Tag Archives: Economy

“A Date Which Will Live in Infamy:” President Nixon’s Decision to Abandon the Gold Standard

Nixon-Gold

Franklin Delano Roosevelt called the Japanese “surprise” attack on the U.S. occupied territory of Hawaii and its naval base Pearl Harbor, “A Date Which Will Live in Infamy.”  Similar words should be used for President Nixon’s draconian decision 45 years ago this month that removed America from the last vestiges of the gold standard.

On August 15, 1971 in a televised address to the nation outlining a new economic policy entitled, “The Challenge of Peace,” Nixon instructed the Treasury Department “to take the action necessary to defend the dollar against the speculators.”*

Nixon continued:

I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interests of monetary stability and in the best interests of the United States.**

Of course, any objective student of history knows that this was a lie and that it was not “speculators” which were causing monetary instability, but the U.S.’s own crazed inflationary policy which attempted to fund its imperialistic endeavor in Vietnam while expanding the welfare state at home.  This resulted in the Treasury losing an alarmingly amount of gold reserves to other central banks who rightly sought real value in exchange for depreciated American greenbacks.

In essence, Nixon’s decision ended gold redemption and placed the U.S. and the rest of the world on a purely fiat paper standard for the first time in recorded time.  By doing so, the U.S., in effect, became a deadbeat nation which no longer honored its obligations and was set on the road to its current banana republic status.

Instead of impeachment proceedings and his ultimate resignation for the juvenile break in at the headquarters of the nation’s other ruling crime syndicate, Nixon should have been imprisoned for this deliberate and destructive act which has led, in large measure, to the nation’s crushing and insurmountable debt burden, reoccurring booms and busts, and now economic stagnation.

Nixon’s disastrous decision had precedent.  FDR had his own day of monetary infamy in 1933 when, by Executive Order 6102, he outlawed the private ownership of the precious metal while eliminating  gold redemption by banks for dollars.  Ostensibly, the order was instituted as an emergency measure to combat the Depression, but in reality, it was done to allow the Federal Reserve greater “flexibility” in inflating the money supply.

While Roosevelt and Nixon’s decisions would backfire economically, their actions highlighted the totalitarian direction that the federal government and its executive branch were heading throughout the 20th century.  Moreover, the lack of opposition or protest to blatant executive dictatorial decrees by either the legislative or judicial wings of the federal government demonstrates again the flawed and frankly naive argument put forth by Constitutionalists of every ideological persuasion on how the celebrated “separation of powers” theory checks tyranny.

Nixon’s final abandonment of the gold standard had far greater ramifications than simply bad economics.  Without the discipline of hard money, central banks could, and did, create massive quantities of paper money and credit, which enriched the politically connected financial elites and the governments which they were aligned.  Such power was used, in time, to control, spy on, and regulate the subject populations to a degree never seen before.  The power of the state has swelled mostly through bank credit expansion without worry of gold redemption.

Despite what is taught in social science courses, a true gold standard is a greater protector of individuals’ economic well being and, ultimately, their political liberty than any legislation or “rights” document ever penned.  Hard money limits state power!

While it is painful to quote from an ardent opponent of sound money, the international bankster Baron Rothschild said it best when he described the relationship of money and power: “Permit me to issue and control the money of a nation, and I care not who makes its laws.”

Richard Nixon’s elimination of the last remnant of the gold standard over four decades ago combined with FDR’s earlier decree has fulfilled to the detriment of the American and world economies Baron Rothschild’s adage to a tee.  The return of prosperity and individual liberty will only come about when these two heinous acts are eradicated.

*Richard M. Nixon.  “Address to the Nation Outlining a New Economic Policy: ‘The Challenge of Peace.’”  The American Presidency Project.  15 August 1971. http://www.presidency.ucsb.edu/ws/?pid=3115

**Ibid.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

 

Don’t Expect a Return to a Gold Standard Any Time Soon

goldstandard

Despite trillions of paper currency units poured into the world economies since the start of the financial crisis, there has been no recovery, in fact, all legitimate indicators have shown worsening conditions except, of course, for the pocketbooks of the politically -connected financial elites.  Yet, despite the utter failure of the current money and banking paradigm to resolve the situation, the chance of a return to a commodity based monetary order is highly unlikely especially when one looks at the anti-gold bias found in typical college economics textbooks.

