Submitted by Charles Hugh-Smith of OfTwoMinds blog,
So has local government debt.
Promises were made to local government employees by craven, bought-and-paid-for politicos that cannot possibly be honored in a stagnating economy with widening wealth inequality. But rather than deal forthrightly with that reality, local government has pursued a strategy of legalizing looting.
From the point of view of the hapless tax donkeys and debt-serfs being looted, this strategy boils down to a stark threat: Pay Our Pensions Or We’ll Throw You in Jail.
Here’s the deal: government is supposed to serve the people, not the insiders. Please read the above news stories; can anyone claim that legalized looting is OK because the “ends” (public services) justify the “means” (legalized looting)? How many public employees care about where the money that funds their paycheck, pension and healthcare benefits comes from?
Maybe public employees should start caring about where the money is coming from, because taxation approved by elected officials or direct voter approval is one thing, and legalized looting is another. If you don’t care that your pay/pension/benefits may be partly funded by legalized looting, perhaps you should start caring.
Remember that we (the general public) can’t pull you over and “legally” steal your cash, nor can we order Wells Fargo to go into your bank account and “legally” steal your money without court review, evidence of wrongdoing or recourse. We can’t award private collection agencies the powers reserved for representative government and rig the probation system into a cash cow that benefits us.
Please don’t trot out the “good German” excuse: I only take orders. You’re the ones who are pulling the levers of the legalized looting machine; us tax donkeys and debt-serfs are on the receiving end. Given that special interests own the state legislatures, the tax donkeys and debt-serfs have only three choices: opt out, move out or stop paying, and fill your modern debtors’ prisons to the brim.