Proverbs 19:4 – “Wealth maketh many friends; but the poor is separated from his neighbour”
Old Saying: Nothing Is Free
Everyone loves getting free money from the state! There’s an old saying, nothing is free!
Governments, like individuals, can spend liberally with great generosity, or they can be frugal.
Everyone receiving government money loves the state’s free-spending generosity, as it is “free money” to the recipients.
But there is no such thing as truly “free money.
Taxes and the inflation that comes with free spending both rob everyone, while the state’s generosity is a political process that necessarily distributes the largesse asymmetrically.
Everyone loves getting “free money” from the state until the bill comes due.
The decay of purchasing power (i.e. inflation), higher taxes and fees are at the front door!
There is a false belief that we will grow our way out of debt.
To the degree that “growth” is a function of skyrocketing debt, this fantasy feeds on itself: borrowing and spending soar and so does growth.
Everyone loves a generous government until they have to pay for it–and we all eventually pay for it one way or another.
Conclusion
Frugality and responsibility never sells to the masses who want it easy and free right now.
Not everyone enjoys a generous government. I for one enjoy a Theocracy government that is God Yahweh.
There are only two kinds of people, those who want to live off their neighbors, and those who want to be left alone.
America doesn’t have a tax revenue problem, it has a spending problem.
In the end, the value of every form of a nation’s currency does ultimately resolve to value of its labor.
As always, keep Yahweh first, stay free, pay down your debt and prepare. Shalom.
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They are going to start taxing assets, because that’s where the real money is.