10 Points Americans Must Understand About the Economy

Government cannot create wealth. All it can do is take money from some people and redistribute it to others. Every dollar the government uses must be taken from the private economy. Printing money to pay for things as we noted merely devalues your dollars, effectively taxing you. Government financing through debt represents a claim on your wealth, a tax which as noted may be paid directly or indirectly. Thus, while federal, state and local taxes may appear on a historical basis relatively low, the tax rate is deceptively masked by excluding government bilking through inflation and debt. In addition, all government enterprises ultimately fail because government is not subject to the profit and loss mechanism of the market and thus does not respond to the demands of consumers, amongst other reasons. In the process of failing, government wastes resources that could be better put to use by private individuals. Government is a wealth killer, not a wealth creator.

The government knows more tricks than you about theft and chicanery. It's time we caught on to the shenanigans.