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Schiff on Serfdom – Today’s Quote

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First of all, I’m in the top two percent.  Right now, I’m paying 45% of my total income in income taxes, both to the state of Connecticut and to the federal government, and if you take the 3% Medicare tax.  After the tax hikes go into effect next year, more than half — more than half of my total income is going to go to the government.  You tell me, what’s fair about that when medieval serfs pay 25%, I’m paying half? I don’t care what the majority voted to do, they don’t have a right to steal my money just because they vote for it.

Peter Schiff via Majority Doesn’t “Have A Right To Steal My Money Just Because They Voted For It” | RealClearPolitics.

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2 Responses to “Schiff on Serfdom – Today’s Quote”

  1. Jesse says:

    I’m certain the serfs would gladly pay 45% tax if they could have his income and all the nice, expensive stuff it buys him. They’d go from struggling to keep fed and clothed in houses that are probably smaller than that guy’s garage to never having to worry about the basic essentials needed for survival again (unless the shtf during their lifetime, in which case they’d be better prepared than any of us are).

    While his taxes ARE very high (maybe even too high), let’s not pretend he is hurting financially in anyway.

    • admin says:

      I posted this quote because I’d been giving a lot of thought to:
      …if taking 100% of the fruits of your labor is slavery, at what percentage does taking the fruits of your labor turn into taxation and not fractional slavery.
      Furthermore, I’d much rather see the lion’s share of Schiff’s tax money left with him because he’s going to spend it or invest it in ways that will expand the economy and grow jobs. I’ve spent too many years around government to believe that it does more than waste much of the money we entrust to it. It wasn’t too long ago that President Bush and his successor gave us the stimulus that ‘created’ jobs…but each one created cost somewhere between $185,000 and $4.1m depending on which study you believe.

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