Liberty Forged

the State has no money of its own, so it has no power of its own. ` Nock

Posts Tagged ‘private property’

Financial Crisis solved: Start Liquidating Federal Gov’t assets

Posted by Jesse on March 14, 2009

It’s called leading by example

A Forgotten Day and A Forgotten Country Harry Brown

In 1886 the federal debt was $1.40 per person (adjusted for inflation to dollars of 2002 value). In 2002 the federal debt was $21,564 per person.

Free to Plan A Secure Retirement Harry Browne

The federal government owns trillions of dollars worth of assets it doesn’t need and shouldn’t have. These include power companies, pipelines, idle military bases, business enterprises, over 400,000 buildings, oil and mineral rights, commodity reserves, and much more including 29% of all the land in the United States.

When the federal government is reduced to just its Constitutional functions, there will be no reason for it to continue hoarding those assets. They can be sold to the public, putting them in the hands of people who will use them more responsibly and more productively. And the sales will generate the money to clean up the financial mess the politicians have made.

Repudiating the National Debt Murray Rothbard

It is ridiculous for a citizen to be taxed by one arm of the federal government (the IRS), to pay interest and principal on debt owned by another agency of the federal government. It would save the taxpayer a great deal of money, and spare savings from further waste, to simply cancel that debt outright. The alleged debt is simply an accounting fiction that provides a mask over reality and furnishes a convenient means for mulcting the taxpayer.

Social Security, perhaps the most revered institution in the American polity, is also the greatest single racket. It’s simply a giant Ponzi scheme controlled by the federal government. But this reality is masked by the Social Security Administration’s purchase of government bonds, the Treasury then spending these funds on whatever it wishes. But the fact that the SSA has government bonds in its portfolio, and collects interest and payment from the American taxpayer, allows it to masquerade as a legitimate insurance business.

…This combination of repudiation and privatization would go a long way to reducing the tax burden, establishing fiscal soundness, and desocializing the United States.

In order to go this route, however, we first have to rid ourselves of the fallacious mindset that conflates public and private, and that treats government debt as if it were a productive contract between two legitimate property owners.

What is America Harry Browne

If you devote yourself to fighting against the latest political proposal, you may be wasting your time.

The growth of government is inevitable because the major issue has already been decided: there is no longer an America of tiny government, voluntary association, and the free market. So the only arguments now are over how the politicians will run our lives the Republican way or the Democratic way.

Our one hope is to persuade our fellow Americans that a return to the Bill of Rights could bring us much smaller government, much greater personal income, access to more low-cost products and services, and the freedom to live your own life as you think best not as the President or Congress wants.

Every battle is trivial compared to the fight to restore that unique America.

And don’t forget about the Fed

The Solution Murray Rothbard

To save our economy from destruction and from the eventual holocaust of run away inflation, we the people must take the money-supply function back from the government. Money is far too important to be left in the hands of bankers and of Establishment economists and financiers. To accomplish this goal, money must be returned to the market economy, with all monetary functions performed within the structure of the rights of private property and of the free-market economy.

Abolish the Fed Ron Paul

From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.


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The Kelo Case – Private Property Taken for the ‘Greater Good’

Posted by Jesse on January 20, 2009

This is just down the road from where I lived for a time

See Institute for Justice Youtube Channel

Here’s a more uplifting story, but with the same consistent message:

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The Death Tax, (or – Gov’t: more certain than ever)

Posted by Jesse on January 18, 2009

My comment at another blog:

hooray! three cheers for statism, liberty be damned.

[just kidding, read on]

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Death Tax Repeal a Hoax Lew Rockwell

What a sham – a crime – that people have to pay high-priced lawyers to figure-out ways to get around the law, performing legal acrobatics merely to pass-on their estates to their kids, lest the government get what should stay in the family. The exemption is scheduled to rise, but far too slowly.

Why won’t Congress Abolish the Estate tax? Ron Paul

The real motivation behind the estate tax is a deep-seated hostility to property rights, and a misguided fear of family dynasties. But people don’t keep money in mattresses anymore. Money inherited from an estate is either spent, saved, or invested – all of which are better for the economy than sending it to Washington, where bureaucratic overhead consumes at least 50 cents of every dollar.

