Posts Tagged ‘Property Rights’
My grandparents sacrificed and saved for years so they could have a comfortable retirement and still leave an inheritance for their children. They succeeded. They live comfortably independent well into their 80′s, and left a legacy to be proud of. We used to call this responsibility.
According to the Obama administration, however, people who make wise retirement choices need to be reigned in. The government should decide how much you can save, and how “comfortable” your retirement lifestyle is permitted to be (keep in mind that with today’s lifespan, an average person can live up to 20 or 30 years after they retire, which means they need to save MORE than previous generations, not less).
As far as the Left is concerned, there is no such thing as private property. There is only what the ruling class “allows” you to keep.
What President Barack Obama has planned in his upcoming budget, while not exactly a Cypriot-style, government-based raid on private savings accounts, comes too close for comfort. As widely reported Monday, the Obama budget document – which is already a month late – will include a new proposal to limit the total amount an individual can put aside in tax deferred retirement savings like 401Ks and IRAs to an amount sufficient to generate an annual income in the golden years of less than $250,000 per year.
Why do it? According to a senior administration official, The Hill reported, “wealthy taxpayers can currently ‘accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.’”
Who says? It is true that some people use retirement savings plans as a form of tax avoidance, but tax avoidance was, the last time anyone checked, still legal. Major corporations that have the imprimatur of approval from the Obama administration like General Electric and General Motors do it all the time.
What the White House may propose is not a matter of fairness, as the president and his allies are sure to cast it, but one that strikes at the heart of the right to keep for ourselves the product of our hard work.
To Obama, that idea that some may have saved more than others for their retirement is unfair, So is the idea, apparently, that some people make more than others. It’s class envy at its most ugly, designed to appeal to the more than 40 percent of Americans who pay no income tax and who voted for the president in 2012.
It is not a legitimate function of government to determine when a person has saved enough for retirement. “Enough” is a nebulous word just like “rich.” If a cap is in the offing in the near term, can confiscation, a la Cyprus, be far behind?
It’s theft. Pure and simple.
The foundation for the housing crisis was laid with the Community Reinvestment Act in 1977, where the government took it upon itself to encourage home ownership by pressuring banks to lend to lower-income buyers, often to meet arbitrary racial quotas. Obviously they haven’t learned a thing from where that got us.
Would it surprise anyone to learn that as a lawyer, Obama sued banks to force them to issue subprime loans? He also worked for ACORN, which specialized in using the Community Reinvestment Act to shake down banks and pressure them to loan money to low-income minorities or face “discrimination” charges.
According to the Washington Post, the Obama administration is pushing big banks to make more home loans available to Americans with bad credit – the same kind of government guidance that helped blow up the housing market:
In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.
Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.
Think about this statement. The administration is asking banks – banks that Washington bails out; banks that Washington crafts regulations for — to embrace risky policies that put the institution and its investors (not to mention, all of us) in a precarious position. So precarious, in fact, that banks have to ask government if they can be freed of any legal or financial consequences.
What could possibly go wrong?
These types of government policies initially emerged the mid-1970s, when “progressive” Democrats in Congress began a campaign to help low-income minorities become homeowners. This led to the passage, in 1977, of theCommunity Reinvestment Act (CRA), a mandate for banks to make special efforts to seek out and lend to borrowers of meager means. Founded on the premise that government intervention is necessary to counteract the fundamentally racist and inequitable nature of American society and the free market, the CRA was eventually transformed from an outreach effort into a strict quota system by the Clinton administration. Under the new arrangement, if a bank failed to meet its quota for loans to low-income minorities, it ran the risk of getting a low CRA rating from the FDIC. This, in turn, could derail the bank’s efforts to expand, relocate, merge, etc. From a practical standpoint, then, banks had no recourse but to drastically lower their standards on down-payments and underwriting, and to approve many loans even to borrowers with weak credit credentials. As Hoover Institution Fellow Thomas Sowell explains, this led to “skyrocketing rates of mortgage delinquencies and defaults,” and the rest is history.
The CRA was by no means the only mechanism designed by government to impose lending quotas on financial institutions. For instance, the Department of Housing and Urban Development (HUD) developed rules encouraging lenders to dramatically hike their loan-approval rates for minority applicants and began bringing legal actions against mortgage bankers who failed to do so, regardless of the reason. This, too, caused lenders to lower their down-payment and income requirements.
Moreover, HUD pressured the government-sponsored enterprises Fannie Mae and Freddie Mac, the two largest sources of housing finance in the United States, to earmark a steeply rising number of their own loans for low-income borrowers. Many of these were subprime mortgages—loans characterized by higher interest rates and less favorable terms in order to compensate lenders for the high credit risk they were incurring.
Additional pressure toward this end was applied by community organizations like the pro-socialist ACORN. By accusing banks—however frivolously or unjustly—of having engaged in racially discriminatory lending practices that violated the mandates of the CRA, these groups commonly sued banks toprevent them from expanding or merging as they wished. Barack Obama, ACORN’s staunch ally, was strongly in favor of this practice. Indeed, in a 1994 class-action lawsuit against Citibank, Obama represented ACORN in demanding more favorable terms for subprime homebuyer mortgages. After four years of being dragged through the mud, a beleaguered Citibank—anxious to put an end to the incessant smears (charging racism) that Obama and his fellow litigators were hurling in its direction (to say nothing of its mounting legal bills)—agreed to settle the case.
Forbes magazine puts it bluntly: “Obama has been a staunch supporter of the CRA throughout his public life.” In other words, he has long advocated the very policies that already have reduced the real-estate market to rubble. And now he is actively pushing those very same practices again.
Cyprus is only the first domino.
Cypriot President Nicos Anastasiades has struck a deal with the European Union and International Monetary Fund that will seize up to 40% of uninsured funds from wealthier depositors with over 100,000 euros and will not siphon funds from those below that amount.
The 10 billion euros ($13 billion) bailout plan calls for the Cyprus Popular Bank to be dissolved and all its viable assets transferred to the country’s biggest bank, Bank of Cyprus.
Presently, Cypriot banks have imposed a 100 euros ATM withdraw limit, and Cyprus border officials at air and sea ports have been ordered to confiscate the funds of any traveler attempting to leave with over 10,000 euros.
How dare they try to keep the money they worked so hard for and saved AFTER taxes were already paid on it? Don’t they know that private property is an illusion under Socialism? That the government is free to spend as irresponsibly as it wants, and can steal your money at will to pay the tab? That’s what they’ve been voting for all this time, right? Or didn’t they realize it?
