Tag Archives: Government theft

Doug Casey on Governments Targeting Retirement Funds… and What You Can Do About It

Yes, they’re going to steal your retirement funds. There will be no limit on governments’ rapacity as the financial crisis really gets rolling. From Doug Casey at internationalman.com:

Retirement Funds

International Man: Most Western governments, especially the US, have debt loads and spending commitments that guarantee they will eventually—likely someday soon—try to grab as much wealth as possible.

Retirement savings are a juicy target. But, unfortunately, they’re among the lowest-hanging fruit for any desperate government.

What’s your take on the situation?

Doug Casey: Let me remind you of something that I’ve said a number of times in the past. But it bears repeating because it’s so critical but overlooked, even while it’s so obvious.

And that is that the prime directive of any living entity—an amoeba, an individual, a corporation, a government, anything—is to survive. The government is an entity as distinct as General Motors or Apple Corporation, with its own peculiar interests. It isn’t “We the People”; that’s just a promotional catchphrase—propaganda. Its prime directive is to survive. And it will attempt to do so at any cost.

Continue reading→

They’ve Secretly Raised Your Taxes, by James Rickards

Governments love inflation because few people realize their pockets are being picked. From James Rickards at dailyreckoning.com:

Inflation is not a guessing game anymore; it’s here. Every time you buy gas at the pump or groceries at the supermarket or book a plane ticket, the price increases are staring you in the face.

The problem is that inflation cannot be isolated. It’s not limited to what you pay to fill up your car, for example. Truckers have to pay the same higher prices for diesel fuel, which add to transportation costs and to the final prices of delivered goods.

It’s a clear example of the ripple effect.

That much is clear. What is less clear are the thousands of ways that inflation hurts you that are invisible. The most important of these is that inflation is a tax.

The government borrows dollars, and you earn dollars. Taxation is one way that governments take money from citizens to pay off government debt. But taxes are unpopular and hard to get approved by Congress.

Inflation works much better.

It reduces your real income since the dollars you earn are worth less. And it reduces the government debt because the money the government owes is easier to repay for the same reason – the dollars are worth less.

Continue reading→

What is a libertarian? By Eric Peters

Does anyone have the right to forcibly take even a penny from you? From Eric Peters at ericpetersautos.com:

Let’s begin with a question rarely asked – and almost never answered. Probably because of the answer:

Who owns you?

This is the fundamental moral – and political – question. Because everything that follows depends on how it is answered. Here is how libertarians – uncapitalized, to differentiate the more/political philosophy from the political party – answer it:

I own me, you own you. We each own ourselves. No more – and no less.

No one else owns anyone else, as that would be an affirmation of slavery, to whatever degree.

Slavery is a moral outrage, to whatever degree.

Those who advocate for it are immoral – are criminals, if they practice it.

Some hold that there is a creator God who owns everything, being the author of all of it. This may be so. But if so, his ownership does not convey title over his creations to some of his creations – to lord it over them. If there is a creator God then our relationship to him is individual – entre nous –  and cannot be conveyed to other individuals.

Nonetheless, the claim to title is regularly asserted. Originally in the form of what was styled the “divine right of kings,” who claimed their sovereign right to lord it over over others, having been “anointed” by god.

Or so they said.

This claim to title was rejected, most eloquently by Jefferson in the Declaration of Independence. But without sufficient clarity. Which is why the “divine right” of individual sovereigns over sovereign individuals became the “divine right” of some individuals, who asserted their collective sovereignty over all other individuals.

Continue reading→

The Joy of Stealing, by MN Gordon

When the government is a kleptocracy, the thieves among its citizenry tend to thrive as well. A fair number of Democratic officeholders essentially condone theft. From MN Gordon at economicprism.com:

I’ve been caught stealing
Once, when I was five
I enjoy stealing
It’s just as simple as that

Well, it’s just a, simple fact
When I want something,
And I don’t want to pay for it

I walk right, through the door
Walk right through the door
Hey all right!
If I get by, it’s mine
Mine all mine!

Been Caught Stealing, by Jane’s Addiction

“No Cause for Alarm”

Robbery.  Theft.  Stealing.  These actions take many different forms.

There’s fraud.  There’s force.  There’s white collar theft.  There’s crafty pickpockets.  House burglaries.  Insurance swindles.  Breaking and entering (B&E).  Hanoi-style.  Credit card scams.  Government kickbacks.  Hold ups.  Carjacking.  Embezzlement.  And much, Much More…

They all generally roll up to the same thing.  Taking another person’s property (including money) without permission or legal right.

Taking from others without permission, no doubt, is barbaric.  And barbarism is on the rise…

Here in California there’s a bull market in plywood.  The material’s exceptionally suitable for boarding up broken windows following flash mob smash and grab robberies.  It also provides fortification against future attacks.

In Los Angeles, for example, nearly $340,000 of merch was stolen by flash mobs between November 18 and 28.  These robberies also resulted in $40,000 in property damage.

“No cause for alarm,” said Los Angeles Mayor Eric Garcetti following the rash of smash and grabs.

Fourteen people were arrested.  Yet they were all released long before the police reports were written.  In fact, many of the crooks met  Los Angeles County’s no-bail criteria.


Continue reading→