The Fallacy of Statist Financing
Bill Quick

Tax credits and children: Parents should pay lower taxes, and childless people should pay higher taxes.

. I believe this even though I also believe a not inconsiderable share of my tax dollars are essentially being set on fire by our frighteningly incompetent government. Leviathan is here to stay, whether I like it or not, and someone has to pay for it. That someone should be me, and people like me.

Don’t waste a moment’s thought on the ridiculous subect of the article – it’s just another helping of ridiculous Slate click-bait.  Do, however, consider the observation about Leviathan – it is a favorite mantra among statists of every persuasion.

The state is here – somebody has to pay for it.  This is the operating principle behind statism itself: Build it, and they will have to pay for it.

Except we aren’t paying for it, because we can’t.  Instead, we are pretending to pay for it by borrowing future worthless dollars (yes, by the time debt payoff day arrives, the dollar will be a worthless currency) and nominally bankrupting our future generations to pay for our state today.

Except those generations won’t be bankrupt.  The state we built will be bankrupt far sooner.   This is the fallacy at the heart of the “build it and they must pay for it” strategem:  “Must” implies there are no other alternatives.  But of course there are, and bankruptcy is the most inevitable of them.  What can’t go on, won’t.  Even the most dedicated statists have never found a way around that one.

Posted in Bankruptcy permalink
Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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