Financial Servitude

 If you are of Scottish or Irish heritage, your ancestors experienced something called indentured servitude. It was the politically correct word for slavery, as slavery was against the law in Great Britain. The concepts are the same. You loose your freedoms for a period of time or for life.

The country of Australia was populated in large part by indentured servants and criminals from Ireland and Scotland. The English used the new world of America as the dumping ground for these indentured servants until it became obvious in the early 1700’s that they were feeding a population that may some day rise up against them.

As immigrants my forefathers have had simple aspirations, Freedom to make of your life what you were willing or capable of. They left a world that was ruled by nobles, or elites as we would call them today. You lived on a piece of land that you were obligated to pay a percentage or a fixed tax to stay on. You never really owned the land, you were merely occupying it as the whim of the noble.

They came to a new land, and with help of our Founding Fathers, a land of free men was born. One of my Fathers aspirations in life was to own his own home. I mean have it paid off so you do not owe anything to anybody. Because of the greatness of the United States he realized his dream of home ownership, he was able to pay off the mortgage.

Many years later, he and I were talking about my first home purchase. He said that even though he had paid off the mortgage he still did not own his home. The taxes still needed to be paid, or as we all know the government will confiscate the house for not paying the taxes. He will need to pay these taxes until the day he dies, or sells the house. Either way he cannot live there without paying the nobles, in this case the government.

Are we really better off? Have we betrayed our forefathers? Was the sacrifice they all made, the hardship of leaving the land and people they had known all their lives, all for nothing?

 

“The amount of money involved [in the stimulus bill is staggering. With 90 million tax filers who actually pay taxes, the $787 billion means the average taxpayer will pay over $8,700. By itself, adding $8,700 to the average tax bill should get everyone's attention. But that is on top of everything else that we are spending this year. ...[T]his year’s deficit is already at about $1.7 trillion — almost $19,000 per taxpayer.” –economist John Lott

 

That is today and you now owe the government $19,000 dollars. If you don’t live long enough , or if you do not have children, no worries, someone else’s children will have to be the indentured servants.