Representation Without Taxation Doesn’t Work Either


Today being tax day, it seems a good time to remind ourselves of some key figures. Most Americans give at least a cursory look at their household budget monthly as they pay their bills or perhaps weekly if they’re in the tough position of living paycheck-to-paycheck. But, few stop to review their country’s financial state even once a year. Perhaps that should become a tradition on tax day. After all, Americans would call their cell phone provider and dispute a $10 unexplained charge; so why do they continue to pay thousands each year without asking why or where it’s going?

So here it is, the federal budget for the next ten years, as laid out by President Obama. Be sure to note, it is displayed in billions of dollars.

Allow me to round some figures off in summation: This year, the federal government will take in $2.2 trillion while spending $3.7 trillion (a $1.5 trillion deficit on top of the existing $11 trillion federal debt). Notice they expect the best year in the next ten, 2014, to still be a net loss of $706 billion, even if some wild optimism on Washington’s part comes to fruition.

This is the equivalent of an American family that earns $100,000 per year spending $168,000 while carrying $600,000 in debt; writing IOUs for the $68,000, and planning to do the same thing each of the next ten years and beyond. None of us would do that, so I can’t believe there’s a person in this country dumb enough to think the government’s numbers work, but there is. In fact, there are millions of them. A few of these work in the Lame Stream Media and will go on TV tonight and deride their fellow citizens who are at rallies all over the country today protesting this very spending lunacy, even though it seems the protesters are the only ones paying attention.

But how can millions of people who think the government’s budgetary suicide is ok? Well, that’s easy – 47% of all Americans pay NO FEDERAL INCOME TAX! Put simply, these people have no skin in the game. They are too short-sighted to realize that at the very least, their kids might some day have to pay this bill; or much worse, that a financial default by this country will mean financial pain for all – especially those who currently live off the taxpayer’s largess. Still, come election day, they have the same voting power as those footing the bill, and therein lies the problem. As Ben Franklin so accurately said, “When the people find that they can vote themselves money, that will herald the end of the republic.”

Taxation without representation was cause for a Declaration and War of Independence. Turns out representation without taxation doesn’t work so well either.

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2 Comments

Filed under Government Spending, Taxation

2 responses to “Representation Without Taxation Doesn’t Work Either

  1. Exxon hasn’t payed taxes in years.
    Guess they have no skin in the game either.

    • MAC

      Wow! You couldn’t be more incorrect. In fact from 2004-2008 ExxonMobil paid more in U.S. taxes ($67.6 billion) than they made in profit ($49 billion).

      http://www.exxonmobil.com/corporate/energy_issues_taxes.aspx

      On top of this, they employed tens of thousands of Americans in good paying jobs with full benefits. Also, before you vilify the profit they did make, I’ll point out that a significant portion of that money is then distributed to shareholders who turn around and pay tax on it as income (double taxation). And don’t make the mistake of thinking this is just going to a few fat cats. Virtually every American with an IRA, 401k, 403b, 529, etc. owns some stock in ExxonMobil.

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