Understandably, Cypriots are desperately trying to get their money out, but it’s too late:
The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests, but banks will remain closed until Thursday – and even then subject to capital controls to prevent a run on deposits.
The ruling class insists that stealing money out of their bank accounts is “in their best interests.” Doesn’t that make them feel better? They’ll be patriotic and happy to “share the sacrifice” for the greater good, right? Of course not!
Tyler Durden reports that there is a “Cash Exodus From Cyprus Surges Despite Bank Closures, Capital Controls“:
From FAZ, google translation edited:
Despite the closed banks and a lock for payments in the past week, more money flowed out of Cyprus than in previous weeks, Frankfurter experts report for payments. Prior to the escalation of the crisis in Cyprus accruing on the payment system Target liabilities of Cypriot central bank to the European Central Bank (ECB) had increased daily at approximately 100 to 200 million euros. In recent days was after Parliament the stabilization program initially had to fail, the daily has risen to more than double. Just in the last week so could cash assets have been withdrawn from Cyprus in the billions, although the Cypriot central bank has actually issued a lock.
How is it possible that cash is leaving the country even with a bank halt? It isn’t, unless of course, the banks aren’t really halted, and some outbound wire transfers, which are permitted, are more equal than other wire transfers which are stuck on the island. Of course, that would imply an “Europe Farm” type of arrangement, which in the bastion of fairness, equality and honesty which is Europe, would be absolutely impossible.
On the other hand, if indeed the drain of the Cypriot banking system has continued despite all the enacted halts during the past week, then it’s game over for Cyprus, which will soon have only the ECB to thank for providing liquidity, an arrangement that may not be the best long-term outcome for a nation whose economy has basically been gutted in the span of one week.
It also means game over for the bailout as envisioned, as the EUR17 billion is history, and much more cash will have to be injected to cover for the stealth outflows.
Cyprus won’t be the only one affected, of course. An unusually honest Eurozone official has made it clear that the EU will use the same confiscation tactics as Cyprus if things get worse (which of course they will):
Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.
The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.
The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, told the FT and Reuters that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.
Dijsselbloem tried to retract the statement after investors started panicking, but the damage is already done. Now the cat is out of the bag:
Translation: it now officially sucks to be an unsecured creditor in Europe. In other words: an uninsured depositor.
Why this ad hoc dramatic shift in the European approach to bank solvency, which if anything makes the link between bank and sovereign closer than ever, and crushes all that Draghi achieved in the summer of 2012?
Simple: because what Cyprus allowed was the effective usurpation of democracy - the only reason the Cypriot bailout “passed” (at least so far) is because it was structured as a bank restructuring, a financial system “resolution”, not a tax,and thus not in need of a parliamentary, democratic vote. Because as Cyprus also showed, votes to deprive depositors of cash, whether insured or uninsured, simply won’t fly.
Hence the shift.
However, there is a problem: it means that depositors are now fair game everywhere, and that the ESM or EFSF, with their unlimited scope but “democratic” impleention pathway, are on the backburner.
And now, the scramble to pull uninsured deposits out of banks everywhere begins. Thanks to the new Eurogroup head.
“You ask for miracles, Theo. I give you Diesel-BOOM”
And now, every European depositor is going to their local financial dictionary to look up the definition of General Unsecured Claims, only to see a picture of… themselves.
Simon Black at Sovereign Man blog tells readers to “Expect These Eight Steps From The Government’s Playbook“:
To anyone paying attention, reality is now painfully obvious. These bankrupt, insolvent governments have just about run out of fingers to plug the dikes. And history shows that, once this happens, governments fall back on a very limited playbook:
As Cyprus showed us, bankrupt governments are quite happy to plunder people’s bank accounts, especially if it’s a wealthy minority.
Aside from bank levies, though, this also includes things like seizing retirement accounts (Argentina), increases in civil asset forfeiture (United States), and gold criminalization.
Just another form of confiscation, taxation plunders the hard work and talent of the citizenry. But thanks to decades of brainwashing, it’s more socially acceptable. We’ve come to regard taxes as a ‘necessary evil,’ not realizing that the country existed for decades, even centuries, without an income tax.
Yet when bankrupt governments get desperate enough, they begin imposing new taxes… primarily WEALTH taxes (Argentina) or windfall profits taxes (United States in the 1970s).
This is indirect confiscation– the slow, gradual plundering of people’s savings. Again, governments have been quite successful at inculcating a belief that inflation is also a necessary evil. They’re also adept at fooling people with phony inflation statistics.
Governments can, do, and will restrict the free-flow of capital across borders. They’ll prevent you from moving your own money to a safer jurisdiction, forcing you to keep your hard earned savings at home where it can be plundered and devalued.
We’re seeing this everywhere in the developed world… from withdrawal limits in Europe to cash-sniffing dogs at border checkpoints. And it certainly doesn’t help when everyone from the IMF to Nobel laureate Paul Krugman argue in favor of Capital Controls.
Wage and Price controls
When even the lowest common denominator in society realizes that prices are getting higher, governments step in and ‘fix’ things by imposing price controls.
Occasionally this also includes wage controls… though wage increases tend to be vastly outpaced by price increases.
Of course, as any basic economics textbook can illustrate, price controls never work and typically lead to shortages and massive misallocations.
Wage and Price controls– on STEROIDS
When the first round of price controls don’t work, the next step is to impose severe penalties for not abiding by the terms.
In the days of Diocletian’s Edict on Prices in the 4th century AD, any Roman caught violating the price controls was put to death.
In post-revolutionary France, shopkeepers who violated the “Law of Maximum” were fleeced of their private property… and a national spy system was put into place to enforce the measures.
Despite being completely broke, governments will dramatically expand their ranks in a last desperate gasp to envelop the problem in sheer size.
In the early 1920s, for example, the number of bureaucratic officials in the Weimar Republic increased 242%, even though the country was flat broke from its Great War reparation payments and hyperinflation episode.
The increase in both regulations and government officials criminalizes and/or controls almost every aspect of our existence… from what we can/cannot put in our bodies to how we are allowed to raise our own children.
War and National Emergency
When all else fails, just invade another country. Pick a fight. Keep people distracted by work them into a frenzy over men in caves… or some completely irrelevant island.
In Europe, “green” policies to eliminate nuclear and coal power for “green” alternatives worked so well that desperate Greeks and Germans resorted to stealing firewood from local forests to keep warm this winter.
