A Quote by Mark Skousen
Life is full of joys and sorrows, much of it our own making. Sadly, the West has voted time and time again for bigger government, more inflation, higher taxes and excessive regulation - all policies that have kept us from Adam Smith's vision of an opulent society.
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There are several states that move from Karl Marx-like policies to Adam Smith-like policies and back again in a weekend. So for the states with huge volatility in their income tax policies over time, the differences in growth rates in those periods are really amazingly consistent with tax rates really mattering.
Certainly, the job of a U.S. senator is to create a climate conducive to creating jobs, which is lower taxes and less government regulation. What Harry Reid has been doing is putting forward those policies that actually put more regulation on business.
When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.
We pick our own sorrows out of the joys of other men, and from their sorrows likewise we derive our joys.
It's time to acknowledge that more government and higher taxes is not the answer to our problem.
The bad consequences of a government program usually don't show up immediately. And the delay may be long enough to hide the connection between the program and its results. So government never has to say it's sorry - never has to take responsibility for ht misery it causes. Instead it can blame everything on personal greed, profit-hungry corporations, and the 'private sector.' And the government's cure for the problems is to impose bigger programs, more regulation and higher taxes.
Those policies - more taxes, more regulation, more debt, more spending, more government - will make American worse. It just will, in my view.
For Al Gore and Paul Ehrlich and Co., whatever the problem, the solution is always the same. Whether it's global cooling, global warming, or overpopulation, we need bigger government, more regulation, higher taxes, and a massive transfer of power from the citizens to some unelected self-perpetuating crisis lobby.
The mind is very wild. The human experience is full of unpredictability and paradox, joys and sorrows, successes and failures. We can't escape any of these experiences in the vast terrain of our existence. It is part of what makes life grand-and it is also why our minds take us on such a crazy ride. If we can train ourselves through meditation to be more open and more accepting toward the wild arc of our experience, if we can lean into the difficulties of life and the ride of our minds, we can become more settled and relaxed amid whatever life brings us.
Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up, more jobs are lost.
If each man or woman could understand that every other human life is as full of sorrows, or joys, or base temptations, of heartaches and of remorse as his own . . . how much kinder, how much gentler he would be.
It can only be by blinding the understanding of man, and making him believe that government is some wonderful mysterious thing, that excessive revenues are obtained. Monarchy is well calculated to ensure this end. It is the popery of government; a thing kept up to amuse the ignorant, and quiet them into taxes.
Instead of focusing on growing jobs and reigniting our economy, President Obama focused on growing government and tried to remake the United States into the image of the debt-laden countries of Europe. His approach has been more spending, more regulation, and higher taxes.
But Adam Smith was a philosopher as well as well as an economist, famous in his time as much for his Theory of Moral Sentiments as for The Wealth of Nations. And as he understood so well, society is more than the sum of its individual parts.
We rejoice in God since he has taught us that every thing which is true in us, is but a faint expression of what is in him. And thus all our joys become to us the echo of higher joys, and our very life is as a dream of that nobler life, to which we shall awaken when we die.
Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.
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