Monday, November 22, 2010

Taxes and Serfdom

I doubt many Americans have taken the time to consider just how heavily they are taxed in this day and age.  It is comparable to "death by a thousand scratches".  If each American were give a summary of the total taxes they pay in a year, they would be flabbergasted.  However, since they pay a little here and there, the totality of it never crosses their minds.

Here are just a few in a seemingly endless list of taxes that grows ever larger year over year:
  1. Federal income tax
  2. State income tax
  3. State sales tax
  4. Local sales tax
  5. Property tax
  6. Capital gains tax
  7. Vehicle registration tax
  8. Fuel tax
  9. Alcohol tax
  10. Phone tax
  11. Hunting license tax
And the list goes on and on.  Add to that list the very nasty hidden tax of inflation.  That's right.  Every time the federal government decides to print more money and devalue the dollar it is simply another tax on the money you have been able to keep after all the other taxes (i.e. your savings).  And if you try to hedge against inflation by investing your money, any interest you make in return is considered to be capital gains.  Since capital gains are taxed, you necessarily have to make quite a bit more interest above the rate of inflation just to break even on purchasing power.

The government continues to grow larger and more intrusive on a seemingly daily basis.  To feed this insatiable beast, it is going to require more and more of your money in the form of taxation.

I contend that the burden of perpetually growing taxation of Americans is turning them into serfs who are in servitude to the feudal lord known as our government.  Here is the definition of a serf according to

  1. a person in a condition of servitude, required to render services to a lord, commonly attached to the lord's land and transferred with it from one owner to another.
  2. a slave.

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