Macroeconomics: Principles, Problems and Policies by McConnell, Brue and Flynn is a leading introductory level college text which has been through, to date, some 20 editions.  Until the financial crisis of 2008, the subject of a commodity- backed money was not discussed, however, after the crisis and the popularity of gold standard enthusiasts like former Congressman and Presidential candidate Ron Paul, the authors of Macroeconomics obviously felt the need to address the resurgence in the interest of metallic money.

McConnell and company’s critique of the gold standard is full of fallacious reasoning that monetary cranks have employed for generations, all of which have been easily refuted by eminent economists.  Yet, the lies and distortions about commodity money continues in academia.

The authors admit that:

To many people, the fact that the government does

not back the currency with anything tangible seems

implausible and insecure.

This logical sentiment and realization of the fraudulent nature of unbacked currency by those outside the economics profession is brushed aside by the esteemed trio:

But the decision not to back the currency with anything tangible was made for a very good reason.

Yes, and we know what that reason was: so that the state and central banksters could have a ready and unlimited access to the creation of money to solidify and expand their power.  The gold standard was always an impediment to this cherished dream of the political elites – the establishment of an irredeemable, paper monetary order.

The authors, not surprisingly, see things differently:

If the government backed the currency with something

tangible like gold, then the supply of money would

vary with how much gold was available.  By not backing

the currency, the government avoids this constraint and

indeed receives a key freedom – the ability to provide

as much or as little money as needed to maintain the

value of money and to best suit the economic needs of

the country.

By all means, the state and central banksters should be given as much “freedom” as possible for we all know that governments would never abuse such license and would always act in the best interests of their citizens.  Certainly, the authors are not aware of any cases in history where such “freedom” was ever abused.

    Nearly all today’s economists agree that managing the

money supply is more sensible than linking it to gold or

to some other commodity whose supply might change

arbitrary and capriciously. . . .  if we used gold to back the

money supply so that gold was redeemable for money . . .

then a large increase in the nation’s gold stock as the

result of a new gold discovery might increase the money

supply too rapidly and thereby trigger rapid inflation.  Or

a long-lasting decline in gold production might reduce the

money supply to the point where recession and

unemployment resulted.

Volumes have been written debunking such stupidity.  The point, however, is that millions of minds have been exposed to such thinking and while most will not become economists (thank goodness!), what is taught in college and university classrooms about the gold standard is negative, to say the least.  Moreover, those who continue in a career in finance or economics will unlikely ever be presented with an accurate assessment of the gold standard.

A return to a sound and just monetary order will only take place after the ideological groundwork has been first laid, just as fiat money and central banking came about after years of proselytizing by inflationists.  It is also not enough to show the economic efficacy and moral soundness of commodity money, the ideas of crackpots like McConnell, Brue and Flynn need to be exposed for what they are.

Under the current academic environment, as generations have been misinformed, deceived, and lied to, it is unlikely that a return to a gold standard will take place.  Until the intellectual battle is won, paper money and the central banksters that manage it will continue their reign of financial terror.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

 

Jailing Banksters Will Not Resolve the Economic Crisis

Anglo Irish Bank

Last week, an Irish court sentenced three prominent banksters for their roles in the 2008 financial crisis.  Judge Martin Nolan, who pronounced judgment, said that the bansksters had committed “a very serious crime.”  He continued, “The public is entitled to rely on the probity of blue chip firms. If we can’t rely on the probity of these banks we lose all hope or trust in institutions.”*

A number have criticized the judge’s sentence for its mildness in light of the catastrophic damage that the banks have done to the economy.  Irish taxpayers have bailed out the banks five times since 2011, while it has been estimated that it will take up to 15 years, if ever, to recover.

While Irish banksters and the political class who have enabled them are certainly deserving jail time and much worse, whether they or other banksters who have committed similar crimes are punished will not prevent a reoccurrence of further economic crisis, undo the harm done to the Irish economy, nor will it pull Ireland or the rest of the Western world out of its economic malaise.

The seminal cause of the economic crisis of 2008 and almost every one preceding it has been the fraudulent expansion of the money supply by the banking system through the practice of fractional reserve banking.  Until this economy wrecking and social destructive scheme, along with the central banks that oversee and protect the nefarious practice, are abolished, the economic crisis will continue and deepen no matter how many banksters are jailed.

Simply put: fractional-reserve banking, for those who do not know, which includes 99.9% of the financial press, is the practice by which banks keep only a fraction of their deposits on hand and “invest” or loan out the rest at interest. Of course, if any other warehouse or storage facility engaged in such a practice it would be rightly considered fraud.

