Which political party is making the same mistake as King Solomon?
The Chicago Tribune article titled: Stimulus check updates: House passes $1.9 trillion COVID relief bill – …. reported the proposed bill to add to the National Debt.
This begs the question, which Americans will bear in the near future, the heavier yoke of taxation, the poor or the wealthy?
The Purpose of This Post
Is to relate an ancient experience of the consequences of politician’s obsession of placing heavier and heavier yokes on its population which resulted in dividing Nations by engaging in the same repeat folly.
“Your father put a heavy yoke on us, but now lighten the harsh labor and the heavy yoke he put on us, and we will serve you.” (1 Kings 12:4)
What’s My Point?
The Democrat party appears to be on a mission to print fiat dollars to distribute large amounts of dollars to lighten the yokes of its citizens experiencing a shutdown of many of the service industries affected by the Corona -19 pandemic.
However, history has proven over time, sooner or later, “fiat money” may result in super inflation, a far heavier yoke for everyone to experience in a Nation.
My point is somewhere in time, taxes must be raised to prevent the value of fiat dollar from loss of confidence in its use and value, or super inflation. The bitcoin is an example of people losing confidence in the dollar.
In My Opinion
High taxation was the yoke in ancient Israel that result in the North or higher taxation population paying taxes than the South lower paying taxation areas of Israel.
We can relate this same experience in the USA to the higher income earners (North) now paying the majority of taxes in the USA compared to the (South) lower income who now pay less taxes, none, or being subsidized by government programs.
It is no secret that the Democrats will in the near future pass legislation to place higher yokes on the rich to avoid super inflation.
Problem is the rich are now leaving individual States with higher yokes and moving to lower yoke States to avoid paying State taxes. Will many do the same and leave the USA if their Federal Taxes is the question?
So, what will be the answer?
In my opinion, the most probable answer is the observation made by King Solomon 3000 years ago and has been experienced in every generation over the past 3000 years over and over again in history.
8All things are wearisome, more than one can describe; the eye is not satisfied with seeing, nor the ear content with hearing. 10Is there a case where one can say, “Look, this is new”? It has already existed in the ages before us.…
Read the Source Links below.
Will the USA politicians of either political party manage to “straighten out cannot be straightened, and what is lacking lacking cannot be counted?’ (The USA National Debt)
Or will the USA politicians manage to accomplish “What has been will be again, and what has been done will be done again, there is nothing new under the sun.” (Divide the Nation in Time))
What is Fiat Money?