Sadly, it doesn’t appear that Obama’s nominee has learned from their mistake. He insists that skyrocketing energy prices are just what we need to force people away from fossil fuels towards a gloriously “green,” utopian future:
President Obama’s Energy secretary nominee regards a carbon tax as one of the simplest ways to move the energy industry towards clean technologies, though he notes that government would have to come up with a plan to mitigate the burden this tax places on poor people, who would pay the most.
“Ultimately, it has to be cheaper to capture and store it than to release it and pay a price,” MIT professor and Energy nominee Ernest Moniz told the Switch Energy Project in an interview last year. “If we start really squeezing down on carbon dioxide over the next few decades, well, that could double; it could eventually triple. I think inevitably if we squeeze down on carbon, we squeeze up on the cost, it brings along with it a push toward efficiency; it brings along with it a push towards clean technologies in a conventional pollution sense; it brings along with it a push towards security. Because after all, the security issues revolve around carbon bearing fuels.”
Moniz position is not far from that of Energy Secretary Steven Chu before he took a job in the Obama administration. “We have to figure out how to boost the price of gasoline to the levels in Europe,” Chu said in 2008. Last year, gas hit $9 a gallon in Greece.
As if poor and middle class families aren’t hurting enough trying to make ends meet as it is.
It’s not a “tax.” It is government stealing money directly out of people’s bank accounts – money that was deposited AFTER taxes were already paid on it.
Socialism = theft, pure and simple. Christians who support Socialism need to go back study what the Bible has to say about debt, envy, and theft!
An 11th-hour deal with the EU, which has saved the Cypriot economy from the brink, will see investors with more than €100,000 in the nation’s largest banks forfeit a large chunk of their deposits.
The punishing deal – which has been approved by the eurozone finance ministers – will allow the country to receive the €10bn (£8.5bn) bailout it needed before the European Central Bank pulled funding and sent the island on the path to bankruptcy and a possible exit from the single currency.
Under the new agreement, all bank deposits under €100,000 will be secured and guaranteed by the state. The country’s second-biggest bank, The Popular Bank of Cyprus – known as Laiki – will be wound down whilst holders of deposits of more than €100,000 face big losses.
This will only end well for those who are prepared to take care of themselves and their families.
The Cyprus central bank decided to keep the banks closed until next Tuesday. The panic is building. This will build it even more.
The British media say the government is looking for Plan B. There is no Plan B.
There will be no tax on bank accounts, says the parliament.
Will there still be a bailout? The European Central Bank has said it will remove the life support tube on Monday. The head of the EuroGroup, which is a no-name committee of the eurozone’s finance ministers, said this: “I’m not sure that this package is completely gone and failed, because I don’t see many alternatives.” In short, “the Parliament had better reconsider.” Or else.
Or else what? Default? Cyprus’ departure from the eurozone? Do the Eurocrats want that? Do they want to risk a poster child for the PIIGS to imitate?
Meanwhile, panic builds. When the banks open their doors next week, they will face a true bank run. People now know: they cannot get their money. They never thought this could happen.
The central bank is playing kick the can. It is buying time. Maybe there will be a Plan B. Problem: if there is a Plan B, maybe the parliament will reject it. Then what?
A nation shuts down economically if its banks shut down. The banks can shut down in two ways: because of bank runs or by decree from the central bank. Today, the banking system has been shut down by decree.
The central bank cannot kick the can much longer. The economy will collapse without banks.
The British media are covering the story.
“We don’t have days or weeks, we have only hours to save our country,” Averof Neophytou, deputy leader of the ruling Democratic Rally party, told reporters as crisis talks in Nicosia dragged on into the evening.
The country’s two main banks – Laiki and the Bank of Cyprus – face potential failure if a bailout is not secured. One official told the Associated Press that Europe and the IMF were pressing for the two banks to be wound down. The Cypriot government was said to be considering the possibility of imposing capital controls amid fears that money would flood out of the country once its banks were reopened.
But if depositors cannot send their digital money out of the country, they can still demand currency. The effect is the same: bankrupt banks.
The central bank cannot print euros. It can bail out the system only if Cyprus pulls out of the eurozone. If it does, this will send a message to the PIIGS: “Get out. We did. Save yourselves. We did.”
Cyprus isn’t the only country facing serious fiscal consequences from unsustainable spending, unfunded liabilities and overwhelming debt.
Robert Romano explains “How the government will steal your savings under Dodd-Frank“:
The people of Cyprus care more about their life savings than propping up financial institutions that lost billions on poor investments in socialist governments’ debts. The idea that somehow they, and not the banks that made those decisions, should bear the brunt of those losses was always disconnected from reality.
Yet that is precisely the presumption the establishment has made — that rather than banks raising substantially more capital to address systemic risk, you and I should pay for bank bailouts — in response to the ongoing financial crisis that began in 2007, and has actually become the basis for such proposals considered all over the world, including the U.S.
In 2009, the G20 asked the International Monetary Fund (IMF) to come up with ways the financial sector might supposedly contribute to its own bailouts.
The IMF study released in 2010 essentially proposed two types of taxes: a levy on financial institutions to create a pool of bailout funds, and a financial transaction tax.
Interestingly, what the IMF came up with as a suggestion had already been implemented a few months earlier by the U.S. Congress in passing the Dodd-Frank so-called financial reform legislation.
Under Dodd-Frank, the Federal Deposit Insurance Corporation (FDIC) is allowed to charge assessments to about 60 bank-holding and insurance companies with $50 billion or more in assets to fund what is called an “orderly liquidation fund.” Really, it’s just a bailout fund allowing the government to take over systemically risky institutions, recapitalize them, and allow them to reenter the market under new management.
The law, as well as the IMF study, presumes that the financial sector will bear these costs. But as a Congressional Budget Office (CBO) analysis of a similar bank tax proposal by the Obama Administration at the time noted, “the ultimate cost of a tax or fee is not necessarily borne by the entity that writes the check to the government. The cost of the proposed fee would ultimately be borne to varying degrees by an institution’s customers, employees, and investors, but the precise incidence among those groups is uncertain.”
Meaning, the assessments would actually be passed on to and paid for by savers and consumers of financial products through the indirect taxation of higher bank fees and other financial transaction costs. Americans for Limited Government warned lawmakers about just such an outcome prior to the legislation’s passage as an affront to private property rights.