The process is augmented by central banks, which expand the money supply through the deposits that individual banks keep with them.  In fact, the main purpose for the creation of central banking in the first place was to enable individual banks to engage in this fraudulent undertaking which leads to all sorts of monetary mischief.

The beautiful part of outlawing fractional reserve banking is that it requires no creation of regulatory agencies, commissions, or convoluted legislation.  All that is needed is a simple universal prohibition of the nefarious practice applicable at all times and all places: any bank or financial intermediary which engages in fractional reserve banking or similar practices will be condemned and prosecuted with its perpetrators punished up to and including torture and death!

The judicial system is culpable too in this process.  Courts that actually prosecute banksters are not trying to get to the root of the problem, but are merely saving face with the public by doling out prison time or uttering harsh rebukes at the banksters.  Of course, as an arm of the state, the courts have a vested interest in not seeking the truth, since doing so would expose the actual method upon which nation-states obtain a good deal of their power.  Fines, jail time (usually reduced or suspended) to placate the angry populace is as far as the judicial system will typically go.

Naturally, a financial order devoid of fractional reserve banking would, as Providence had intended, consist of gold and silver, where paper currency and notes would most likely be of limited if any use.  The only significant hanky-panky which would occur with metallic money would be the old ploy of “coin clipping” which, although deplorable, was limited as compared to the inflations that have taken place under a pure paper, fiat standard.  To keep coin debasement in check, however, the same punitive measures should prevail as with those who engage in fractional reserve banking.

Punishing banksters for their monetary transgressions years after their dastardly deeds have taken place is comparable to buying fire insurance after a house has burned down.  If the Irish and the rest of the world’s populations want to eliminate the monetary chaos and the declining living standards which have ensued over the past half dozen years or so, they need to look at the ultimate cause of the crisis – eliminate fractional reserve banking and the central banks which condone and engage in the practice.

*Tyler Durden, “Ireland Jails 3 Top Bankers Over 2008 Collapse . . . Instead of Bailing Them Out.”  Zero Hedge.  30 July 2016.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

 

 

 

The Gold Standard: Friend of the Middle Class

In-Gold-We-Trust

It has been theoretically demonstrated and seen in general practice that a monetary system of 100% metallic money devoid of central banking checks monetary inflation, prevents a general rise in the price level, and eliminates the dreaded business cycle while making all sorts of monetary mischief nearly impossible.  A gold standard is not only economically superior to any paper money scheme, but is morally just, which is why it is hated by the politically well-connected, academics, politicians, and the rest of the Establishment.

Often not discussed, however, even by its proponents is the beneficial effect that “hard money” has for the middle class.

It is not a coincidence that since the U.S. left the last vestiges of the gold standard in 1971with President Nixon’s nefarious decision to no longer redeem international central bank payments in gold, real wages for Americans have stagnated.  Nixon’s decision to put the nation on an irredeemable paper money standard set it on a course of economic ruination, which is why he should have been hounded from office not for his role in the bungled, petty cover up at the Watergate.

Stagnating wage rates have been confirmed by a number of studies, take, for instance one from the Pew Research Center which states that “today’s average hourly wage has just about the same purchasing power as it did in 1979. . . . [I]n real terms the average wage peaked more than 40 years ago: The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would today.”*

While the absence of the gold standard has impoverished laborers, it has benefitted (not surprisingly) the very wealthy – hence, the reason why it was abandoned, as the Pew Study reports: “What gains have been made, have gone to the upper income brackets.  Since 2000, usual weekly wages have fallen 3.7% (in real terms) among workers in the lowest tenth of the earnings distribution, and 3% among the lowest quarter.  But among people near the top of the distribution, real wages have risen 9.7%.”**

Of course, this was part of Nixon’s plan: redistribution of wealth from the middle class and low income groups via money printing to the political class.  Such a scheme, however, could have only happened if the gold standard was eliminated.

Since the start of the abominable Obama Administration in 2009, the adjusted monetary base of the U.S. rose from $1.772 trillion to $3.966 trillion as of March 16, 2016.***  Of course, even these unfathomable figures as well as all other information supplied by the dominant media and government cannot be trusted.  It, therefore, can be safely assumed that the real money supply is more than officially reported.

