Posted in Bailouts, big government, Crony Capitalism, Dependency, Economic Issues, Entitlements, Government Regulations, Government Spending, Influence peddling, National Debt, Policy Issues, Rule of Law, Tax Policy, Uncategorized, Welfare State

Democracy’s Death Spiral – John C. Goodman

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John C. Goodman

It works like this: Politicians find it in their self-interest to take from Peter and give to Paul, whenever Paul can offer more political support than Peter – in the form of votes, campaign contributions, get-out-the-vote efforts, etc. But as tax rates rise to pay for these political acts of theft, some of the Peters begin to emigrate to other jurisdictions. As more taxpayers leave, the tax rates needed begin to rise – leading to a greater exodus. Eventually there are no Peters left to tax to pay for all the benefits the Pauls were expecting.

In the United States I associate this general approach to politics with Franklin Roosevelt, who had two important insights.

Source: Democracy’s Death Spiral – John C. Goodman

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A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

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