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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.03+3.0%Nov 7 4:00 PM EST
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To: Mark Bartlett who wrote (5841)1/14/1998 8:14:00 PM
From: paul ross  Read Replies (3) of 116753
 
Mark-

Generally a transfer of money, government's taxing of some to create a benefit for others, does 4 bad things:

1.Diminishes the quality of life for those it extracts money from.
2. Creates an inefficient bureaucracy to handle the transfer of money that eats up an ever greater percentage of that transferred.
3. Punishes the recipients of the transfer by destroying the ability of them to do for themselves.
4. Creates an inefficient and oft times unnecessary industry in the direction of its transfer.

These 4 items attempt to describe an overall law or governance that presides over human action.
This is an immutable "law of nature". It's a principle like gravity or any law of physics. All socialistic/communistic societies have proved it by their decay and ultimate collapse, all great freedom based societies have proved it by their success, and by their failure when they chose to turn from it.

PR
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