Money, like every other good, is subjected to the immutable law of supply and demand.  Every increase in the money supply reduces the purchasing power of the monetary units which are already in circulation.  Naturally, since wages are paid in dollars, increases in the supply of them will decrease their purchasing power.  Thus, while nominal wages have gone up as the Pew Study shows, real wages (what wages can purchase) have stagnated.

The decline in real wages over the decades from profligate money printing has resulted in lower standard of living for wage earners and those living on fixed incomes. The rise in two income families is, in part, a consequence of a paper money economy and the fact that the financial survival of families now requires two incomes.  Two-income families have also profound cultural implications which are now manifesting themselves.

There has been much talk throughout the current presidential campaign about the financial decline of the middle class.  Candidates on the Left naturally talk of subsidies and more redistribution of wealth while those on the Right have called for tax cuts. While tax reduction of any kind is always welcomed and leads to economic growth, a sound monetary policy is just as important for a revitalization of the middle class.  Moreover, a return to honest money does not require any expansion of government spending or debt.

If policy makers truly want to improve the condition of the middle class, which consists primarily of wage earners, a return to a monetary order of “hard money” is an economic and moral necessity.

*Drew Desilver.  “For Most Workers, Real Wages Have Barely Budged for Decades.”  Pew Research Center.  9 October 2014.

**Ibid.

***Jerome R. Corsi, “Obama’s Latest Fraud: ‘Economic Recovery’ Disproven in Just 9 Charts.”  WND Money.  3 March 2016.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

Rock ‘N’ Roll Has Got to GO!

R n R

Has Got to GO!

Those who believe that the Western world can solely be turned around by the enactment of sound economic policies are sadly mistaken.  Until the Left is not only defeated, but annihilate in the culture war, the decline of the West both economically and socially will continue as recently witnessed by the “controversy” over the use of public bathrooms by perverts.

To accomplish such a necessary task, those on the Right must identify the means and mechanism by which liberalism has so adroitly used to accomplish the cultural transformation.

No finer example of the Left’s use of a medium for its depraved ends can be seen in that of rock “music.”  It is safe to say that rock ‘n’ roll has done more to undermine public morality than all of the judicial activism and welfare legislation enacted throughout the past half century or so.  And, without a conducive social atmosphere created by such music, it is doubtful that the sexual revolution and its perverse byproducts such as militant homosexuality and feminism would have ever flourished.

While initially rock was relatively innocuous, it, nevertheless, was subversive to traditional morality.  Most rock songs are couched in cleverly worded lyrics which promote promiscuity, vices such as drug use, and frequently mocks Christianity, all of which has led to the corruption and eventual ruination of countless lives.

Yet, despite these well established sociological “facts” of rock ‘n’ roll’s corrupting influence, those among the Right have long ago accepted this insidious form of music.  In fact, many actually promote it.  Rock is used as lead-in and background music to conservative television and radio programs while publications carry reviews of rock albums and concerts with writers often boasting about attending such events with their wives and children in tow.

After the recent passing of the degenerate and truly odd character who went by the name of “Prince,” a number of conservative outlets praised his “music” while one popular radio and television personality attempted to make the case that Prince was an opponent of the New World Order!

At one time, the culture war was an integral part of the political discourse, however, the debate over the issues of that war have been abandoned.  The acceptance of rock music by the Right is another demonstration of how it has succumbed to nearly all of liberalism’s premises.

The Left has understood (and still does) that through mediums such as television, motion pictures, and music, they could accomplish their agenda despite setbacks in the political arena.  While unsuccessful for a time in politics, they were, nevertheless, winning the important cultural battles and it was through rock music that society was gradually transformed.

There is, thus, no need for those who seek a return to traditional society to celebrate and embrace rock music, instead it should be treated with scorn.  But, it must first be recognized for the evil that it is.

While rock music must be understood for what it represents and debunked for its part in the triumph of the counterculture, an alternative should also be offered.  Happily, one can be readily found in the sublime and societal enhancing music of such masters as Brahms, Beethoven, Bach, Mozart and Tchaikovsky.

Better still, St. Augustine reportedly remarked, “Qui cantat, bis orat” (“A person who sings prays twice”).  When Western man’s Creator is once again prayed to through the music of such greats as Palestrina, Victoria, and Byrd throughout all the lands will the cultural war be won and society revitalized while rock music will be a distant and regrettable memory of a troubled time.

