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Wednesday, April 01, 2009

("They ain't seen nutin' yet!")

Paul Craig Roberts:
Historically, the definition of a free person is a person who owns his own labor. Serfs were not free, because they owed their feudal lords, the government of that time, a maximum of one-third of their labor. Nineteenth century slaves were not free, because their owners could expropriate 50 per cent of their labor.

Today, no American is a free person. The lowest tax rate, not counting state income, property tax and sales tax, is 15 per cent Social Security tax and 15 per cent federal income tax. The “free American” starts off with a 30 per cent tax rate, the position of a medieval serf.

In medieval Europe, when tax rates reached beyond 30 per cent, serfs rebelled and killed their masters.
And it's even worse when they are unemployed. The proverbial line has been crossed. Obviously, the idiots in power don't get when they've gone too far. Obama has shown himself no different than Bush. Both want to sell out the future so bankers can enjoy another multimillion dollar bonus while running the financial system into the ground. What I find truly amazing is, when called on it, they whine about persecution. ("They ain't seen nutin' yet!")

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