Higher Taxes for the “Rich” Are No Way to Fix a Rigged System

Higher taxes just reinforce wasteful, bloated governments and do nothing to solve wealth inequalities. Government’s idea of wealth redistribution is to fund a do-nothing middleman class and their industry cronies at the expense of the people that actually create the wealth with their hard work.

The actual problems have to do with the rigged monetary system that rewards the already-rich with zero interest rates and toxic asset buyback programs… etc. and the Federal Reserves 2% annual inflation target that reduces the value of the dollar and real savings.

The politicians and their pet cronies think they know how to spend your money better than you do, when it’s government’s own programs and policies that cause the problems in the first place.

Alexandria Ocasio Cortez Danger Weapons Grade Stupidity

The Unprofitably Incompetent

by Robert Gore
Posted on January 25, 2019
Many of us profit every day. We offer services and provide goods, supporting ourselves at a cost that is lower than what we’re paid. We’re profitably competent, engaging in honest production and peaceful, voluntary exchange. The only alternatives to profitable competence are living off of someone else’s profitable competency via inheritance or charity, or criminality—theft via fraud or violence.

Criminals cloak their thefts in all sorts of justifications, some of which, like socialism, become full-blown political doctrines. Ironically, a larcenous litany of demands and rationalizations are efflorescing at a time when whatever is left of the overall profit pool has been drained. It has been mortgaged multiple times, just as hordes of the unprofitably incompetent, who had no hand in producing it, clamor for their “fair share.” They’ll insist the profitably competent figure out how to pay for it, but the fair share of nothing is nothing, political promises to the contrary notwithstanding.

“Your means, my ends; I wish, you fulfill,” is the foundational fantasy of modern governance.

Read More: https://straightlinelogic.com/2019/01/25/the-unprofitably-incompetent-by-robert-gore/

An Honest and Easy Solution to Wealth Inequality

MN Gordon for Economic Prism

“Inequality could be solved easily and honestly.

Stop rigging interest rates.  The free market can decide what rates should be.  Most likely, it would discover rates that were much higher – probably over 5 percent.  Then, in a flash, like champagne at Hiroshima, the post-2009 gains of the super-wealthy would evaporate.”

Read More: economicprism.com/an-honest-and-easy-solution-to-wealth-inequality/

Government is the Problem. Taxation is Theft.

The Government Using my Stolen Income to Study Quail on Cocaine

Government Spending Doesn’t Create Economic Growth

01/25/2019

The view that an increase in government outlays can contribute to economic growth gives the impression that the government has at its disposal a stock of real savings that employed in emergency.

Once a recessionary threat alleviated, the government may reduce its support by cutting the supply of real savings to the economy. All this implies that the government somehow can generate real wealth and employ it when it sees necessary.

Given that, the government is not a wealth generator, whenever it raises the pace of its outlays it has to lift the pace of the wealth diversion from the wealth-generating private sector.

Hence, the more the government plans to spend, the more wealth it is going to take from wealth generators. By diverting real wealth towards various non-productive activities, the increase in government outlays in fact undermines the process of wealth generation and weakens the economy’s growth over time.

Read More: https://mises.org/wire/government-spending-doesnt-create-economic-growth