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Deteriorating Financial Markets Prove That Our Government Is Failing

Deteriorating Financial Markets Prove That Our Government Is Failing

By    |   Monday, 18 January 2016 10:41 AM

To borrow a phrase from Art Laffer: “And government does not create anything; it just redistributes.”

How does government get that money to hand out?

Does it take it from you?

Think about it.

There are only two ways to get money.

Either you earn money or take it from somebody else.

The private sector makes money when it creates products or offers services and then sells those products or services for a profit.

When somebody in the private sector merely takes it from someone else, then it’s declared illegal.  A robbery is a common form of criminal behavior.

The private sector doesn’t operate in a vacuum.

Private sector interests understand that a free market does not mean a free for all market. 

It needs rules in the marketplace. 

Our government was formed by a contract — the Constitution — to help organize the rules needed in society.

The Founding Fathers proceeded on the understanding that all power comes from the people.

The people — the private sector — agree to give up some of their individual liberty and personal freedom by transferring power to the government to establish the rules of the playing field and the power to enforce those rule.

As Thomas Jefferson put into the Declaration of Independence: “To secure these rights, governments are instituted among men.”

That process is described by Albert Nook as the conversion of social power into State power. 

Then reality sets in.

As the state expands its power and authority your freedoms shrink.

It’s a simple equation.

The power of the State and means to exercise it demands more money from you to redistribute that money to a vast and growing bureaucracy or to subsidize an enormous mass of subsidized voting-power.

Greater demands on people also then require ever increasing oppression to impose it.

Do you think that the government’s interest — that is the State — is the same as yours?

It’s not.

You want freedom and security. The State wants power and eternal life.

The State only gains its objective by dissipating your freedom and security.

Nothing is new in this conflict.

Thomas Paine, in his pamphlet “Common Sense,” says that “Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one.”

This is the situation the United States finds itself in today.  The government is becoming intolerable.

The amount of money that local, state, and the federal government drains from the private sector — that is from you — both cripples the economy and misallocates it in the political attempt to perpetuate themselves in power.

Economic growth only comes about through productivity.  Government spending only creates expense and debt.

If you were made more secure and had your freedom (defined as the absence of coercion) protected, then the debt and expense are worthwhile.

Do you feel secure?

Do you feel that the government sees you either as a criminal or, as they say, a sheep to be shorn?

The deteriorating financial markets provide evidence that our government is failing.

Denis Kleinfeld is known as a strategic tax and wealth protection lawyer, widely published author and creative teacher. To read more of his articles, CLICK HERE NOW.

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The deteriorating financial markets provide evidence that our government is failing.
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Monday, 18 January 2016 10:41 AM
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