Big Lies in Politics

I read this article by Thomas Sowell today and just had to share it. It is very relevant regardless of which side of the aisle that you sit on.

Sowell clearly makes way too much sense!!

The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy them, and only in the short run. The current outbreaks of riots in Europe show what happens when the truth catches up with both the politicians and the people in the long run.

Among the biggest lies of the welfare states on both sides of the Atlantic is the notion that the government can supply the people with things they want but cannot afford. Since the government gets its resources from the people, if the people as a whole cannot afford something, neither can the government.

Tax the rich? History suggests that it does not work

There is, of course, the perennial fallacy that the government can simply raise taxes on "the rich" and use that additional revenue to pay for things that most people cannot afford. What is amazing is the implicit assumption that "the rich" are all such complete fools that they will do nothing to prevent their money from being taxed away. History shows otherwise.

After the Constitution of the United States was amended to permit a federal income tax, in 1916, the number of people reporting taxable incomes of $300,000 a year or more fell from well over a thousand to fewer than three hundred by 1921.

What happened to that wealth?? It was redistributed of course. Distributed into tax exempt securities. The amount was so grand that it was greater than the federal budget and half as large as the national debt at that time!!

Good Stuff!!

In today's globalized world economy, the rich can simply invest their money in countries where tax rates are lower.

So, if you cannot rely on "the rich" to pick up the slack, what can you rely on? Lies.

Nothing is easier for a politician than promising government benefits that cannot be delivered. Pensions such as Social Security are perfect for this role. The promises that are made are for money to be paid many years from now -- and somebody else will be in power then, left with the job of figuring out what to say and do when the money runs out and the riots start.

Good Read!! We ALL need to open our eyes to the lies that are being spun with the passing of each day!

townhall.com...

Thank you Mr. Sowell

Since the government gets its resources from the people, if the people as a whole cannot afford something, neither can the government.

Agreed it doesn't take a politician or a harvard graduate to see if you can't take care of yourself there is no way in hell you can take care of anyone else.

All Politics are lies the one who lies the best is always the victor.