scripture.

In the interest of avoiding religious persecution by the State, the Constitution provided blanket protection of any religion without regards to it's content, even including all sorts of evil and wicked cults.

Superficially, this appears to leave the responsibility to individuals to maintain good Christian Churches as an influential part of society. Such thinking, however, neglects to consider the considerable advantage in forming public opinion that subversive groups, whose leaders have malicious or treasonous intent and organize their followers in carrying out their schemes in secrecy, have over decent, God-fearing yet unsuspecting individuals.

The door being left open, evil crept in.

Accordingly, there is no requirement that God's law word be upheld by the U.S. government, and the Biblical purpose of government having the “power of the sword”, namely, that of restraining evil, appears to be accomplished less and less. Taxing those who produce and not taxing those who do not produce was voted into law a hundred years ago.

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[MrB]

They get really irritated when I walk them through their guilt, too.

Would it be wrong for you to steal my money?
Would it be wrong for you to steal my money to give to someone else?
Would it be wrong for you and 3 other people to steal my money and give it to someone else?
Would it be wrong for you and 300 other people to steal my money and give it to someone else?
3000?
3 million?

[Adder]

While I totally agree, perhaps we DO let the “rich” pay more and PROVE the folly of doing so to the cretins who LOSE because of it.Rub their noses in the pile of crap they create....

The pubbies don’t have the stones to defy zero so get it over with and do it. They will NOT make friends letting us go over the cliff because of the rise of everyone’s taxes...dumbles are just waiting for that stupid move...

[VRWC For Truth]

There is no revenue problem. There is a massive SPENDING problem. The gov’t can confiscate everyone’s income, savings, assets, and wealth today and the gov’t will STILL be in debt. It’s beyond ridiculous.

[Positive]

The ancient saying is not "Majority Rights" or "Majority Ethics" or "Majority Morals.

Correctly it is "Majority Rules"!!!

Centuries ago a philosopher wrote "democracy cannot succeed because as soon as the populace learns that it can vote itself money it will begin to collapse.

This is one of the reasons that we are NOT a democracy, we are a "Representative Republic". The politicians were to be the "adults" in our society.

Regretfully, this concept has been deteriorating for decades and has finally reached its "cliff".

[factoryrat]

You voted for a socialist/fascist to run the show, so now the normal rules do not apply anymore. Now, you have to do what the new ruler/government tells you to do, at the point of a gun, or worse. Ain’t socialism/fascism wonderful! But only as long as you stay in the dictator’s good graces though.

[Vaduz]

Don’t understand why the feds don’t go to a flat tax system.they would take in more monay with it.
The extortion tax system we now have is a failing system.

[Positive]

The ancient saying is not "Majority Rights" or "Majority Ethics" or "Majority Morals.

Correctly it is "Majority Rules"!!!

Centuries ago a philosopher wrote "democracy cannot succeed because as soon as the populace learns that it can vote itself money it will begin to collapse.

This is one of the reasons that we are NOT a democracy, we are a "Representative Republic". The politicians were to be the "adults" in our society.

Regretfully, this concept has been deteriorating for decades and has finally reached its "cliff".

[SMARTY]

I call it institutionalized theft.

In the mail the other day, I got a request from some group, for a donation.

My answer to them (in their own postage envelope):

“America elected a President who said that I am rich and that I am NOT paying my share.

He will hire people to take my money from me FOR you.

If you need help, contact the people the President has hired to take money from me, on YOUR BEHALF!”

I’ll be responding like this for the next four years.

[GlockThe Vote]

Like i said - most liberals have the mentality of a vandal and are like wolves.

[Positive]

"As far as I am concerned, voting for those who promise to “soak the rich” ought to be cause for disenfranchising a person."

Which reminds me of a joke I heard the other day: What do you call those two people who won that $350Million dollar Powerball Tax Jackpot the other day? -- "New Republicans!"

[mosaicwolf]

"I don't care what the majority voted to do, they don't have a right to steal my money....."

They don't need a right to take your money my friend. Remember, all political power comes from the barrel of a gun. That applies to the government as well as the citizen.

[Little Ray]

We have failed to keep the Republic and now, we have a Democracy. And, yes, Mr. Schiff, they can vote to take your money.

This is why, until the 1930s, US military fields manuals described Democracy as a bad thing - mob rule or anarchy. What changed? We elected FDR...