[...] At least in Cyprus the people’s representatives there actually had an opportunity to vote against such a levy. Whereas here, those fees are and will continue to be imposed by the banks with the blessing of government agencies — all without any vote in Congress.
It may happen sooner than anyone realizes. U.S. financial institutions are said to have as much $641 billion of exposure to financial institutions in Portugal, Ireland, Italy, Greece and Spain (PIIGS) according to the Congressional Research Service.
Should the Eurozone really break apart, and U.S. banks are caught in the crossfire, with the American people suddenly paying exorbitant fees for the “privilege” of conducting business electronically, they can decide for themselves whether this was a good idea.
That is, for Congress to outsource and give unlimited grant of its taxing authority to faceless bureaucrats acting in concert with an international banking cartel with the goal of bailing itself out of its own foolishness.
What is this, the Soviet Union? Neighbors narking you out to the cops because they don’t like a photo you posted?
New Jersey police and Dept. of Children and Families officials raided the home of a firearms instructor and demanded to see his guns after he posted a Facebook photo of his 11-year-old son holding a rifle.
“Someone called family services about the photo,” said Evan Nappen, an attorney representing Shawn Moore. “It led to an incredible, heavy-handed raid on his house. They wanted to see his gun safe, his guns and search his house. They even threatened to take his kids.”
Moore was not arrested or charged. [...]
Moore, of Carneys Point, is a certified firearms instructor for the National Rifle Association, an NRA range safety officer and a New Jersey hunter education instructor.
He recently posted a photograph of his son wearing camouflage and holding his new .22 rifle. The child has a New Jersey hunting license and recently passed the state’s hunter safety course.
“If you look at the picture, his finger isn’t even on the trigger – which is proper,” Nappen told Fox News. “If half of Hollywood could follow that rule we’d be thankful.”
Brown said their role is not to go out and search Facebook for photos of children holding weapons.
“In general our role is to investigate allegations of child abuse and neglect,” she said.
The family’s trouble started Saturday night when Moore received an urgent text message from his wife. The Carneys Point Police Dept. and the New Jersey Dept. of Children and Families had raided their home.
Moore immediately called Nappen and rushed home to find officers demanding to check his guns and his gun safe.
Instead, he handed the cell phone to one of the officers – so they could speak with Nappen.
“If you have a warrant, you’re coming in,” Nappen told the officers. “If you don’t, then you’re not. That’s what privacy is all about.”
With his attorney on speaker phone, Moore instructed the officers to leave his home.
“I was told I was being unreasonable and that I was acting suspicious because I wouldn’t open my safe,” Moore wrote on the Delaware Open Carry website. “They told me they were going to get a search warrant. I told them to go ahead.”
Moore took this photo of police outside his home.
Nappen told Fox News the police wanted to inventory his firearms.
“”We said no way, it’s not happening,” he said. “This is a guy who is completely credentialed and his son is also credentialed.”
The attorney said police eventually left and never returned.
[...] “To make someone go through this because he posted a picture of his son with a .22 rifle on his Facebook page is pretty outrageous,” he said. “Does that mean that anyone who posts a picture like that has to consent to a home inspection and a gun inspection? I don’t think so.”
Woman Arrested for “Terrorist Threat” for Reading Constitution In Protest of Property Taxes Doubling
View on YouTube
If this can happen to a law-abiding homeschooling mother, it can happen to you. Americans have no idea how many freedoms they’ve lost until they try to exercise them, and face the wrath of an elitist ruling class that seeks to punish those who challenge their unconstitutional abuses of power.
A New Jersey mother was arrested and told to turn over her guns after reading the Constitution and peacefully protesting at a tax dispute forum, she says.
Eileen Hart was with her husband Keith and her 7-year-old daughter on Saturday at the Gloucester Community Center to dispute a mandatory home re-evaluation that would roughly double her property value (and therefore dramatically increase her rates), objecting on multiple grounds. As an Orthodox Jew, she refused to have the inspectors in her home when her husband was away at work. As an American citizen, she objected to the seemingly arbitrary reappraisal, noting that she is not planning on selling her home and hasn’t renovated her kitchen in 30 years.
But at the forum, Hart was allegedly told that since she didn’t let the inspectors into her home, they had a right to “assume” its value under the New Jersey state constitution.
“How could they assume that my value had doubled when there is absolutely no housing market?” she asked TheBlaze rhetorically over the phone. “There is basically no GDP growth.”
After Hart started citing the Constitution, a representative of Appraisal Systems, Inc.– the company contracted by the state to conduct appraisals– started “freaking out,” she said, and called for Gloucester County tax assessor Robyn Glocker-Hammond.
“Sit down and shut up,” Hart said Glocker-Hammond told her, adding that she (Glocker-Hammond) was there to “enforce the law.”
“I didn’t see a badge,” Hart noted. “Her title is tax assessor, not law enforcement officer.”
[...] Glocker-Hammond then told her she had to leave the public forum and threatened to call the authorities, though Hart swears she never cursed or acted inappropriately.
That’s when things got serious.
[...] Much to her surprise, Hart returned home to numerous police cars, the officers asking if they could bring her in for questioning even though they did not have a warrant. She was not allowed to drive behind with her husband, but was forced to ride in the police vehicle.
Colavecchio had apparently told the police that Hart was “yelling and screaming” and threatened to return to the meeting with a gun.
But Hart told TheBlaze: “I did not use one curse word, I didn’t say the word gun, I didn’t swear, none of that. I aired my grievances in a public place to [tell] the government that I did not agree with what they were doing to me or to anybody else.”
Hart said she was doubly surprised when, instead of getting her side of the story, policehandcuffed her to a chair and charged her with “terroristic threats.”
She told TheBlaze with conviction:
“I have a 7-year-old daughter, I homeschool her. I would never risk going to prison for the rest of my life and lose everything. I have no criminal history, I have no history of drug abuse, no history of alcohol abuse, I have no history of mental illness, I have never committed a crime a day in my life. And because I used my First Amendment right I was arrested for it.”
After trying to “coerce” her into making a statement along the lines of “what he thinks happened,” Hart said the police sergeant informed her that if she didn’t turn over her firearms for “safe keeping,” her bail would be set prohibitively high and it was unclear how long she would have to remain in custody.
“[So I] sit in jail and my daughter doesn’t have a mother…?” she asked TheBlaze, implying that she didn’t really have a choice in the matter.
Hart turned over her two firearms and associated equipment, and was told that she’ll get them back “when this is all over.”