If you truly own your property, you have the right to dispose of it any way you wish. You can sell it, give it away, or direct who will receive it when you die. This control is the essence of property rights. If you can’t control what happens to your property, you don’t really own it.

Will the Estate Tax Ever be Repealed? Ron Paul

The estate tax, more accurately known as the death tax because it is levied when a taxpayer dies, confiscates anywhere from 37% to 55% of a individual’s assets. While these rates are unconscionable, the death tax also represents an especially galling form of double taxation. Americans already pay federal and state income taxes throughout their working lives. They pay income and capital gains taxes on money they save and invest. They pay local property taxes on their homes. They pay various sales taxes whenever they buy something. They even pay steep federal taxes on gasoline and telephone use. Yet after a lifetime of burdensome taxes, the death tax punishes Americans one last time simply because they worked hard, saved, and invested to pass something on to their families.

greatl2

Ripping off the Taxpayers Thomas Woods

The general public has been led to believe that the business class favors the unhampered market and wants government only to stay out of the way of its accumulation of wealth. The truth, of course, is that those who populate the business world possess the same moral foibles as the rest of us, including the inclination to seek after wealth with the least possible exertion. That is exactly what the state makes possible: instead of earning a living by satisfying the needs of your fellow man, you can enrich yourself far less strenuously by employing the state machinery to loot him.

The Economics of the Estate Tax [Joint Economic Committee Study, 1998] {PDF}

Benjamin Franklin noted over 200 years ago that “in this world nothing can be said to be certain, except death and taxes.” Unfortunately, the convergence of these two inescapable events, in the form of the federal estate tax, results in a number of destructive outcomes in terms of slower economic growth, reduced social mobility and wasted productive activity. Moreover, the costs imposed by the estate tax far outweigh any benefits that the tax might produce. The purpose of this paper is to review and analyze the theoretical and empirical foundations of the federal estate tax, and to explore the potential effects of eliminating or reducing estate taxation.

Death Taxes: Theory, History and Ethics {PDF}

So long as men are mortal, wealth must be transferred between the generations and so long as parents care for their children, the dominant means of doing so will be through family inheritance. The transference of wealth through family benefits bequestor and heir, strengthens family ties, and increases long-term savings. When the state intervenes in this process, it increases its coffers at the expense of the smooth operation of family, society, and economy.

Introduction to Natural Law Murray Rothbard

In order to advocate public policy, therefore, a system of social or political ethics must be constructed. In former centuries this was the crucial task of political philosophy. But in the contemporary world, political theory, in the name of a spurious “science,” has cast out ethical philosophy, and has itself become barren as a guide to the inquiring citizen. The same course has been taken in each of the disciplines of the social sciences and of philosophy by abandoning the procedures of natural law. Let us then cast out the hobgoblins of Wertfreiheit, of positivism, of scientism. Ignoring the imperious demands of an arbitrary status quo, let us hammer out – hackneyed cliché though it may be – a natural-law and natural-rights standard to which the wise and honest may repair. Specifically, let us seek to establish the political philosophy of liberty and of the proper sphere of law, property rights, and the State

Are We There Yet, Are We There Yet? Robert Higgs

So, here we stand, having come close enough to communism for government work. It is a mistake, however, to call it communism or socialism, because a major part of its genius is its preservation of the form of private property rights, even as the substance of such rights is progressively gutted. Properly speaking, our system is, and long has been, economic fascism.

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Proof positive that fascism is alive and well in America

Posted by Jesse on January 7, 2009

bailout

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Permit needed to sell Fruitcakes

Posted by Jesse on December 31, 2008

From Bah Humbug

REDDING, Calif. —  Shasta County health officials are cracking down on an 86-year-old disabled World War II veteran who has been selling homemade fruitcakes for more than a decade.

The Department of Environmental Health cites an obscure law banning food businesses in private homes.

Jack Melton of Redding gave away many of his pecan-filled fruitcakes. But health officials saw a small handmade window sign offering some for sale.

Health specialist Fern Hastings says Melton must use a commercial bakery that has passed a health inspection even if he gives his cakes to the public.

Melton says the 10- to 14-dozen fruitcakes he sold each year helped supplement his Social Security benefits.

But the retired electrician says at his age, it’s probably time to quit anyway.

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