Liberalism: suicide by…greed
Given that poorer citizens always outnumber the rich, political philosophers have long worried that government based on majority rule could lead to organized theft from the wealthy by the democratic masses. “If the majority distributes among itself the things of a minority, it is evident that it will destroy the city,” warns Aristotle.The founders of the United States were deep students of politics and history, and they shared Aristotle’s worry. Up through their time, history had shown all known democracies to be “incompatible with personal security or the rights of property.” James Madison and others therefore made it a “first object of government” to protect personal property from unjust confiscation. Numerous provisions were included in the Constitution and Bill of Rights to protect the property rights of citizens.
Given that one of the causes of the American Revolution was a tax, the founders understood very well that taxation could become a way for one group to prey on another. So while the Constitution empowered the federal government to levy taxes, it limited this power mostly to indirect taxes like tariffs, duties, and excise taxes. For much of American history the federal government subsisted solely on those fees.
And so on.
John Milton on the government’s role in the bailout
“Chaos Umpire sits, And by decision more imbroils the fray. By which he Reigns.”