 

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

Feudalism: Was it so Bad?

feudal system

One of the biggest misconceptions held among the independent and alternative media is that of feudalism and the political, economic and social arrangements which characterized that unfairly maligned epoch.

Derogatory language is often used to describe feudal times with commentators often suggesting that today’s political and financial elites seek to return mankind to such a supposedly depressed, stagnate and repressive condition.

Those who receive the most animus from alternative media pundits are the authority figures and institutions which reigned throughout the period – knights, dukes, kings, princes, popes, priests, bishops, churches, monasteries, and cathedrals.

Yet, was this the case; was feudalism which existed throughout much of the Middle Ages really that bad?

Politically, despite the distortions found in contemporary history books and political science texts, state power in feudal times can be categorized in one term – decentralized – which in reality meant a considerable amount of individual liberty and freedom for all, including serfs.

Naturally, feudal political conditions across Europe varied, however, a look through Carl Stephenson’s classic work, Mediaeval Feudalism, is instructive:

So far as eleventh-century France is concerned, we may disregard

the royal authority altogether.  The kingdom of the West Franks,

which had never been more than a political makeshift, now seemed

on the point of final dissolution. . . . The ancient rights of the crown

had long since passed to such men as were able, with or without

legal authorization to organize and defend a local territory. . . .

The greater of the king’s alleged vassals never came near his court,

whether to perform homage or to render any other service.  What

respect could they have for a theoretical lord who was defied with

impunity by petty officials on his own domain?1

Professor Stephenson continues with words that should warm the hearts of anti-statists everywhere:

France, obviously, had ceased to be a state in any proper sense

of the word.  Rather, it had been split into a number of states

whose rulers, no matter how they styled themselves, enjoyed

the substance of the regal power.2

In Germany, too, power was radically diffused as Professor Stephenson describes:

. . . in various other ways the rulers of Germany sought to

maintain the Carolingian tradition of a grandiose monarchy.

They even revived the imperial title and made brave efforts

to reign on both sides of the Alps.  But the task was an

impossible one.  The Holy Roman Empire became a mere

sham; and as the prolonged contest between the royal

and the princely authority ended in the complete victory of

the latter, Germany. . . was resolved into a group of feudal

states.3

Despite their aggrandizing efforts, the German kings could never succeed in establishing absolutist rule:

Vainly trying to be Roman emperors, the successors of

Otto I . . . became [as kings] purely elective, degenerated

into a sort of decoration to be borne first by one local prince

an then by another.4

Germany remained, for the longest time, an area of decentralized political authority as Professor Stephenson explains:

From the Rhineland to the Slavic frontier, armies were

made up of knights, society was dominated by a

chivalrous aristocracy, the countryside was dotted with

motte-and-bailey castles, and governments were

organized on the basis of feudal tenure.5

Political and economic theory have demonstrated that power which is diffused typically leads to low levels of taxation.  In the case of medieval feudalism, this certainly was the case:

. . .  if the lord needed military service or financial aid beyond

what was specifically owed by his vassals, his only recourse

was to ask them for a voluntary grant.  He had no right to tax

or assess them arbitrarily, for his authority in such matters was

determined by feudal contract.6

Likewise, law was not “made up” by legislative acts, but was that of custom and tradition based on the natural law which kings, lords, vassals, and commoners were all obliged to live by:

Nor does he [the king, or lord] have a discretionary power

of legislation.  Law was the unwritten custom of the country.

To change or even to define it was the function, not of the lord,

but of his court.  It was the vassals themselves who declared the

law under which they lived; and when one of them was accused

of a misdeed, he was entitled to the judgment of his peers, i.e.

his fellow vassals.7

Warfare, too, was limited in scope compared to the massive human slaughter and destruction of property which has taken place over the past two centuries:

    The general character of feudal warfare may be easily

deduced from what has already been said about

vassalage and chivalry. . . .  when two feudal armies

met, each knightly participant was apt to conduct

himself as he saw fit.  The final outcome would depend

on a series of duels in which the determining factor was

individual prowess.  But battles on a large scale were

rare in feudal Europe.  The characteristic warfare of the

age consisted rather of pillaging raids into the enemy’s

territory, of skirmishes between small bands of knights,

and of engagements incident to the siege of castles.

[Emphasis mine.]8

While there used to be a debate about the conditions of serfs compared to that of modern day wage earners, the argument is now falling apart with studies showing that real wages and corresponding standards of living have actually contracted over the past half century for most.  Where there can be no debate, however, is the moral condition of the people of the feudal past compared with contemporary times where “gay marriage” and other abominations have now been given legal status.  No right-minded person could argue that marriage, the family, and child rearing are in better shape today than they were in the supposed “Dark Ages.”

