A Prayer for the Old Tax

I should present some scathing attack about this Piece, but will only mildly suggest One does not want a Barber to do brain surgery, though he is often close to the area, and possesses most of the requisite tools. The Fed has as task only the provision of Nutrients; nobody has ever before suggested they be licensed to proscribe Drugs–whether they be Stimulants or Depressants. There seems to be a real confusion of Roles here, and a complexion bound to dilute all possible policies undertaken. The Federal Reserve Board may see themselves as the Cavalry coming to the rescue of the Settlers from the horrors of Recession attack, but I think We should skip the Saturday Matinee.

Dani Rodrik appears to use misquotes of Larry Summers, to again misquote Larry Summers. Mr. Summers’ basic Contention (which I could misquote) establishes the Truism that Globalization creates unequal Prosperity leading to Income Inequalities, and that some effort should be undertaken to preserve the Income balance for Those not directly connected with Global Trade. This basically says that Native industries have the same right to thrive as do Global industries, and Native industries pay noticeably higher taxes, larger Rents, and must finance the entirety of the native Transportation infrastructure. I am not a great Fan of Protectionism, or am I a believer in the innate evil of the Substance. Reasonable Tax upon Imports may seem like Protectionism, and I will not quibble about definitions; but a unity of Social Cost imposed upon all Product seems like a rational hue as well.

One can, of course, adopt the ideation that any form of Taxation is Theft. This might seem somewhat amusing, if not for the fact several individuals are quite serious about the entire matter. I might agree with them that the only Good Government is a Dead Government, but this venue has several distractions: one, the claim that the Government is already Dead and beginning to smell; two, cessation of Government Payrolls and Social Welfare benefits will lead to wild bands of beggars spreading out across the Country, and settling in one’s front yard; and three, the immense Business Cost of added Security personnel Payrolls, coupled with the fact that only those Businesses with weaker Security Services would pay their Bills at the end of the month. It might only be a skewed personal outlook on life, but I believe some form of Taxation is better than no Taxation; check out the Movie classic–The Magnificent Seven–all the Problems of a lack of Taxation can be found. lgl