ILL FITTED TAXATION

Today is another day. The Sun is still shining, no matter where you are, high or low, beneath or above the clouds, it's there. There used to be a time, under that same Sun, when failure was acceptable to talk about, and truth was better investigated. Maybe because failure can mean the end of comfort, we avoid it and therefore avoid what lays before us each day; an opportunity to step ahead of our mistakes made in the past. No, there will be no golden-trumpets-of-truth to hit the fan about where the $3 trillion U.S. dollars went. Now we find ourselves unknowing and quick to punish.

"Daddy Warbucks," in this case the common U.S. citizen, has been busy paying for the bailouts of every failed big business. The money intended to jumpstart the economy has only left the economy in sagging disarray while rewarding bad business practices and political organizations for their ill intended business paths. For instance, ACORN received $5.2 billion USD in bailout money, and while currently under Federal investigation of voter fraud. And now the plan is to tax institutions for our own perpetuation of these horrible practices. These unallocated taxes are the kind of taxes that the founders of the U.S. Constitution fought against, taxation without representation. Is the Obama administration as guilty as the U.S. Congressional House and Senate who opened the gates of financial purgatory? Who dealt it smelt it, or is it who smelt it dealt it?

And still, ironically enough President Obama stated that "While the financial system is far stronger today than it was one year ago, it is still operating under the exact same rules that led to its near collapse." He is suppose to be the protector of the United States and representitive of the Constitution who tells Congress "You shall not pass" when they try to reward businesses who have spent beyond their ability to produce revenue. Now it seems we live in an age of titles of nobility, and of course not to be confused with real nobility. President Obama now wants to punish the very banks he saved by implementing a "Financial Crisis Responsibility Fee" at a yearly rate of $1,500 for every $1 million borrowed to finance lending and other activities. This could mean that every U.S. citizen will pay higher rates when they borrow money. The said intentions of the "Financial Crisis Responsibility Fee" are to force banks into submission and keep them small, creating "leverage." A controlled market, cannot and will not sustain liberty for long. Anarcho-capitalist free market is what our founders intended to have, but of course with a civil government governed by the common citizens and a set of U.S. laws and bindings listed in the U.S. Constitution. This all leaving room for our posterity and property which may bring forward courageous innovations under freedom, as well as a liberty to fail. Failure is important for a society which wishes to be free and helps it make prolific advances towards a better day.

With all that said, and a half an hour later after devouring a bag of Dorito chips, I must conclude; we live in a nation where punishment is brought on in the form of spanking a dead horse. Obama may have good intentions to punish businesses that were awarded bailout money which was spent on frivolously party-times, but where does the line get drawn? Allowing a person, or business to fail is the best thing to do and accounts as a learning process. As Abraham Lincoln said, "The fiery trials through which we pass will light us down in honour or dishonour to the latest generation." Let us learn from these mistakes and move on.

(Sources: Stossel's Report & Holman Jenkins' opinion)

-M.G.Gonzales with N.S.Soria