Cavuto: What’s happening in Cyprus could happen here
View at Fox News Video
In 1913, the 16th Amendment gave the federal government the power to tax American’s earnings for the very first time. Originally a 1% tax to pay for the war, it has ballooned into a confiscatory predator which continually siphons away your hard-earned money to feed the appetite of a government spending addiction that is never satisfied.
Since the immoral premise that government has a right to confiscate your earnings has gone unchallenged for the last 100 years, they now claim the right to steal your assets as well – property that you’ve acquired and invested in with after-tax dollars, through your own hard work an initiative. Nowhere is this more apparent than the recently instituted 3.8% Obamacare tax on home sales.
Think what is happening in Cyprus can’t happen here? It already is.
Cypriot lawmakers on Tuesday rejected a critical draft bill that would have seized part of people’s bank deposits in order to qualify for a vital international bailout, with not a single vote in favor.
The rejection leaves Cyprus’s bailout in question. Without external funds, the country’s banks face collapse and the government could go bankrupt. Nicosia will now have to come up with an alternative plan to raise the money: the government could try to offer a compromise bill that would be more palatable to lawmakers.
The bill, which had been amended Tuesday morning to shield small deposit holders from the deposit tax, was rejected with 36 votes against and 19 abstentions. One deputy was absent.
Too late. The threat has already been made. They have officially declared that they believe that the hard-earned money in private citizens’ bank accounts are fair game for the taking, and property rights are easily dispensed with when governments overspend. I wouldn’t trust them as far as I could throw them, and neither will most Cypriots!
The smart people will get their money out before they have another chance to try a scheme like this.
MP Nigel Farage is warning European investors to ”Get Your Money Out While You Can“:
In Nigel Farage’s first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union’s leadership “never did [he] think they would resort to stealing money from people’s savings accounts.” The simple fact is that they know they cannot let any country leave, no matter how small, for “once one country goes, the whole deck of cards will come tumbling down.” There is now “clear irreconcilable differences” between the North and the South of Europe and now that they have done this in one country, “they are quite capable of doing it in Italy, Spain and anywhere.” The message that sends to people is ”get your money out while you can.” As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. “Do Not Invest In The Euro-Zone,” he concludes,“you have to be mad to do so - as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based.”
“They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so.”
As Neil Cavuto points out, what is happening in Cyprus is already happening in America…it’s just that most people don’t realize it.
Katie Pavlich notes that American’s 401K plans already top the list of assets the government is threatening to seize:
As a reminder, the United States government has been eying and researching how Americans use their 401k plans for quite some time now. Recently we saw the U.S. Consumer Financial Protection Bureau suggest the government help “manage” retirement plans.
[...] In February, the Washington Times went so far as to ask “is your 401k about to be nationalized?”
The $19.4 trillion sitting in personal retirement accounts like the 401K may be too tempting an apple for a government that is quite broke, both monetarily and morally. The U.S. Consumer Financial Protection Bureau director Richard Cordray recently mentioned these accounts in a recent interview, stating “That’s one of the things we’ve been exploring and are interested in, in terms of whether and what authority we have.”
This agency, created by the 2010 Dodd-Frank-Act, is very concerned about how safe your retirement savings are. They are apparently concerned that retiring baby boomers may become victims of financial scams.
If the government takes control of retirement accounts, it will not be called “nationalization.” There will most likely be an indecipherable document that provides an opt-out option (initially), but why would you want to do that? The US government only wants to ensure the safety of your retirement funds; they did after all create a new bureaucracy for that specific purpose. And what could be a safer investment than US bonds?
Karl Denninger…cites some reasons for being concerned that this express train intends to flatten the US in the coming years. He lays out whywe may need recourse to something like this.
In two years federal medical spending along with Social Security and interest will, on current paths, reach the total of all tax receipts. At the outside the market will realize that Congress will never address the underlying issue with medical care because they have steadfastly refused to do so…. There is about $20 trillion in US Retirement “assets.” A “small” 10% “one time” tax levy on those assets would fund the US Deficit a couple of years from now, and I will go out on a limb now and predict that exactly that will be done. Of course the “one time” aspect will be a lie too…
He goes on to explain how the test case for this has already been successful. And how the American People have already allowed the legal precedents to allow this to happen to be codified in case histories all the way up to the USSC.
the precedent has already been set, and you, the common American, sat for it.
You allowed the GM bailout to take place where the seniority of bondholders was ignored and they were screwed while the UAW was made whole. You allowed Obamacare to be passed with the Congress denoting it was a “fine” rather than a Tax, because Congress knew that a direct, unapportioned tax was unconstitutional — and then you sat again when Judge Roberts of the USSC rewrote Obamacare to be that very same unconstitutional direct Tax.
Mark my words, Obamacare has very little to do with Health Insurance. This is why nobody in government feels any particular concern over the fact that it screws health insurance up so badly. If you are in government and you want the power to run things by fiat, this law just gave you the keys to a Barchetta with a full tank of petrol.
Now some of you have quaint hang-ups stemming from a silly political dope-deal known as The American Bill of Rights. For those who knit-pick abstruse details, Amendments IV and V get really anal about this property rights jib-jab.
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
Not to worry Komerade Amerikan. There are apps for this as well. Kelo v. New London is a landmark case that helps put the subjects in their proper place. As long as your bank account can be construed as conferring a public benefit through public use, this lovely piece of jurisprudence would justify its seizure down to the last penny.
Bottom line: The state can steal your property, your wealth and your sustinence at any time they get pissed off enough or desperate enough to do so. You have no recourse to the law against this. The law is pathetically bastardized. Remember how that Arch-Conservative Supreme Court was poised to heroically strike down The AACA? Forget it Jake, we are all Cypriots now.
The last pope, Benedict XVI, blamed capitalism for poverty and was a staunch advocate for socialized medicine. Apparently he didn’t see the connection between that and violations of religious liberty such as the HHS mandate.
Argentina, like most of Latin America, is a hotbed of Marxist “Liberation Theology” (Obama is an adherent of the racist version, Black Liberation Theology). But does Francis I subscribe to it? Unfortunately, the reports are contradictory and somewhat cryptic.
The Guardian calls him “a champion of liberation theology.”
Catholic Online says “Bergoglio is an accomplished theologian who distanced himself from liberation theology early in his career.”
According to John L. Allen Jr. of National Catholic Reporters, the Jesuit Bergoglio has long spoken out on behalf of the world’s poor and criticized free-market economic policies.
