Guest Post: Italy And The Great Tax Revolt
by James Miller
Taxation is theft.
There is no denying this. If I and a few brutes appeared at the door of an unsuspecting individual and demanded monetary compensation less we drag him off to jail, this would be a clear cut case of robbery. It is a common tactic used by mobs or street gangs to offer protection with the barrel of a gun. The only difference between shakedowns by private thugs and those employed by the state is the badge. The badge legalizes extortion and imprisonment.
With that being said, it has been three years since the financial crisis and governments around the world are still reeling in the lesser Depression. Tax collections are down while public expenditures have skyrocketed in a vain effort to stabilize the economy. Much of this mass orgy in spending has been financed by central banks printing money and the suppression of interest rates down to artificially low levels. This is the Keynesian remedy to recession. Spend what you don’t have via the printing press. Have central bankers create paradise on Earth through counterfeiting.
So far it hasn’t worked.