"An economy cannot long remain prosperous by government's taxing and spending more, now absorbing national output at a rate equal to the entire income of every American living west of the Mississippi. If this trend continues, America will gradually sink into the status of a Third World nation -- more unemployment, more shackles on production, more poverty."
by:
John Hospers
(1918-2011) Professor Emeritus of Philosophy at the University of Southern California, author
Rating:
Categories:
 
Bookmark and Share  
Reader comments about this quote:
Four more years of the Obama gang and we will be that third world country.
 -- jim k, Austin, Tx     
  • 1
  •  
     -- John Priller, Hobbs, NM      
    The best description of "Fundamentally Changing This Country" I have heard.
     -- Ken, Spokane     
  • 1
  •  
     -- Mike, Norwalk      
    Harry Hopkins was the aide to Franklin D. Roosevelt who said: "Elect, elect, elect, tax, tax, tax, spend, spend, spend, the people are too damned dumb to under-stand." Can YOU understand that elect-ions change nothing but the faces of fascists, it is impossible to pay taxes with credit, the Fed said their system works us "only with credit" and that our Marxist misleaders have no need for money when all of us are risking our lives for weightless, God forbidden credit. De, 25:13-15 Hosea 4:6 www.morpix.biz/x4
     -- Winsmith, Anywhere USA     
  • 1
  •  
    I think it was Churchill who said something like - trying to tax your way into prosperity is like standing in a bucket and trying to pull yourself up by the handle. It doesn't work, and in fact it's an insane notion.
     -- J Carlton, Calgary     
  • 1
  •  
    The fiscal law that is endowed from eternity will always reign supreme. The financial laws of nature and of nature's God are not mocked. Enforcing a maleficent's anti-law image, being inharmonious with true and substantive charity (feeding the hungry, clothing the naked, financing the indigent, housing the homeless, liberating the captive, etc.) while enlarging armies (violating the noble being - man, by a local to international police state) for the purpose of strengthening dominance of the statist theocracy and its dogmas will always end in pain, destruction and poverty.
     -- Mike, Norwalk     
  • 2
  •  
    This is how you conquer a nation. Note, however, now that nearly all the nations on Earth are dependent upon this money system (debt-as-capital), it is merely a hot potato game -- somebody is going to get stuck. The job of the IMF/World Bank is to regulate the inevitable economic crashes this money system MUST produce in order to balance. The 'Asian Flu' crashed the yen, Canada's currency took a dive a couple decades back, Brazil, Europe -- that's why the Euro came in -- and China. The math cannot be faked, sooner or later the debts far exceed real capital. Eventually the currency becomes worthless. This happens over and over and over -- the US is in a perpetual state of bankruptcy, and every 20 years the bankers cull the herd of their capital. They then sell it back (on credit), and the process repeats. As long as we use interest-bearing debts as money, the more money you acquire, the more debts you are holding -- and we have little to no alternative. Anything we put our money in is taxed as property (if it has any significant value). Why? Because we haven't really purchased anything because we haven't traded for it with something of substance. These notes are supposed to be temporary and are to be substituted with the real thing eventually. So technically, we haven't fulfilled the debt obligation for the property we have in our possession. We are liable for the property, but we do not actually own it. We have an equitable-interest perhaps, but this is a commercial instrument and like everything else in the land of paper tigers, it is like a poker chip -- it is not real property held in allodium. Essentially, all the money and property of the world has been claimed, and there is no way to actually acquire full rights to one's property. So even the property we 'purchase' is still not ours and thus rent is due (taxes) to the money issuer as a condition of its use. It's a Monopoly game, and it is run by the banker -- in the end, all the pieces go back in the box...
     -- E Archer, NYC     
  • 2
  •  
    Archer, thank you, very well said !
     -- Mike, Norwalk     
  •  
    Manipulation of the natural law of economics to benefit the few. That is why you hear so little of natural law and our Declaration of Independence. Dumbing down the masses. Thank you !! Archer. Sound and clear mathematics.
     -- Ronw13, Yachats Or     
  •  
     
    Rate this quote!
    How many stars?
    0
    1
    2
    3
    4
    5

     
    What do YOU think?
    Your name:
    Your town:
        CLICK JUST ONCE!

    More Quotations
    Get a Quote-A-Day! Free!
    Liberty Quotes sent to your mail box.
    RSS Subscribe
    Quotes & Quotations - Send This Quote to a Friend

    © 1998-2019 Liberty-Tree.ca