Framing the Dialogue

Posts Tagged ‘spreading the wealth’

The Law

The Law2Just a few days ago I commented on my desire for Americans to learn more about economics.  I also finished the post adding the need to learn about history.  The writings of Frederic Bastiat prove this second point.  Bastiat died in 1850 yet 160 years after his death words speak to many of the issues that we encounter today. 

In The Law, written shortly before his death, Bastiat makes a compelling case that law in France at the  time was being misused to commit legal plunder.  Laws passed that allow government to take from one person and give it to other persons to whom it does not belong do not change the fact that something is TAKEN from the first person or plundered.  The passage of such laws make the plunder legal.  We most recognize this plunder in the form of taxes.

Spreading the Wealth – March 12, 2009 Update

When I originally envisioned this page, I only planned on including “stimulus” spending in my calculations.  However, the recent Omnibus Appropriations Act of 2009 recently signed by President Obama contains millions of dollars of earmarks and significant increases in spending. 

Rather than include the entire amount of the spending bill, I have only included the pork, increases in spending above 2008 budget levels, and the  LEGISLATIVE PAY RAISES.  Please note that I am not an accountant and making estimates from a thirty page summary was mind numbing. 

Click here to look at the numbers.