You don’t want to believe it. You want to have faith in humanity and a more positive outlook on the world. But there comes a point where you can’t make any more excuses or look for the faint silver lining. Today I had to admit that the only explanation for the behavior of the Democrats and the Obama administration is that they are deliberately trying to destroy the US economy and bring about a total economic collapse, presumably to use as a pretext for the implementation of complete central state control of our society.
There really is no other explanation. I’ve tried to excuse them as inept and ideologically misguided, but it’s gone on too long and it’s reached the point where their mismanagement of the economy is so gross and so ridiculous that it can only be explained as intentional. I hate to use the dreaded “T” word, but the grim truth is that they are engaged in treason against the United States. They are laying the groundwork for a political coup which will overthrow our constitution and the rule of law using an economic collapse which they have deliberately engineered as the justification for tyranny.
The latest example of this is the passage of an extension of the Estate Tax in the House of Representatives. The economy was scheduled to get a big boost in 2010 when this extremely regressive, job-destroying tax was set to expire. Now the Democrats plan to continue the tax at a rate of somewhere between 35% and 55% depending on the outcome of the Senate bill. Estates below $3.5 million are exempted in the House bill, but that limit may be substantially lowered by the Senate.
As was debated at length when the Bush administration sought to lower and eventually eliminate the Estate Tax, the harm which this tax does is devastating on two levels.
First, on the purely individual level, it destroys small businesses and in particular family farms. With the estate tax so high, family-owned businesses and farms which have little cash on hand and have property as their main asset find themselves forced to shut down and sell off part or all of that property to pay the tax bill. When there is more than one heir, this becomes the only way to resolve the need to split assets among the heirs and also satisfy the government. That means the end of that business and the jobs which it may have provided. The impact is also devastating for families whose estates are property rich but cash poor. If the family’s assets are tied up in land or valuable family heirlooms or other real property it may be necessary to sell off the family’s heritage to pay the tax bill. Should I be forced to sell my parents’ furniture and the art they’ve collected over the years, including the bed my great-grandmother was born in, and family portraits in order to keep the house in which I grew up? That just seems needlessly cruel.
The second argument against an estate tax is that inheritance of wealth is one of the most effective ways of concentrating enough capital to start new businesses. Many, many small businesses came into existence primarily because a family inheritance gave someone the substantial lump of cash necessary to start their own business. If inheritances are larger that will mean the creation of more businesses and more of that money going out into the economy. And those new businesses will also create more jobs and that will do even more to stimulate the economy. Eliminating the estate tax is one of the most powerful possible ways to expand the job market and encourage economic growth.
Either way you look at it, continuing the estate tax is yet another effort from the Democrats which will weaken the economy and cost the country jobs. That they are taking this step suggests that they have no real interest in resolving the current economic crisis and I really can’t see it as anything but a deliberate and (yes, I’ll say it again) treasonous effort to drive the economy even further down so that they can create an environment of despair in which the people will finally give up their rights and welcome bigger and more invasive government as their savior.
All of these job-killing and economy-depressing initiatives, from massive bailouts and deficit spending, to health care legislation written by and for insurance companies and trial lawyers, to cap-and-trade and expensive green fantasies, to huge tax increases, are so poorly conceived and so destructive when we’re already in the middle of a recession, that they go beyond mere foolishness and can only be the intentional first steps on the road to tyranny.Powered by Sidelines