“We live in the most unequal part of the world, which has grown the most yet reduced misery the least,” Bergoglio told an assembly of Latin American bishops in 2007.
“The unjust distribution of goods persists, creating a situation of social sin that cries out to heaven and limits the possibilities of a fuller life for so many of our brothers.”
Here’s Lynch quoting from that 2011 speech delivered by, now, Pope Francis I:
Said Cardinal Bergoglio in said speech that “The economic and social crisis and the consequent increase in poverty has its causes in ways policies inspiredneoliberalism considering profits and market laws as parameters, to the detriment of the dignity of individuals and peoples. In this context, we reiterate the conviction that the loss of the sense of justice and lack of respect for others have worsened and led us to a situation of inequity. ” Later stressed the importance of “ social justice ”, the” equal opportunity “damage” transfers of capital abroad, “which should be required” distribution of wealth ”, said the damage of economic inequalities and the need to “prevent the use of financial resources is shaped by speculation,” especially in the context of the “social debt”-which in his opinion is of eminently “moral” – is to reform “economic structures” in expressed the sense before.
Again, I may have lost something in the translation, but it appears the new Pope fails to understand markets and holds the concepts of social justice, equal opportunity and distribution of wealth, as important. Concepts which, of course, generally lead to advocacy of much government intervention and much central planning. It as though the new Pope has somehow given up on the good in people, and perhaps even in God, and has decided to replace both with a central role for the coercive state.
The Investors Business Daily editorial board, however, contends that Francis I is no friend to Big Government:
The change that swept Eastern Europe in the 1980s and fueled the collapse of the Soviet Union may find itself repeated by a new pope with similar disdain for the authoritarian governments of his region.
When Cardinal Karol Wojtyla stepped out on the balcony of St. Peter’s in 1978 as Pope John Paul II, Soviet communism still stood astride Eastern Europe and his native Poland.
He would be the moral force helping to lead half a continent out of the human bondage of totalitarianism.
Argentina’s 76-year-old Cardinal Jorge Mario Bergoglio, now Pope Francis I, is no stranger to — or compromiser with — the oppression of authoritarian government.
During his tenure as Archbishop of Buenos Aires and head of Argentina’s Conference of Bishops, the new pope had a strained relationship with the governments of President Cristina Kirchner and her late husband, former President Nestor Kirchner, who once called Bergoglio “a real spokesman for the opposition.”
The cardinal who eschewed limousines to ride his bicycle or take the bus, is known as a man of the poor and of the people.
He gained admiration for living in a modest apartment instead of the palace in Buenos Aires that was adjacent to the Casa Rosada where the president resides (and where Juan and Evita Peron often harangued the Argentine people).
The new pope has fought a long battle in Argentina against leftist government, Peronist anticlericalism, the spread of evangelical Protestantism and the secular temptations of modern society.
Like Pope John Paul II, he is likely to resist calls to “modernize” the church, to make it more “popular” and “appealing.”
Like Pope John Paul II, Pope Francis is a strong opponent of what is called “liberation theology,” a bizarre mix of Marxism and Catholicism often embraced by left-leaning politicians and clerics in Argentina and elsewhere in the hemisphere.
Rosendo Fraga, a well-known Argentine political analyst, told the Miami Herald’s Andres Oppenheimer that Pope Francis “is definitely bad news for the Argentine government. His homilies, as recently as two weeks ago, were very critical of economic and social conditions, and of corruption in Argentina.”
“Francis may become a critic of governments such as those in Venezuela, Ecuador or Bolivia, in the same way that John Paul II became a critic of communism in Eastern Europe,” says Daniel Alvarez, a professor of religious studies at Florida International University.
[T]o be sure, South American governments are, with certain exceptions, nothing like the monolithic, totalitarian USSR.
Moreover, Pope Francis I is not as young as Pope John Paul II. Nor does he have a Ronald Reagan and a Margaret Thatcher to work with.
Even so, he does provide a rallying point for a region beset by authoritarianism that badly needs one.
Who knows whether this pope will stand up against the unscriptural tenets of Socialism? I guess we’ll have to wait and see.
100 years of the federal government directly attacking the right to private property and to earn a living. 100 years of them skimming off the top before you even get paid what’s left of what you’ve rightfully earned. 100 years of politicians squandering your money and using it to bribe voters, expand their powers, grow the size of government and erode your liberties.
The saddest part is, there is not an American alive who can remember a time when the income tax did not exist, and therefore most do not even stop to consider whether it should exist at all.
Sunday, February 3, is the 100th anniversary of the ratification of the Sixteenth Amendment, which makes it the one hundredth birthday of the income tax. It has grown rather ill-tempered in its dotage.
Americans for Tax Reform commemorated the occasion by publishing a few fun facts about the income tax. Among other interesting statistics, the initial top tax bracket was only 7 percent, and it didn’t kick in until income reached a whopping $11.6 million in 2013 dollars. Only 358,000 people had to fill out 1040 forms at first, because the standard family deduction was an adjusted $93,000.
Over the past hundred years, the tax code has swelled from 400 pages to almost 74,000. The top rate is 39.6 percent; add in state and local taxes, and you’ve got the government soaking up over half of every marginal dollar earned by the Evil Rich. And the top bracket crashes down on those who earn over $450k, which is the new functional definition of a “millionaire.” Every new tax – from the income tax itself, to the Alternative Minimum Tax and its prospective stepchild, the “Buffett Rule” – is sold as a small levy on the vast wealth of millionaires. The AMT was only supposed to affect a couple of hundred people when it was implemented in 1969, but now it’s on the verge of grabbing 50 million taxpayers, if it’s not “fixed.” In the early years of the income tax, Americans were likewise assured that it would only slip a few dollars from the bulging wallets of the wealthy.
Allowing the government to sink its feeding tubes into the veins of American income has fueled astonishing government growth. That first itty bitty tax levy brought in a paltry $16.6 billion in revenue, adjusted for the past century of inflation. Today the income tax brings in $2.7 trillion. Government inevitably grows to fill, and exceed, the space made available for it.
[...] The income tax is collected largely through payroll deductions, which makes the true cost of government almost completely invisible to the middle class. Uncle Sam quietly takes his cut before the first dollar lands in an employee’s bank account. If every worker was required to compute and pay his own taxes quarterly, in the manner of a small business, America would experience a taxpayer revolt that might sweep away a good deal of government bloat. Imagine the fortunes of tax-cutting small-government candidates if most of the electorate had to figure up quarterly local, state, and federal tax bills, and write checks to all three authorities, a few days before each election.
