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State Cons
Liberty Asylum ^ | December 23, 2003 | George F. Smith

Posted on 12/22/2003 10:22:08 PM PST by nsmit

The State continually fails and destroys, yet it persists. You say, “Of course it persists – it has the guns.” True, but it’s not like we’re standing around with our hands up, nor is that what the State wants us to do. Its destructive interventions notwithstanding, it wants us to create as much wealth as possible so it will have an ample source of plunder.

How it goes about the plundering process is critical to its success. The golden rule is: the victims must approve of it.

Let’s look at how this works with its two greatest sources of loot, income taxes and central banking. Government created both in the same year, 1913 – erecting in effect its two main pillars. Without them, the State is a pussycat, begging for a dish of milk. With them, the State, in a country as rich as the U.S., becomes the greatest destructive force of all time.

Under altruistic guidelines, taxing the rich to extinction is morally acceptable because being rich is proof of moral degeneracy. Even if a rich person’s money were earned, he or she is at fault for not giving it away. But there’s a problem: the rich are a minority, and even if their wealth is confiscated, it can’t support the unlimited power lust of state rulers. Besides, most of the rich are politically active, which means they write the laws or influence how the laws are written, and they’re not about to legislate themselves into oblivion.

This leaves the ever-so-plump middle class. They’re the ones who buy most of what the rich produce, so it wouldn’t work to tax them out of existence. Yet the State must wring as much as possible from this income group. The problem becomes how to keep the people servile while transferring their wealth to state coffers.


(Excerpt) Read more at personal.atl.bellsouth.net ...


TOPICS: General Discussion; Issues
KEYWORDS: banking; central; commercial; demagoguery; federal; laws; legal; paper; reserve; rothbard; state; tender; withholding
Since today is the 90th anniversary of the Fed, we should all take a moment to reflect on what it has brought us, and where we might be without it.
1 posted on 12/22/2003 10:22:08 PM PST by nsmit
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