“I sincerely believe…that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”
--Thomas Jefferson to John Taylor, 1816
When we no longer possess the public courage which is nourished by the love of independence and a sense of national honor and sovereignty we will become so apathetic that we no longer care enough about our way of life to defend it, we will no longer have an unsustainable foundation for any society.
--Paraphrased from Gibbons , The Decline and Fall of Rome”
A society that seeks to equalize the minds of men doesn’t cherish real learning. Education becomes the right of the elite and the masses must then accept their interpretation of needs and events. A society that seeks to equalize incentives for work doesn’t cherish individualism.
Heavy taxes eat away at the incentive to work hard, robbing every one of their motivation, drive, and individual initiative. This leads to less risk-taking entrepreneurship, lower economic growth, fewer jobs, and, generally speaking, a society that is forced to fund itself via debt rather than productivity.
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