May each of you have the heart to conceive, the understanding to direct, and the hand to execute works that will leave the world a little better for your having been here. -- Ronald Reagan

Thursday, September 23, 2010

The Money You Earn Belongs to the Government?

"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned -- this is the sum of good government." Thomas Jefferson

The Democrats and their Statist leader Obama believe the money you earn belongs to the government. They cut deductions for charity giving, justifying it saying that exemptions are tax subsidies, and subsidies are public money, i.e., the government’s money.

The government is trying to get into people’s retirement accounts and say they’ll give it back when you retire. Truly? I can’t find the quote, but I remember ex-president Clinton actually saying that people’s earnings belong to the government and it decides how much people get to keep. I’ve heard some Republicans say the same.

In the UK there’s a proposal to actually legislate this. A proposal by Her Majesty's Revenue and Customs (HMRC) has actually proposed that employers send their employees paychecks directly to the government, and the government takes out what they want, and send the balance back to the earner.

The government would have access to every individual’s bank account since they would need to deposit back what they think the employee should get after they skim off their take. If they take too much, and it’s challenged, does anyone really think the difference will be refunded? See any opening for corruption and criminal behavior by hackers into the central banking system that would be the bureaucracy for this?  

Back to the US. You have to believe the Dems and Obama would be on board with this; everyone in America sending their paychecks to the government. 

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