The 13 American colonies decided to revolt over a 3 cent tax on a pound of tea.
Ok, that might be oversimplifying a tad, but the fact was, they revolted over a tiny amount of tax. No taxation without representation, they said. So they loaded their guns and told the British where to stick it.
Before 1913, it was unconstitutional to have an income tax. That’s because the original founders of the country understood that the only good government was a small government. In 1913, congress pushed through the 16th Amendment, which allowed them to begin taxing income.
The founders would be disgusted that we have an income tax at all, let alone the tremendously high rates that we have. Taxes destroy wealth, because the government doesn’t actually create anything. They just use up resources for the sake of using them up.
With Obama in office, I laughed to see the report that since election night, the FBI has had a 49% increase in background checks on individuals wishing to purchase firearms. Now granted, these people aren’t buying guns to take over the White House. However, they are afraid that Obama is a gun-grabbing liberal nutjob (which he is) who intends on implementing a federal ban on concealed carry (in spite of almost every state allowing it). People are stocking up.
At what point do the tax rates get so high that the American people revolt? What will it really take? Is the only way to get us there to have rates hiked so high that everyone is out of work?
Sadly, America sent a message to Washington last Tuesday. We (the majority of Americans, not me) told Washington that we want higher taxes, and we want the government to take care of us.
Don’t blame me when you lose your job. I voted for capitalism.