In nearly every aspect of societal appraisement, medieval feudalism was a far superior social order than anything which has come in its wake.  Those who denigrate it not only show their historical ignorance, but play into the hands of their elite oppressors who understand that a return to such a social order would be a much greater threat to their power than any presidential candidate or his “movement.”

1Carl Stephenson, Mediaeval Feudalism, Ithaca, NY.: Great Seal books, 1942; 1960, pp. 77-78.

2Ibid., p. 78.

3Ibid., 92-93.

4Ibid., 93.

5Ibid.

6Ibid., p. 31.

7Ibid.

8Ibid., pp. 66-68.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

 

A Morally Sound Tax Reform Proposal

US Taxpayer

The Oppressed U.S. Taxpayer

This year, Americans’ day of tribute to their federal overlords falls on April 18.  As calculated by the Tax Foundation, the average American will work from January 1 to April 24 (Tax Freedom Day) to pay his share of taxes to all levels of government with some $3.3 trillion to be forked over to the federal government and $1.6 trillion to state and local jurisdictions.*

While any talk of tax cuts are verboten on the Democratic side of the presidential campaign, the remaining Republican contenders have offered their views on the matter suggesting a flat tax, reduction in corporate tax rates, and a call for the consolidation of the current tax bracket from seven to four.*  Most of these and their variations have been trumpeted before and even if enacted would not permanently undo the crushing tax burden or prevent rates from escalating to even more confiscatory heights.

If real and lasting tax relief is ever going to come, a more fundamental alteration of tax policy needs to be taken, which has not been suggested by any of the presidential contenders, but had once been an integral part of the nation’s political thought.

One of America’s most neglected political theorists of the 19th century was South Carolina statesman John C. Calhoun, who wrote the important treatise, A Disquisition on Government.  Calhoun perceptively saw that politically, society is divided between two distinct groups: taxpayers and taxconsumers.  Obviously, taxpayers are the ones who “pay” taxes while taxconsumers, such as government employees, welfare recipients, state contractors, and all others that receive income from the public trough, “consume” or live off taxation.

Naturally, when it comes to the issue of taxation, taxconsumers will be in favor, or, at least, want to maintain the status quo and, more than likely, would support notions of tax increases.  Taxpayers, on the other hand, would oppose increases or enlargement of the tax base, since they are the ones “footing the bill.”

Of course, politicians of all stripes and colors try to blur this distinction that Calhoun so brilliantly made, especially on tax day by declaring how “they paid their taxes.”  This, however, is sophistry.

In reality, politicians are just returning some of the loot that they coercively took from their fellow citizens.  Federal government employees in essence do not pay federal taxes!  Nor do individual state employees pay state taxes.  This is merely an accounting gimmick to bamboozle the public. And, this is one of the reasons that, for the longest time (and wisely so), citizens of the District of Columbia could not vote in federal elections since most of them were government employees and would, in their self interest, oppose tax cuts or public spending reductions.

When government was limited and the welfare state effected only a small group, voting and levels of taxation did not have a significant correlation.  However, with the number of people working for the government in the millions and those dependent on state largesse in the tens of millions, who votes, and in what numbers is extremely important.

It has been recently estimated that of the total U.S. adult population of some 260 million, only one third (some 79 million) can be said not to be dependent on state support for their existence while 70% of the adult population or 57% of the total population is dependent on some form of state aid.  And, unfortunately, all indicators point to more and more headed for the dependency category, primarily due to the destructive economic policies of the Obama Administration.

All of those who seek to lower the oppressive levels of taxation not only in America but throughout the Western world are foolish if they allow those who parasitically live off others to have a voice in choosing candidates or initiatives in regard to taxation.  Democracy does not trump human nature.  State dependents will vote for those they perceive will continue their subsidies.

Instead of lobbying for the redress of phony grievances against Politically Correct victims and groups, social justice warriors should direct their energies to the long suffering U.S. taxpayers and demand that those who live off them should have no say in either how much taxpayers are to pay or how their confiscated wealth is to be dispersed.

*”No Emancipation This Year.”  The Washington Times.  Friday, April 15, 2016, B2.

**Ibid.

Antonius Aquinas@AntoniusAquinas