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To: long-gone who wrote (70470)5/27/2001 10:29:15 AM
From: goldworldnet  Respond to of 116752
 
Government: Arbitrary And Goofy - But Better Than Most
By Doug Casey

The problem with a government - any government, because it's the nature of the beast - having substantial revenue is that it will fritter, dissipate, siphon and misallocate it away; it's completely inevitable, certain and predictable. That's because governments necessarily do things that are politically productive rather than economically productive. They don't respond to profits (which indicate new wealth is being created), but to popularity (which usually indicates lots of people are getting something for nothing, a condition which leads to bankruptcy). A patriotic citizen in any country will, therefore, do his best to deny revenue to the State; only an idiot (or the typical voter/taxpayer) supplies the hangman with a noose.

dailyreckoning.com

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