Instead, the government takes big, silent bites out of everyone’s take-home pay. The process has been made obscure and painless, in much the way that a mosquito numbs the skin of its victim before drawing blood. We might also add the bite taken by Social Security and Medicare, programs that no young person entering the workforce today will ever get to enjoy, not in any manner resembling the benefits paid to the current retirees they are supporting. Although taken for different purposes, that money has become fungible; it’s all part of the same river of cash, pouring into an irresponsible Leviathan that still borrows another 40 cents on top of every dollar it takes from us. When we gave the State first claim on our income, we conceded far too much.
Then you’ve got the nauseating spectacle of Tax Day, when some people do become momentarily conscious of the immense cost of government, and grow a bit irritable… while others dance in the streets waving their tax “refunds,” which they actually regard as a “gift” from the government. Free money! Yay! Thus are the citizens of this proud Republic made to dance like trained animals, as they celebrate the repayment of money the government unfairly took from them, without a penny of interest. And then you’ve got those who receive “tax refunds” exceeding anything they paid into the system, thanks to tax credits.
Morningland Dairy raided and another family business destroyed 01/25/13
View on YouTube
The FDA is notoriously prejudiced against raw dairy products, and if they personally are opposed to consuming them, fine! But what constitutional authority do they have to tell American citizens what they can and cannot eat and drink? Answer: NONE. With the government takeover of health care, however, you can rest assured that tyrannical attempts to control your diet will increase, not decrease.
The FDA, like so many other federal bureaucracies, has become a tyrannical, unelected, unaccountable apparatus for the Nanny State to rule over Americans instead of representing and serving them. Their goal is not to protect citizens from harming one another, but to protect us from our own choices by restricting them and making them for us. But this abuse of government power is not a victimless crime.
This small, family-armed dairy is the latest casualty in a long line of victims of government abuse and over-regulation. Will your business be next?
MOUNTAIN VIEW, Mo. — After a two and a half year legal battle, 15 tons of cheese made and aged near Mountain View was hauled to a dump. To fans of natural foods, it is monumental waste and over-regulation. To Missouri’s Milk Board, it’s merely protecting public health.
“I see the destruction of what my wife and I and family have worked to build,” said Joseph Dixon, owner ofMorningland Dairy.
Dixon and his family aren’t the only ones outraged by the trashing of about 30,000 pounds of cheese produced on the farm in Howell County.
[...] ”They really haven’t found anything, no sicknesses, no illnesses in 30 years. But it’s what-if. And in the United States of America, if what-if now wins, we have no country left,” Dixon said.
Both Howell County Court and the Missouri Court of Appeals sided with the milk board’s decision to destroy all the cheese.
“We asked for trial by jury; we were denied because it was a regulation, not a law. It wasn’t passed by congress,” said Dixon.
A couple of years ago, the Dixons still had hope of someday making cheese again and were milking daily, but now, the milking barn is empty because the dairy herd is gone.
“If I tried to start back up, it would cost so much to get it in the cooler, and then, if they find, quote, one thing they can complain about, one thing, I’m shut down again, and every bit of that has to be destroyed,” said Dixon.
The Milk Board shut down Morningland’s manufacturing operation and ordered all cheese at the facility embargoed on August 26, 2010 after receiving a report from the California Department of Food and Agriculture that Morningland cheese seized in a raid of the Rawesome food club in Venice, California in June 2010 had tested positive for Listeria monocytogenes andStaphyloccocus aureus. Not a single block of cheese in the warehouse had the same batch number as the cheese seized in the Rawesome raid. A Milk Board inspector initially told Joe Dixon that he would only be shut down for a few days—but that changed when FDA stepped up their involvement in the case a short time later and pressured the Milk Board not to let Morningland resume their operations.
On October 1, 2010 the Milk Board sent the Dixons a letter requesting that they destroy the entire inventory of cheese at the facility; when the Dixons refused, the Milk Board filed a petition in the Circuit Court of Howell County to obtain an order for the destruction of the Morningland cheese.
After a two-day trial before Judge David Dunlop, the judge issued a decision on February 23, 2011 ordering the destruction of the cheese. Morningland appealed the decision but on September 27, 2012 the Court of Appeals sided with the Milk Board. A petition to the Missouri Supreme Court to hear the case was rejected onDecember 18, paving the way for the destruction of the cheese to take place.
Neither the Milk Board nor FDA ever tested any of the cheese stored at Morningland. FDA did take 100 environmental swabs at the facility, all of which tested negative for listeria. There was no accusation that any cheese Morningland produced had made anyone sick; there had never been any reported illness from the consumption of Morningland products in the thirty years the farmstead cheese operation had been in business.
The Morningland case was about FDA’s agenda to restrict access to raw dairy products with the eventual goal of banning them. The agency doesn’t hesitate in sacrificing a business like the Dixons’ in order to move its agenda along.
What message does this send to entrepreneurs who are considering starting their own business and creating jobs? Who wants to take the risk of running afoul of busybody bureaucrats with an ax to grind?
This is what Agenda 21′s “sustainability” agenda looks like in practice: destruction of property rights and the legacy of generations of rural families.
Freedom Foundation: Montana Legacy Jeopardized By Federal Overreach
View on YouTube
A rancher friend once told me he was going to live a pauper and die a millionaire. Much like him, Montana is land rich and cash poor because we’re not allowed to responsibly use our lands and resources for our own benefit. Even as we sit on unimaginable wealth above and below our beautiful landscapes, we have the second lowest wages per job on the nation. We’ve been cut off from our wealth by people who either don’t understand or don’t care about the human toll of pressing their values on Montana families.
We all want and should welcome a sustainable and diverse economy; but industries that aren’t based on some underlying value can pack up and leave overnight. A sustainable economic base must leverage the things that are unique and lasting. In Montana those things are natural resources. You can’t harvest Montana timber in Indonesia, raise Montana wheat in Australia or pump Montana oil in Saudi Arabia. They’re what we have and businesses have to come here to get them. But we’re being increasingly cut off from what makes Montana the Treasure State.
Imagine if the federal government stepped in and outlawed gambling in Las Vegas, tanning in Florida, or Mardi Gras in New Orleans. Those are the local engines of economic growth. Businesses and families depend on those things to prosper and pursue happiness. But here in Montana we’re being cut off from our economic engine. It’s both unfair and unsustainable to have barriers erected by far away special interests and bureaucrats that seem to think that the families and lifestyles of those who live here are expendable.
