I read a Citizen Tom post about the current USA 22 Trillion-dollar National Debt that ended with this quote.
“Let me add, that only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters. — Benjamin Franklin
The Purpose of this Post
Is to question the wisdom or folly of our political leaders’ ambivalence of the consequences of the National Debt rising one trillion dollars a year in relation to the above Benjamin Frankly quote.
King Solomon
30 You have never wanted my advice or paid any attention when I corrected you.
31 So then, you will get what you deserve, and your own actions will make you sick. (Proverb Chapter One)
The rich rule over the poor, and the borrower is slave to the lender. (Proverb 22:7)
Rich and poor have this in common: The LORD is the Maker of them all. (Proverb 22:2)
Excerpts
“Do thieves steal because the law is broken or because they are corrupt? Well, we are stealing from the Federal treasury, and we are doing what thieves do. We are ignoring the law. We are pretending that we are just getting what we deserve.” (Citizen Tom)
“If the 10% Inheritance Tax were implemented, history suggests that upon Democrats regaining control, two things are likely to happen. Unless this can be written in some sort of iron-clad fashion, the Left will ferret out some kind of method to get access to the pot of gold the tax would provide. (D.T. Osborn)”
What’s My Point?
n a previous postdated 6/13/2016 titled, King Solomon on a Sinking Boat,I commented when the National Debt was 17 trillion dollars. My Point is that the National Debt is rising one trillion dollars a year that has been approved by both Democrat and Republican Congresses.
In another previous post titled, King Solomon, AOC Tax Idea, or Mine? Riddle Answer, I proposed a way to pay down the National Debt. D.T. Osbourn commented “My math would work, but warned above that the Left will access the “pot of gold.”
The National Debt are Government Bonds held by mainly USA owners. If our leader’s ambivalence of the certain consequences of continuing to allow the National Debt to grow, the value of the USA paper dollar is certain to diminish and taxes will have to increase to pay the mounting interest debt.
Yet, if you read the news, politicians are proposing new costly benefit programs with no suggestions of means to pay for the programs other than more borrowing.
My point is this. We voters are electing the leaders. According to Benjamin Franklin’s quote, only virtuous people are worthy of freedom. When you are in debt, you are a slave to the owners of the debt you borrowed.
In My Opinion
We are fools to continue to believe that there will not be serious consequences in the future by allowing the National Debt to continue rising at the same pace in the past 18 years. The prevalent thinking that raising taxes on the rich will somehow pay for everything and everyone is folly in both ideas and math.
The present tax system is the cause of divisiveness in the USA. The fact that 50 percent of the population only pays 3 % of Federal Taxes is acting as an incentive to destroy the belief in virtuosity. That is because the idea of the 50 percent of people who believe they do not make enough to pay taxes, and that the other 50 percent should pay instead of them because they make more money than them is not a virtuous idea.
Conversely, divisiveness that because they must work hard to support people who do not work serves to break down the virtuosity in people to help those in real need because of bad luck of uncontrollable circumstances, rather than laziness.
Fairness and justice help promote virtuosity. Unfairness and unequal taxation serve to create divisiveness and destroy virtuosity.
When both rich and poor pay the same tax rates, they can stand side by side in virtuosity and freedom..
If Interested,
Read the source links below and comments in the posts.
You Decide
Ten percent minimum taxation for everyone in life and death, wise or foolish?
Continuation of divisiveness between rich and poor, wise or foolish?
Do our children and grandchildren deserve to be slaves to debt because of the leaders we chose?
Source Links
Citizen Tom Post
D.T. Osborn Comment to My Post
King Solomon on a Sinking Boat
King Solomon, AOC Tax Idea, or Mine? Riddle Answer,
King Solomon, Is it Fair and Just That Amazon Pays No Taxes?
Who Pays Income Taxes?
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