Friday, January 09, 2009

Abolish the IRS? Good Thinking, Mr. Galt!

Is it true that we are now living in the days of "Atlas Shrugged," Ayn Rand's prescient novel about surviving government regulation and overreach gone mad? Certainly the narcissist-elect appears to be set to place virtually all of his faith (and taxpayer's money) into the hands of an exponentially bloating government bureaucracy.
Many of us who know Rand's work have noticed that with each passing week, and with each successive bailout plan and economic-stimulus scheme out of Washington, our current politicians are committing the very acts of economic lunacy that "Atlas Shrugged" parodied in 1957, when this 1,000-page novel was first published and became an instant hit.

Rand, who had come to America from Soviet Russia with striking insights into totalitarianism and the destructiveness of socialism, was already a celebrity. The left, naturally, hated her. But as recently as 1991, a survey by the Library of Congress and the Book of the Month Club found that readers rated "Atlas" as the second-most influential book in their lives, behind only the Bible.

For the uninitiated, the moral of the story is simply this: Politicians invariably respond to crises -- that in most cases they themselves created -- by spawning new government programs, laws and regulations. These, in turn, generate more havoc and poverty, which inspires the politicians to create more programs . . . and the downward spiral repeats itself until the productive sectors of the economy collapse under the collective weight of taxes and other burdens imposed in the name of fairness, equality and do-goodism. _WSJ
The narcissist elect has publicly stated that the private sector cannot save the US from the recession. How moronic! The private sector is in fact the only way out of this or any other economic recession. Where does the narcissistic fool think that taxes originate?

Yes, I understand that Obama intends to spend more than taxes. He intends to crank up the printing presses and borrow trillions of new dollars to spend. His cronies from the Chicago mob look to be first in line for the loot. Stripping the commonwealth to its barest bones, the narcissist plans to bleed the suckers dry.

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