Thursday, November 10, 2011

Taxing Christmas

The government is now taxing Christmas in order to pay for its wrecking of the economy.

In the pre-dawn darkness of a chilly LA morning, my day started off with a chuckle. A friend in the reforestation business sent me an email detailing the US Department of Agriculture’s new ‘Christmas Tree’ tax that was approved yesterday. I thought it was a joke. It wasn’t.

One can only laugh at the absurdity of the government getting involved in such a matter. But it’s happening more and more.

You see, the United States is on a one-way collision course with its financial judgment day; the country long ago passed the historical point of no return– the point at which it has to start borrowing money simply to pay interest on the money it has already borrowed.

Throughout history, countries that passed this point of no return soon defaulted on their debts, entered into extended periods of severe inflation, or both. This is nothing new– the idea of a government going bankrupt is practically as old as the concept of government itself.
The free lunch is over.

Cross Posted at Classical Values

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