They can do this because the federal government oversees so much of our land. Nearly 30 percent of Montana is controlled by the federal government. Getting access to those federal lands, whether through grazing, drilling, digging or harvesting is getting more and more difficult and expensive because of federal meddling in what used to be state responsibilities.
Welcome to another installment of “Bureaucrats Gone Wild.” The EPA was originally created to advise congress and enforce federal environmental laws passed by congress (which constitutes a constitutional question in itself, since environmental issues, per the 10th Amendment, belong under the jurisdiction of the individual states, not the federal government).
Now, the EPA has become a monster that continually makes up its own rules and regulations – which are never voted on by the people or their representatives – and abuses its power to control individuals and their private property. Staying warm in winter is as much a matter of basic survival as food, water, and shelter – areas where it is incredibly dangerous for government to exert control at the expense of individual freedom.
So, you’re living in Fairbanks, Alaska, and it’s 45 degrees below zero, Fahrenheit. The high today will be -39 degrees below zero. The weather services all project lots more double-digit minus numbers in the coming days and weeks, with dips into the minus 50s and 60s. Heating oil prices are killing your family budget, so you crank up the wood stove and start burning some of the firewood you collected last summer. Uh-oh! Now you’re in trouble!
Yes, you’re merely trying to survive economically — along with trying to keep the wife, kids, and grandma from freezing to death. Of course, that’s not a mere theoretical possibility in these temps — but federal EPA bureaucrats in Washington, D.C., have determined that fine particulate matter (soot) in your wood smoke is verboten.
Lying low in the Tanana Valley, Fairbanks regularly experiences temperature inversions that trap smoky air over the area. That means people with respiratory problems can have more irritation from increased soot content. The federal Environmental Protection Agency’s revised fine particulate matter regulations (PM2.5) have cut the annual level of allowable fine particulates from 15 micrograms per cubic meter of air to 12 micrograms.
The Fairbanks North Star Borough, a county area roughly the size of New Jersey with under 100,000 population, has been under the EPA gun since the agency ratcheted down its soot standards in 2008. Along with 14 other cities and 53 other counties that were not then on the EPA’s “non-attainment area” list, the Fairbanks North Star Borough is under orders to clean up its air or face fines and a “compliance plan” imposed by EPA. In efforts to meet the federal mandate, borough politicians attempted to regulate wood burning. That got citizens heated up.
“Everybody wants clean air,” state Rep. Tammie Wilson told the Associated Press. “We just have to make sure that we can also heat our homes.” Rep. Wilson sponsored a citizen initiative passed in October that bans the borough regulation of home heating devices. The borough, she said, has no business stepping in with restrictions when no one knows if they will work. “We’re still waiting here for a model, a model that shows us that if we do A, B and C, we can then get into attainment,” she said. “We have not seen anything from the borough, from the state or from the EPA showing us that that is even possible with the technology that is available to us.”
The citizens have spoken; they have told the local, state, and federal officials that they would rather not freeze to death to satisfy federal bureaucrats who are in a fretting frenzy over theoretical deaths from soot. The citizens are on firm ground, as it turns out; the “science” the EPA has based its PM2.5 standards on is shoddy at best. Like the “science” cited by alarmists who are all in a twist over global warming, the studies providing the basis for PM2.5 are based on computer models and hidden data, not actual measurements and peer-reviewed analysis.
[...] The EPA’s brazen overreach and flawed science have been flayed and exposed repeatedly (see: Here, here, and here), but the Obama administration has marched on, determined to impose its “green” agenda on the nation.
Of course, even if the people of Fairbanks were to cease all burning of firewood, there is no guarantee that they would satisfy the EPA standards. There is no viable source of energy that meets EPA approval. The EPA is down on coal and oil, and even clean natural gas, which for years was the darling energy source of the greens — until the recent natural gas boom began making it cheap and abundant.
I know there are a lot of Protestants who buy into these ideas as well, but we’re so dispersed that it’s easy to dismiss a Protestant like Jim Wallis who peddles this garbage. Where are the conservative Catholics supposed to go?
Earlier in his homily, the leader of the world’s 1.2 billion Roman Catholics decried “hotbeds of tension and conflict caused by growing instances of inequality between rich and poor“.
The idea that economic inequality is the root of most conflict is a Socialist idea, not a Biblical one. The Bible makes it clear that man’s sinful nature is the source of mankind’s broken relationships and conflicts.
Also, the Pope appears to mistakenly assume that economic inequality is automatically a form of injustice which creates resentment, not recognizing that poor people are not made poorer by other people getting richer, because wealth is not a zero-sum game. Any resentment over inequality is either based in envy, or anger over being cheated and exploited (in which case, it is the dishonest manner in which the wealth was gained, not the wealth disparity itself, which is the problem).
He also denounced “the prevalence of a selfish and individualistic mindset which also finds expression in an unregulated capitalism, various forms of terrorism and criminality”.
Funny how Socialists believe that it is “selfish” for people to want to keep what they earn, but neglect to recognize selfishness in those who demand that money be taken from those who earned it and given to themselves (who didn’t earn it). The Bible has a word for that, however: theft.
Also, Socialists denounce any rejection of collectivist control over goods and services as “individualist” and selfish, completely ignoring the fact that God Himself established private property rights when he gave the 10 commandments, including “Do not covet” and “Do not steal.”
Socialists also assume that pure Capitalism is an “unregulated,” winner-takes-all affair. Nonsense! True Capitalism requires law and order to make sure that all transactions are conducted honestly and voluntarily, without coercion or deceit. Free enterprise is not anarchy. Nor is it a form of “terrorism and criminality.”
Guess I shouldn’t be surprised that the Pope completely misses these points. He’s a former Nazi youth, after all, and like most Germans has never fully rejected the Welfare State or many of the other Socialist underpinnings of the Nazi party. Also, like most Christians across the theological spectrum, he has never studied Biblical Economics.
Sadly, millions will hear his ignorant statements and become even more firmly entrenched in the unscriptural idea that Socialism is Biblical and free enterprise is evil.
Even more sadly, millions of Catholics are fighting for religious liberty against the very kinds of oppressive Socialist governments the Pope is supporting with these statements. At a time when he should be denouncing abuses of government power, he denounces the “individualism” of those fighting for their God-given rights of economic and religious liberty instead.