Confiscatory Statism Is Not Just A Mistake, It’s An Abomination

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Posted: Nov 13, 2018 10:33 AM
Confiscatory Statism Is Not Just A Mistake, It’s An Abomination

Wealth must be created and generated by the citizenry of the United States, and American’s exceptionalism boosts the ability of people to greatly enhance wealth creation while strengthening their incentive to excel.  Government can only consume or destroy wealth.  Economist Joseph Salerno states this accurately when he postures that government “can only supply welfare to some by siphoning off the resources and destroying economic arrangements that support the welfare of others.”[1]

In fact, economist Walter Williams explains how the government has confiscated significantly more of our wealth over the past century; which is, not only against the founding principles of our country, but a large part of why the United States has such a massive debt.[2]  Williams writes:

Since the 1791 ratification of our Constitution, until well into the 1920s, federal spending as a percentage of gross domestic product never exceeded 5 percent, except during war.  Today federal spending is 25 percent of our GDP.  State and local government spending is about 15 percent of the GDP.  That means government spends more than 40 cents of each dollar we earn.  If we add government's regulatory burden, which is simply a disguised form of taxation, the government take is more than 50 percent of what we produce.[3]

Government confiscation is a massive amount of wealth destruction and at its current level and manner of confiscation violates Natural Law, the Declaration of Independence, and Article 1, Section 9 of the Constitution.[4]  It is a complete abomination against our divine, sovereign right of property as stated per the Declaration of Independence, which actually doesn’t establish those rights, it only confirms those rights which pre-existed the Declaration; as they come directly from God – “the Laws of Nature and Nature’s God entitle them,” “We hold these truths to be self-evident,” and “are endowed by their Creator with certain unalienable Rights.”

In his Farewell Address, President George Washington scourged debt, especially peacetime debt, as against the nation’s “strength and security,” stating, “avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but vigorous exertions in time of Peace to discharge the Debts which unavoidable wars have occasioned, not ungenerously throwing upon posterity the burden which we ourselves ought to bear.”[5]

The acknowledgement of government’s wealth destructive nature is commonly known among Austrian economists and many Americans.  “[T]he state contributes absolutely nothing to our well-being; it massively subtracts from it,”[6] notes Lew Rockwell of the Mises Institute.  Government can only destroy wealth, which is the one of the major reasons for limited government – limit the amount of wealth destruction the government causes.   Most of those in government, especially the progressive statists always believe they can “end business cycles, bring about social advance, build the middle class, cure disease, bring about universal security, and much more.  Fascism believed in itself.”[7]  Lew Rockwell goes on to say:

That statism does not work and cannot work.  Statism is the great lie.  Statism gives us the exact opposite of its promise.  It promised security, prosperity, and peace; it has given us fear, poverty, war, and death.  If we want a future, it is one that we have to build ourselves.[8]

[1] Ludwig von Mises, 1990 (originally published 1920), Economic Calculation in the Socialist Commonwealth, Postscript: Why a Socialist Economy is “Impossible” by Joseph T. Salerno, (Auburn, AL: Ludwig von Mises Institute), [http://mises.org/econcalc.asp], p. 67.

[2] The national debt is over $21 trillion dollars at the time of this writing.  Reference [http://www.usdebtclock.org/].

[3] Walter E. Williams, May 29 2013, “Americans Deserve the IRS,” Townhall.com, [http://townhall.com/columnists/walterewilliams/2013/05/29/inority-view-n1607099/page/full].

[4] See Walter E. Williams, May 29 2013, “Americans Deserve the IRS,” Townhall.com, [http://townhall.com/columnists/walterewilliams/2013/05/29/inority-view-n1607099/page/full].

[5] George Washington, September 17, 1796, “Presidential Farewell Address.”

[6] Llewellyn H. Rockwell Jr., October 7, 2011, “The Fascist Threat,” Mises Daily, (Auburn, AL: Ludwig von Mises Institute), [http://mises.org/daily/5752/The-Fascist-Threat].

[7] Llewellyn H. Rockwell Jr., October 7, 2011, “The Fascist Threat,” Mises Daily, (Auburn, AL: Ludwig von Mises Institute), [http://mises.org/daily/5752/The-Fascist-Threat].

[8] Llewellyn H. Rockwell Jr., October 7, 2011, “The Fascist Threat,” Mises Daily, (Auburn, AL: Ludwig von Mises Institute), [http://mises.org/daily/5752/The-Fascist-Threat].