From Brain-Terminal.com: In 21st century America, the federal government’s key to every financial problem seems the same: people who are responsible with money are forced to foot the bill for the reckless. Bought a house you can’t afford? No problem! Everyone else will bail you out. Made a bunch of risky loans to people who can’t repay them? It’s an honest mistake. Just stand in line for some TARP money, courtesy of the American taxpayer. Can’t pay your credit card bill? It’s OK. Congress just passed a law shifting more of the burden onto persons who pay on time and in full. People who would never reckon of stealing from their neighbors don’t seem to mind using government for the same purpose. And what politician passes up an opportunity to buy votes using money earned by others? Unfortunately, pure democracy can abide such things, as long as the number of people receiving the loot is greater than the number of people whose property gets looted. Our political leaders know that the electoral math works out-for now-even if the economic math does not. Left unasked in all of this is an vital question: is it moral for politicians to use the unparalleled potential of the federal government to penalize certain people and reward others based purely on what’s politically well loved? Isn’t this why our country’s founders recognized that the liberty of the individual is distinct from (and must be coupled with) democracy, so as to prevent a tyranny of the majority? This depressing …
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