The government is sucking America dry. From Jacob G. Hornberger at fff.org:
According to an article at CNBC.com, 60% of adults said they are living paycheck to paycheck. According to an article at Forbes.com, about a third of Americans were unable to save any money in the past year. According to an article at Yahoo! Finance, while financial advisors recommend savings of $1 million to $2 million for retirees, the average 70-year-old has only around $426,000 in savings. On top of that, consider how much the value of people’s money is debased each decade through the inflationary policies of the Federal Reserve.
Welcome to the welfare-warfare state way of life, which plunders and loots people’s income to fund the ever-increasing expenditures of welfare-state programs and the warfare-state programs of the Pentagon, the CIA, and the NSA.
If we think back to America’s founding principles with respect to income, wealth, welfare, and warfare, we find that our American ancestors chose a totally different way of life than today’s Americans have chosen.
Consider, for example, 1890 Americans. They lived without an income tax and an IRS to enforce it. Just think about that: People were free to keep 100 percent of their income, and there was nothing the government could do about it. Imagine if you were free to keep everything you earned. Imagine if that had been case during your entire work life.
When Americans were free to accumulate unlimited amounts of wealth, they obviously were able to save a larger percentage of their income. Would’t you be saving more money if suddenly you no longer had to pay any income taxes whatsoever?
Shall we put each system to a vote?