The government lets us keep no more than 25 cents of every dollar we earn.Lest you think I exaggerate, consider this list of what you're forced to give to the government:
State income tax
Local income tax
Social security tax
Capital gains tax
Medicare tax
Disability tax
Corporate tax (passed on to you in the form of higher prices)
Tariffs on foreign goods (passed on to you in higher prices)
Sales tax
Property tax
Local business tax (Where I live, in
Utility taxes (phone, gas/electric, garbage, water)
User fees, for example, public college tuition, mass transit fares, park entrance fee
Car rental taxes
Hotel occupancy tax
Parking lot usage tax
Gasoline taxes
Bridge, tunnel, and road-use tolls
Passport fee
Airplane ticket taxes
Car registration fee
License fees (from profession to your pet, from a hunting/fishing license to a license to run a radio station)Gas guzzler tax
Parking meters
Real estate conveyance taxes (when you buy or sell, in addition to the aforementioned capital gains tax.)
Driving citations: The fees for parking and moving violations have become usurious: Where I live, $45 for a parking ticket, $250 for not coming to a full stop at a stop sign, and dare you get caught driving under the influence: $6,000 is the average cost.
Other citations: I got a $250 ticket for having my dog off-leash in an empty park!
Beverage container "deposit" (5 or 10 cents per bottle and can in most states--and who bothers to return them to reclaim the deposit?)
Additional taxes. For example, where I live, there are additional taxes for libraries, mosquito abatement, schools, ambulances, etc. Should not these basics already have been covered by the myriad other taxes we pay?
I’m sure we pay other taxes I’m unaware of or can't think of.
And President Obama wants even more of our money. He’s already pledged to increase taxes on the wealthy and he wants yet more from everyone. For example, he wants to increase the number of toll roads and his carbon tax (pleasantly called "Cap and Trade") will increase the cost of anything that contains carbon, which is practically everything: for example, plastics, gasoline, even skin cream.
Most neutral observers insist that Obama’s mammoth deficit budget and projections for yet more bailouts and “stimulus” spending will force further tax increases, including to the middle class.
By one estimate, President Obama's current budget will cost the average taxpayer $25,573.48 in federal income tax alone.
In addition, as the New York Times reported today, the Obama administration is printing money "at the fastest rate in its (the Feds') history" to, today alone, "pull vast sums of money ($1 trillion) out of thin air." This deflates the value of every dollar we manage to have saved.
To help you answer that question,
Companies would thus sprout up to provide services the public would be willing to pay for: roads, mass transit between highly-traveled places. The public would likely be willing to give the government some carefully monitored money to provide national defense and law enforcement and probably a safety net for people truly unable to support themselves on their own or through private charities. Schools, like most services currently provided by the government, would likely be private--no massive bureaucracy, which means most dollars would go directly to the classroom. Social Security probably wouldn't exist--a recent survey found that, if given a choice, half of people would opt out and simply rely on themselves to save money in a better investment vehicle than Social Security. (which is not hard to find.)
So imagine an America in which we got to keep 90% of what we earned rather than 25% and in which we had more choice in what services would be publicly or privately provided. Do you believe America would be better or worse than the America Obama is creating?


