Its not enough to say taxed enough already, and no new taxes. I commend them for that. Allowing unsustainable debt to continue to grow though is a serious problem. People are floating the debt to GDP ratio as a number to base debt on, pointing out how many people are solvent and still have debt that exceeds their yearly income.
Here is the problem, GDP is not our governments income. Its national income, and unless you are dumb enough to accept 100%, or higher, taxes, then the correct number is around 20% of GDP. State and local taxes further erode GDP, as do the salaries of the leeches of society, from welfare recipients to lawyers. Any one who does not produce wealth is a leech.
Its OK to be a generous society. When we see folks in need, nearly all of us will dig down in the pocket for some cash to help out. As a nation, its not OK. Yes, there are many nations who are not as well off as we are. Ask your self why. This nation should be among the poorest. We are a late comer on the world stage. Many of our inhabitants were the poorest of poor from other poor nations. Vast distances further erode wealth building as transportation costs are factored in, yet we are the wealthiest. Its because we had a system that rewarded hard work. people got rich by the sweat of their brow, by being smart, and by working together.
I hear it all the time though, "spread the wealth". Why? Did you work hard to make Bill Gates rich? Was it your sweat that made Walmart a retail empire? So maybe you worked for Sam, Were you paid a fair wage? Could you have made more else where? if so, why didn't you? If some millionaire got rich by stealing from others, by swindling them, by manipulating the stock market, or any market to take off the hard work of others with out doing any of it them selves, Then you might have a case, a criminal case.
Most of the rich got that way by honest means. Sure, there are the George Soro's of the world, men who manipulate the markets, men who buy political favors, but they are not the ones people are screaming about. They are screaming about the guys who built companies from the ground up, found a need in the market, met that need, and got rich doing it. Some times I have to wonder, why does Bill gates need any more money? Its none of my business. He EARNED it. I did not. Its his money, not mine. I should be mad at the guy who has my money, the fellow, too lazy to work, but smart enough to fake a medical condition and get tax dollars, my dollars, for it. Know what? I am.
The TEA party needs to get back to DC and get to work on slashing the spending. If it is not a bonifide constitutional function of government, it needs to be eliminated completely. If it appears to be bonifide, it needs to be cut back.
If you are not sure where to begin, here is a suggestion; The government own more then 2/3 of Utah and Nevada, put every square inch of it on the auction block. Limit sales, no international distribution except to individuals, and limit them to tracts of 160 acres or less with a requirement they must occupy the land for no less then three years beginning within two years of the sale. All US citizens can buy as much as they can afford. Heck, Bill Gates could own a state by the end of it.
To quote the late Bob Grant: It's sick and getting sicker!
27 minutes ago
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