The Eagle That Laid The Golden Eggs

We have reached that point now where in ten years there will be more voters that live off the government than there will be that pay taxes to the government.

This is the point of the "Golden Goose". From there on out there are enough votes to vote into law any bill that will give to those that are not paying taxes, but are receiving the benefits of the distribution of those taxes. The tax payers will be unable to stop the spending because they will be in the minority.

When the "Golden Goose" point is reached the voters will be able to kill the goose to get the eggs faster. But they will discover, as did the couple in the Aesop's Fable, that the dead goose can no longer lay golden eggs and that the goose had no stock of gold inside it.

Yesterday I met someone who thought that the government had "its own money". That the government didn't have to get its money from the governed, but just had "its own money" that they could spread out to whomever it pleases.

That scared me because I am sure I know many more that believe that but that I just never had the misfortune to have them tell me.

In ten years the taxpayers will have increasing taxes until they can no longer pay the taxes, and like many of the older family's in England that had great estates, they will default to the government. Their property will become the governments property. No taxes will, from that point forward, be collected from those assets. The governments tax base will shrink daily and its entitlement programs will expand, until the whole pile comes down just as the situation in Greece.

We might stop this....maybe, if we can stop the spending and in turn stop the taxing. If we can get those that live off the government to start making their own living and even paying some taxes. This would cause an increase in income to the government and a decrease in spending by the government. The deficits would shrink and , maybe, in 10 years the goose would have a chance at life.

But I am not sure that we can make that change. Personally, I think its too late. I hope I am dead wrong.

Jim Isbell
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