by James Hickman,Schiff Sovereign:
A new Gallup poll finds that 29% of Americans now say government itself is the country’s biggest problem.
That’s a higher percentage than people who think America’s biggest problem is the economy. Or immigration. Or inflation.
Think about that for a moment. The institution whose entire job is to solve problems has become, in the eyes of the public, the single biggest problem of all.
Joseph Tainter described exactly this phenomenon in his 1988 book,The Collapse of Complex Societies. Tainter studied empires from Rome to the Maya and found the same pattern every time: as societies grow, they create layers of bureaucracy and complexity to solve problems.
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Eventually the bureaucracy becomes so bloated and expensive that it stops solving anything — and starts generating new problems instead.
And you can see it playing out in real time. Rather than address why it is failing to solve problems with the $5 trillion plus it already collects, a growing number of politicians simply want to extract more wealth from the people who create it.
Senator Bernie Sanders and Representative Ro Khanna just introduced the “Make Billionaires Pay Their Fair Share Act” — a 5% annual wealth tax on America’s roughly 938 billionaires, which they optimistically estimate would raise $4.4 trillion over ten years. That’s about $440 billion a year.
Sounds like a lot. Until you remember the federal government is running $2 trillion deficits every single year. Sanders’ grand plan wouldn’t cover a quarter of the annual shortfall.
Source: SGT Report
