Posted Feb 2, 2019 by Martin Armstrong
COMMENT: Mr. Armstrong, I just went to see Les Miserables with my wife. I was really moved for it was indeed how history repeats. It just seems we always end up in the same position because government never changes.
ANSWER: Unfortunately, socialistic governments pretend that they are taking your money for your own benefit. The excuses are endless. Nevertheless, they constantly oppress the people by taking an ever increasing portion of their net disposable income, crushing them into the dust. The motives seem to change, but the end is always the same. This is why the Founding Fathers forbid direct taxation. That was such a critical deterrent to prevent revolution. The governments followed Marx at the beginning of the 20th century, and then convinced themselves that they were doing it to care for the people. In the process, they paid themselves pensions that no one else could possibly attain. Forbidding direct taxation was the only possible way to prevent the recurrence of revolution.