Good Morning Gentle Readers,
Despite TWC support for Dr Ron Paul (R Texas) in the upcoming presidential primaries I was unaware that in February the Congressman from Texas introduced legislation that would take the form of.....
an amendment [to] the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens.
The bill has a snowball's chance in the theological place of eternal damnation of ever surfacing from committee. But still, when was the last time anybody in CONgress seriously discussed something as novel as dumping federal income tax?
Is Ron Paul a nutcase? I don't think so. Consider that the US became the greatest nation in history without an income tax. Sure, Lincoln and others flirted with income tax but it was fleeting and temporary. Income tax didn't become permanent until 1913.
You've seen this before and I think it is apt whenever the question of income tax comes up.
In 1886 the federal government spent $242 million. In 2003 the federal government will spend over $2 trillion — 10,000 times as much.
Harry Browne chose 1886 because that was the year the Statue of Liberty was dedicated and he felt the irony was fitting.
I leave you to ponder the question dejour:
Are you getting ten thousand times as much benefit from your federal government as your great, great grandparents did?
The bill has been co-sponsored by:
Full text here.
Bonus Triva: Ron Paul is known on Capitol Hill as Dr No for his reluctance to vote yes to spend your hard earned on stupid stuff and his quaint notions about small government and the constitution.
The Wine Commonsewer
tip of the glass to Col Hogan