Friday, October 15, 2010

Go take the bus

Paul Krugman of the N.Y. Times wrote an article complaining of the anger of rich people concerning higher taxes. He said "a belligerent sense of entitlement has taken hold: it's their money, and they have a right to keep it". Then quoted "Taxes are what we pay for civilized society" from Oliver Wendell Holmes. That may have been true at one time. What Paul fails to acknowledge is that fraud and waste is so prevalent in government that it is neither condemned nor addressed. Medicare has nearly a 20% fraud rate, with no real attempt to fix it. The I.R.S. budget is increasing exponentially yet they admit they are not collecting anywhere near the revenue they should be. Politicians waste money on pet projects like the bridge to nowhere, the sidewalk to nowhere, and funding banks that should have failed, but didn't because their relatives were heavily invested in them. I could go on and on, but you get the picture. Paul doesn't. Once the full effects of Obamacare kick in we will join Europe with having some of the highest taxes and lowest G.D.P.'s. You know if you let junior borrow your car and every time he returns it's been in an accident eventually you will tell him take the bus. When politicians treat our money like it was their own, maybe they can borrow it again.

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